davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1935-04-20
Fairview Mine Ships Car
Of $7O-per-tOn Gold Ore

M. ROOS, head of the Fairview Mining syndicate
was visitor in Great Falls Thursday bringing news
~ that his first shipment of ore from the newly dis
covered vein averaged $7032 gross per ton
The first car of % shipped to the smelter at East
Helena paid $1625 His high grade is running $l/o per
ton while the car averaged $70.32.
This is the mine where the old-tmers missed the ore by
about six feet Roos missed by about six inches He called
in F. c. Gilbert veteran mining engineer, who ordered the
crew to put round of shots into the wall OF the DRIFT af
nont where he figured the should have been found The
drills revealed the rich ore at inches shaft has been dug
down on the vein for 90 feet and the taking out
half carload of ore per week Shortly they will be able to
get out a carload week.
Another dividend of 10 percent has been paid by Roos
TO the group who pre-fnanced this operation
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1935-04-20
Pope Bill Racket Appears

The attention of the Journal has been called a new
racket in the mining industry growing of the proposed
Pope bill, before congress. re
local promoter is said to be making representations
giving the impression that be is investigator for the feder
al government prepared to recommend loans to miners who
want anything from jack hammer to a smelter.
The Pope bill has not yet been passed by congress.
The Pope bill is intended finance mining operations
but it yet law and there is none who has right
speak for the government other than the director OF the
United States Bureau of Mines if it were law.
Miners should be hestant about paying retainers
wasting any time with any person Fetesentng that he
get federal money for mines
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1935-04-20

Of the advancing prices on world
markets and that such advances
were direct result Of the United
States world purchases.
SO far as the present advance be-
ing an aid to production, Trauer-
man was not 50 optimistic. 1T will
be OF gTeat benefit to those opera
tors actually working their mines, :"
he said but It is unlikely that
many new mines will be operated
until the price mounts considerably
higher.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1935-04-20
HIGHER PRICE
FOR SILVER IS
NOW F0RESE

BUTTE-Montana mining circles
were gratified at President Ropse-
velt's action in raising the price of
newly mined silver, but expressed
themselves as still not satisfied
with the white metals price level.
The s " cent raise from 644 to
II cents an ounce, is a step Ia the
right direction and will mean much
to independent and large operators
throughout Montana, Carl j.. Tran-
erman, president of the Mining As
sociation OF Montana, said.
However, he added, Montana OPP
orators believe the seigniorage
should be cut in half. which would
nut the price Of newly mined silver
at 96h cents an ounce. The new
order cut the seigniorage from so TO
As percent.
This action Is a step in the
right direction" Trauerman said,
land encourages us in our belief
that an even higher price must soon
be reached"
Trauerman believed the chief va
Iue OF the hike would be in I'M
creasing the confidence Of investors
in western mining properties. The
actual price raise is not especially
significant, the association presi-
dent feels.
Trauerman predicted the admin
istration would be forced to make
further advances.
He pointed out that the present
raise was made necessary because
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1935-04-20

deeper. The company c0nEemplakea
sinking smother 100-feet az once
The Boaz mine which joins the
Josephine Il also in full operation.
and Il Is understood that Uhey 1ast
paid dividends Of seq for the last
six months operation.
Mr. Price. owner Of the Billy
Nine, q regular producer. has star
ted sinking on the vein, which
shows an increase in value and
width Of vein.
Activities around Norris. Mad
ison county. at the present time.
reminds the old timers OF the early
sixties. when mining was the main
industry in the Norris district. for
many Of the old mines as well as
new leads are being opened up
and shipments are constantly being
made from Norris to the shelters.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1935-04-20
ore SHIPMENT
OF JOSE HIE
AVERAGES SIT

The Josephine Gold Mining Co.
Of Norris. Montana, after month
of overhaaling machinery is IN full
operation. working five men.
AS stated by A. Doornbos. man
ager Of the mine, everything is
clicking again"
The Josephine. for the last few
months has been producing some
very fine ore. Their last shipment
of ore averaged s111.65 per ton, in
gold. and all veins seem to be in
ereasing in values and the width OF
the veins are better as they go
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1935-04-20
MINING

