Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-09
Two Cents Per Word

erty be placed in the hands Of a re-
ceiver. The Cable company, the Ca
BILE Lease Mining company, Gable Con
solidated company and the Cable Min
ing company are named as the defend
ant.
In his petition the plaintiff alleges
that the Cable company leased to the
Cable Lease Mining company for a pc
riod of 80 years in 1903, that the lease
was fulfilled for a time but that the
property has not been in operation in
recent years. He states that the Con
solidated purchased all the shares
with the exception of some owned by
J. T. Carroll in 1917.
The Gable company was recognized
as the Cable Mining corporation and
ad interim certificates were issued
with three calls. Only one call was
made and one cent per share was paid
by the plaintiff. No other calls were
made. He has no knowledge of the
other stockholders. The sum of S55.-
600 was paid out for improvement on
the property and to his knowledge only
$4,000 was spent.
The treasurer pays no attention to
communications and the property has
deteriorated with neglect he alleges.
The complaint further states that the
workings are caved in and the machin-
cry is i nbad shape, that the watch
man has not been paid and the prop
cry Is in bad shape. that the watch
tiff prays for a receiver for all of the
companies except the Gable Consoli-
dated company and judgment for at
torney's fees, costs and disbursements,
and further that any funds be dis
$1,000 % oooI - %ka 1nrnnrafInrS
Zinc prices have risen ST per ton in
the last 10 days, thus having kept pace
with lead. As the week closed the spot
price was 6.S5c East st. Louis, with
futures going at 6.S0c. A feature OF
the weeks close was the jump in
prices at London, spot having risen by
10 shillings and futures by Is shil-
lings. Less than half of the American
producers have September metal for
sale though nearly all are taking bust
ness for fourth quarter.
The claims making up the KEENAN,
group were acquired years ago by
Col. Chester T. KEENAN,. both By pur-
chase and location. The ground in
cludes the famous old Fay Templeton
property, to which development so far
has been chiefly confined and which
has resulted in shozEang up important
deposits of gold anN tungsten but
the lead-silver and zinc possibilities of
the KEENAN, group are quite as import
ant as the more precious metals, for
the ground is believed to cover the
western extension beyond Beaver creek
of several of the bip mineral produc-
ing veins of the district.
For the ninth consecutive week the
copper market has continued firm at
IA cents" says the New York Com
mercial. Deliveries of electrolytic
now at this price still range over the
balance of the year. Practically all
of the copper mining companies haye
advanced wages from 10 to 10 per cent
except the Calumet ard Hecla, but the
employees Of this comEAny are earning
some SIS per cent more than the reg
ular scale under the contract system.
American smelter production is esti-
mated at slightly under S7.OO0.OOO
pounds monthly at the present time.
as against 23.500 900 pounds a year
z and a peak monthly output of 49,
600 700 pounds in 1916. Imports from
South America and elsewhere recently
have ranged from 100000 to 10000
600 pounds monthly, while exports of
copper manufacturers have averaged
6O.SOO, 900 pounds a month for the 10
months ending with June, 1922. In
this period Germany took 230,000.OOo
pounds. or more than twice as much
as France. which came second.
OF late. German purchases of copper
have declined. It is estimated that
domestic consumption during June. July
shipments of copper into foreign and
and August were 176. 775.OO0 and IT,
100000 and 100000 pounds, respect
lively, the largest deliveries for n
three pre-war months in history. The
present price is maintained in spite of
recent wage advances, d~iminution in
stocks and the knowledge that con
sumption is still running ahead of pro-
duction."
The biggest paying gold mine in Mon
tana is believed to be situated in Bear
gulch, hear Gardiner. Park county.
Forty satmps are busy dropping night
and day and the smoun of ore put
through in "a hours approximates 200
TONS. that ASSAYS SO to the ton. The
company operating this mine and mill
is the Jardine company, and H. c.
Bacorn.