SHALL SCALE Placer aGanin@ Maee
COS ~ Chas. 3. Jackson and loho
B. Kaaabei, q booklet Kfwfnr place
nAnina Districts b. Montana ano
10ane. msneRals associated wifh nIer
81 goads the dkfzer@at n1eehads a.
znlning plaeer geld and how -
ceapsEues the proper eQaspmanl
SOC per copy. Supply Department
Mantana OH Searnal
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1935-04-20
USE TRAvERTINE
I'M PLACE CALOlTE
AS CHICKEN FEED

Another non-metallic industry In
Montana will be the manufacture
Of chicken feed from travertine
from the Gardiner quarry, near
Yellowstone park Travertinr is 10
be used in place of calcite 70 the
operation of the mill Of Calcite
Products Co. at Springdale this
year. George A. Mcdonald, who
will operate the mill. found that
analysis of Gardiner shows it to
be within 80 of 20 the same value
as calsite for chicken feed and
other feed purposes. The calcite
mine on Mendenhall creek ran out
Of ore.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1935-04-20
TWO MORE NILS
WILL BE BUILT IN
LITTLE ROCKIES

The mill at the Little Ben mine
at Landusky is to be increased to
200 tons capacity and new mills
are to be built at the Ruby and
Beaver mines, nearby. The old Ruby
has produced S3.50O,OOO, the Ala
bama has produced 100000 and
the Beaver Creek has produced
5000, 900. At least S7,00O.O0O has
been taken from the Little Rocky
Mountain district. The Little Ben
Mine has been producing $4,000
per month since 1t resumed two
years ago.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1935-04-20

Map 81 kne cakg * cps Bank ahewfnw
mzKmaeahip 8g kown l0te and wask laek-
t16N NeN1a Ia. - $50 A@ak zN41&
n1ue TINA nn pager 3M MapNav
Deparfnsmk Meatana o. xearasa
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1935-04-20
DRIFT miner
KILLED when
TUNNEL FALLS

J. r. Hall widely known
placer operator, was instantly
killed by q cave-in at his Wis
consin creek placer, two miles
below the Fairview mine near
sheridan, Mont. last Friday.
Engaged in drift mining, Hall
was trapped when 90 feet of gray
81 and, bouiders crashed down upon
him. Another workman In the DRIFT
was momentarily caught but es-
capped. 1t required three hours ana
a half to recover Halls body, work
men digging furiousiy in the hope
that he might be alive. A big bould-
er had crushed him.
Hall was one of the owners Of
the famous Fairview mine and his
death came Just as that property
is getting into production, he having
received mis- first substantial roy
atty check last week. He was re-
coenized as one OF the best miners
in Madison county and before COM
ing to Sheridan he was for 20
years employed in the mines at
Butte. Associated with him were a
brother, Charles, and r. w, Ros-
sitter, who viii carry on the Wis
consin creek placer operation.
Rich placer gold found at bed
rock is recovered by drifting along
bedrock-,an exceedingly dangerous
operation but considered moro prof
liable than washing the overburden
Of 20 feet. Of gravel.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1935-04-20

One percent royalty for sale on To-
cation being drilled between two pro-
dueinR wells, Priced 50 that an average
producer win pay A. rate Of flfty per-
cent per annurn.
BOX saS Montana on Journal. Great
Falls. Montans 4-25-kf
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1935-04-20
SHIP car OF COLD

VIRGINIA CITY - Winnetka
mine has shipped a carload of ore
to the Washoe smelter. Ray Butler
dick and r. e. MAIDEN are working
the mine under lease from the own
er, Harold Gohn.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1935-04-20

Labor troubles at Virginia City
have been Strengthened out by Vir-
ginia City Gold Mining Co., and
Alameda Mines Inc. but the Vir-
ginia City Mining Co operation is
still shut down.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1935-04-20
no INCRRAsR CAPITAL

Stockholders of Virginia City
Mining Co. win meet In Virginia
City in annual meeting on April 20
to vote whether the capitalization
shall be increased from 100000 to
100000 shares Of 81 par.
Evening star., 1935-01-27
Greater Federal Curb Likely
Over Codes That Fix Prices

also criticized as producing, in effect.
such minimum prices and as leading
to monopoly. Proponents Of the plan
argue that, properly administered,
open prices do not fix prices.
Such proper administration, as now
envisaged by N. r. A. officials, would
almost certainly involve a substantial
amount of Government inspection to
see that prices were not actually fixed.
N. r. A. already frowns on open
prices, but they are in several codes.
N R. A. has indicated it will state
as a policy that stimulation of pro-
duction is the most important method
of stimulating employment, and some
Blue Eagle officials have data indi-
eating to them that production has
been hindered in open price codes.
Most officials agree that fiat state
ments on price controls are impos-
sible. In some instances, such as In
the case of loss leaders, they may
actually protect against monopoly,
and in others, including open prices,
may serve to produce price stability.
Evening star., 1935-01-27
STORE SALES DROP
ON QUANTITY BASIS
Sag to Depression Low OBJ
scured by Prices, Re-
view Ayers.
Special Dispatch to The Star.

OPCNidA OlopdbSA W CbdA'
NEW YORK, January 26.-For the
full year 1884 the value of department
store sales in the United States was
10 per cent higher than in 1893. when
the low for the depression was reached,
according to Business Conditions
Weekly of the Alexander Hamilton
Institute.
"Sales in 1884 were also higher than
in 1882 with a gain of 10 per cent.
However, as compared with the pre-
depression year 1929. the value of
sales in 1894 showed a decrease of Bis
per cent.
THE expansion in 1884 over the
previous two years was due entirely
to the higher price level. The guam
tity of goods sold in 1884 apparently
dropped to new low for the depres-
sion," the report states.
JobIess Problem Stays.
"Since the reduction in unemploy-
ment which occurred during the first
seven months after the bank panic
in March, 1888, there has been little
further progress toward the solution
of the unemployment problem in the
United States" the institute declared.
The number of persons unemployed
declined from about 100000 in
March, 1888, to about 100000 in
october of the same year. Since that
time the number of unemployed per-
sons has f1uctuated between 12,50O,000
and 14,250,000. In November, 1884,
the latest month for which statistics
are available, the number of unem-
ployed person was 13,5o0,000, or 500,-
900 more than in October, 1888, when
me trend toward the elimination of
unemployment was halted.
N. r. A. Plan Called Futile.
"The fact that there has been no
improvement in the unemployment
situation during the last year, despite
the functioning of natural recovery
forces, shows the futility of attempt
ing to increase employment by reduc-
ing working hours and raising wage
rates as was done under the N. R. A.
in 1888.
"The increase in wage rates caused
an increase in prices which blocked
the expansion of output needed to
absorb the unemployed. The expert
ence of the last year shows that If
much progress is to be made toward
the solution of the unemployment
problem during 1885 wage rates must
be reduced.
Unfortunately, there seems to be
little prospect for such action in the
near future. On the contrary, labor
is exerting pressure for still higher
wage rates."
Evening star., 1935-01-27
RIFT IS FORESEEN
BETWEEN s. f. C.,
EXCHANGE CHIEFS
Report to Congress May
Bring Era of Active
Opposition.
BY THOMAS E. FLANAGAN,
Associated Press Financial Writer.

NEW YORK, January 26.-The
sluggish gait of security markets up
the path to the week end recess gave
no hint of what was most in Wall
Streets mind, the S. E. C. report to
Congress.
The IL suggestions to Congress were
direct thrust at the privacy which
has long marked some phases of stock
exchange control.
Consequently observers were quick
to guess that the present manage
ment would put its back up.
Suggestions also were heard in
some houses that the new proposals
would possibly mark the first rift
between the S. E. C. and the officials
of the stock exchange.
Heretofore, officers of the exchange
have gone long way to keep in the
good graceS of the S. E. c. From now
on, some think, the new brew may
prove so unpalatable as to provoke
active opposition by the governing
group of the exchange.
Evening star., 1935-01-27
CAPITAL WILL ENTERTAIN
BUILDING ANDLOANHEADS
Between 800 and 400 to Represent
About 1000 Associations of Ii States
Here February 26 and u.

including the Federal Housing Admin
istration, the Home Owners Loan
Corp. and the several divisions Of the
Federal Home Loan Bank Board.
Federal savings and loan associa-
tionS, insurance of savings and loan
shares, the Home Loan Bank of Win
Ston-Salem, which serves most of the
territory in the Southeastern Group,
withdrawal problems, conditions in
their respective States as regards the
supply and demand of mortgage
money and other topics will be dis
cuSsed.
The Southeastern Group is one of
the eight regional divisions of the
United States Building and Loan
League. Its officers for the current
year are George w. West Nof Atlanta,
Ga, president; William P. Jacobs of
Clinton, S. c., first vice president; Carl
]. Bergman of the District of CO.
lumbia, second vice president, and o.
K. LaRoque of Raleigh, N. c., secre-
tary.
Local arrangements for the confer
ence are in the hands of committee
composed of the building and loan
leaders of the District, of which Fred
A. Smith, secretary of the Columbia
Permanent Building Association, is
chairman.
Evening star., 1935-01-27
CANADIAN MARKETS
RESUME SLOW RISE
Talk About Gold Cases Abates
and Even Mining Shares
Improve.
Special Dispatch to The Star.

TORONTO, Ontario, January 26.-
Canadian markets this week resumed
the slow advance that was checked
when discussion developed as to the
possibility of an adverse decision in
the gold clause cases by the United
States Supreme Court.
Even the gold mining shares, which
had experienced sharp break, fell
into their routine course of the last
month or two, with trading dull and
price changes narrow. Gains in the
industrial market have not been large,
but have been fairly consistent, with
domestic issues making as good a
showing as some of the larger inter-
national stocks.
The oil group was steady, and one
of the interesting market events of
the week was the moving of British
American Oil from the unlisted to the
listed section of the Toronto Stock
Exchange. Years ago, when Imperial
Oil and British-American Oil were
first traded on the local market, they
did not publish annual reports and
therefore were eligible only for curb
trading. This year Imperial OILS
books are being audited by an inde-
pendent firm of auditors, and it is
likely that this Standard Oil subsidiary
also will be moved to the listed sec
ton.
Copyright 1885. by North American
Newspaper Alliance. Inc0
Evening star., 1935-01-27
BUTTER ADVANCES
AS SUPPLIES FADE
Futures Highest Since 1880,
With Cash Offerings
Best Since 1881.
BY the Associated Press.


CHICAGO, January 26.-The big
gest bull movement since the boom
days of 1929 has been witnessed in the
butter market thus far this year.
Butter futures prices this week
reached the highest level since No.
vember, 1880, when the market was
breaking from peak of AZ cents
pound, established in August that
year. For eight consecutive trading
days until yesterday January butter
closed higher. At the peak yester-
day the price was 327s cents. Fresh
extras sold on the cash market this
week at around "a cents, the highest
price since October, 1881.
Authorities called this a supply and
demand market. The principal rea-
son for sharply higher prices, mean
ing increased revenue to those con-
nected with the butter industry, is
the extremely short supply left in the
country.
Total United States butter hold
ings this week were estimated at the
Mercantile Exchange at around 26,-
100000 pounds, or about $4,000
less than this time last year.
The position of Chicago, always an
important market, has been enhanced
by a converging of stocks here. With
butter holdings at 100000 the 10
principal cities were estimated tc have
around 100000 pounds. Chicago
had 100000 pounds of this, COM
pared with holdings here a year ago
of 100000. Chicago merchants
have been shipping butter in all
directions, much of it into the heart
of producing territory. The five-year
average of holdings at the 10 markets
at this time of year is about double
present stocks.
What the present price structure
means to dairy farmers can be seen
from the fact that producers are get
ting around 35 to 81 cents a pound
for butter fat, compared with % cents
a year ago.
Production is below that of a year
ago. High feed costs and severe
Winter weather are largely responsible
for the decline.
Evening star., 1935-01-27
SUPPORTS
DEBT CONVERSIONS
OF MUNICH PAL|T|ES
Treasury Believed Prepared
to Keep Market Firm
During Rush.
Special Dispatch to The Star.

OpeCldl OlSpaICn 10 Inc star.
NEW YORK, January 26.-Cables
and radio dispatches to Business Week
give the following survey of business
abroad for the week ending today:
LONDON.-"Theh high level of gilt
edged security prices is causing a rush
of municipalities and similar bodies
to the market for conversions. These
issues have the approval of the treas
ury and range from 10 million pounds
for the London County Council to
two and three million pounds issues
for smaller local authorities.
Strong municipalities and such
organizations as the Metropolitan
Water Board, the Mersey Docks and
Harbor Board are now able to borrow
readily at 224 per cent. The deduc-
ton is that the treasury is prepared
to keep the market firm for some
time to come. 1t will certainly en-
deavor to keep. it at not higher than
pa per cent until the bulk of the
borrowing under the new housing bill
is contracted.
Experts agree that sterling mo-
mentarily is overvalued when COM
pared with the dollar, and undervalued
against the franc. A big adjustment
must therefore be made before world
Stabilization is feasible. If the trouble
over the gold clause in the United
States is overcome, this adjustment
might take place 1t is now generally
assumed in London that Roosevelt
has abandoned the policy of con-
tinuous dollar depreciation and that
he will not again throw the exchanges
into confusion, although he would
naturally take steps against any great
appreciation Of the dollar against the
sterling"
Paris Exchange Receivers.
PARIS.-"Last weeks recovery on
the Stock Exchange following the
peaceful settlement of the Saar ques-
tion has continued. rentes going to
new highs. Gold shipments continue
to leave the country, but in no great
volume. Exchange is steady.
LESS favorable factors are the in
crease in the number of unemployed,
the sluggishness of the export trade
Continued on Third Page.)
Evening star., 1935-01-27
Foreign Exchanges
Reflect Fear for
Gold Currencies
BY the Associated Press

BY Jl6 Associated treSS.
Foreign exchange markets again re-
f1ected considerable uncertainty over
the outlook for European gold cur
rencies yesterday, with the dollar
especially strong against the French
franc and also in terms of the British
pound sterling.
While there was nothing in the
days news to account for the sudden
outbreak of fear that one or more
members of the continental gold group
would be forced to abandon the yellow
metal standard. thereby creating Sc
rious problem for all the others, there
was an especially active demand for
dollars in both Paris and London.
In the former center the American
unit gained p centime in active trad
ing and closed at an equivalent of
6.535 cents to the franc, and in New
York francs ended several hours later
with loss of 0.0212 of cent at 6.51
cents.
In London the dollar crossed the
old parity line of 4869s to the pound.
under pressing demand from the con-
tinent, and in later dealings in New
York the British currency yielded
still further to close at $4.86, off 1la
cents on the day.
Evening star., 1935-01-27
SASKATCHEWAN AVOIDS
NEW TAXATION SOURCES
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, January 26.-James
G. Gardiner, premier and provincial
treasurer of Saskatchewan, in his first
budget speech since the return of the
province to a Liberal administration,
expressed complete confidence in the
ability of the province to register SUBJ
stantial recovery.
Present imposts would leave a de-
flciency of approximately $768,00 as
against necessary expenditures.
Mr.. Gardiner pointed out, however,
that accounts receivable past due, in
cluding arrears in taxes, being many
times in excess of the paper deficit,
sufficient monies should be collected
to make ends meet. He believes that
by keeping down expenditures and
driving for collections, he can balance
the budget for 1935-36 without addi-
tional taxation.
Evening star., 1935-01-27
DOMESTIC DEMAND
AIDS COPPER SALES
Zinc Eases ST Per Ton During
Week-Lead Products in
Good Demand.
BY the Associated Press.

BY the Associated Press.
NEW YORK, January 26.-Daily
sales of Electrolytic Copper expanded
during the past week owing to i'm
proved orders booked by domestic
fabricators. According to the reports
of the Copper Code Authority, busi-
ness on several days closely approached
or slightly exceeded 1000 tons at the
unchanged price of 9 cents for blue
eagle. Fair sales for export were
booked
Zinc eased 81 per ton as a result
of limited volume of business recently
booked by Smelters and increased
pressure to sell.
Arrivals of tin from abroad mo-
mentarily eaSed the tight spot situa-
ton and the premium of prompt tin
over forward deliveries narrowed
slightly.
Good demand for lead products
brought the various consumer trades
into. the lead market with the result
that smelters readily moved their
daily ore intake at unchanged prices.
Evening star., 1935-01-27
Investment Trusts Adopt Waiting Policy,
FauOr Companies With Most Stable Expenses

]. c. Penney in 20, Continental Can
in 10, American Gas & Electric in 18,
Socony- Vacuum and Du Pont in Is.
American Telephone, Santa Fe, Inter-
national Business Machines, Pacific
Gas g. Electric and Owens Illinois
Glass each had a place in 13 port
folios. Detroit Edison, Loew's, Stand
ard Oil of New Jersey, Texas Corp,
Union Carbide and United Fruit were
in IL. Air Reduction, Chesapeake &
Ohio, Commercial Investment Trust,
Humble Oil, International Nickel,
Kennecott, Sears-R -Roebuck, Standard
Oil of California, Underwood-E Elliott
Fisher and Union Pacific were held
by IL. Stocks on the shelves of 10
were Eastman Kodak, Guaranty Trust,
North American Co., Sherwin- Will
liams, Sterling Products and U. s.
Smelling. ,.