Montana labor news., 1936-07-23
MONTANA MINING
NOTES
FURNISHED by Montana Stock
y Bond Co. Butte. MONTH

~ 1900
Basin Goldfields, Limited, operating
in the Pole Mountain District, near
Basin, Jefferson County, again has
come into the limelight by shipping
its second $4,000 car OF gold ore with
in six weeks, most Of this ore coming
from development work. The COM
pany was organized in May, 1888 by its
present officers and the late Colonel
A. P. Peake, original organizer OF the
Butte & Superior Mining Company,
which paid some $19,00O,000 in divi-
dends. Basin Goldfields was the first
company in Montana to register its
stock with what is now the Securities
& Exchange Commission at Washing
ton, d. c., under the Federal Securi-
ties Act Of 1888, its prospectus having
been recently amended. It also was
the first company to become a member
OF the national Gold Mining Associa-
ton OF America, Of which former u.
S. Senator and Governor Tacker j.,
Oddie, Of Nevada, is president It's pro-
perties are located about a mile north
west OF and in the same formation as
the Hope and Katie properties which
in 1924 produced about 100000 in gold
in less than six months from one ore
shoot. Basin Goldfields is opened by
several tunnels and wines, as it is z
tunnel mining proposition. Beside,
opening a number of high grade ore
bodies the company also has developed
a substantial amount Of milling ore
Recently its officers made arrange
ments with a group of New York City
financiers to furnish additional capital
to equip the mine with modern, cleo
trically driven machinery and to fur
nish a mill when developments warrant
same. For the last few years, the COM
pany has supported its operations al
most wholly from shipments, there be-
ing a few companies nowadays with
such a record. In May the company
shipped a car containing GA tons, which
assayed 2.34 ounces of gold and three
ounces of silver per ton, with net smelt-
er returns Of over $4,000 for the car,
In June a As ton car was shipped which
assayed 3 ounces Of gold and four oun-
ces Of silver per ton, the car returning
better than $4,000. Carl j. Trauer-
man, Butte, is president and consulting
engineer, Leeonard G. Courtney, Butte
is vice president and Ernest Dorais
Butte, is secretary-treasurer Mcssrs
Dorais and Trauerman also are among
the large stockholders Of the success
full Ruby Gulch Mining Company, al
Zortman, Montana, Trauerman being
president Of tina, gold mining company
August Freeburg, Of Basin is superin-
tendent.
Standard Silver & Lead Company
has paid another dividend Of ii cent
per share on its outstanding 100000
shares. The company is netting over
$4,000 per month at its Jay Gould
property, near Wilborn, Lewis s. Clark
County.
S. Kawashima, chief engineer OF the
Mitsui Company OF Tokyo, japan, visit
ed a number Of mines and reduction
plants in Montana in June.
= = 4
Mining Association OF Montana will
hold its annual meeting in the rooms
of the Chamber OF Commerce at Butte
July 18th and 18th, according to an
J. Trauerman, President, Harry C.. Ba-
corn, Vice President, F. c. Gilbert
seer ii easurer and DR.. Francis A.
Thomson, head of the executive com
mittee. The meeting will be given over
entirely to the problems of the small
operators, especially those who are
mining gold and silver ores. In con-
junction with the meeting there will
be a machinery exhibition, displaying
such machinery as the smaller opera
tors use. Manufacturers desiring ex-
hibtion space are advised to get intouch
with Mr.. Gilbert at 1211 West Diamond
ST., Butte. Governor w Elmer Holt,
of Montana, has been invited to make
the address OF welcome and it is ex-
pected that another speaker of national
prominence will address the gathering
on THE Future OF Gold and Silver
There will be several addresses by min
ing operators, metallurgists and mine
financiers. Ladies will be taken care
Of by a special ladies committee and
anyone interested in mining is invited
to attend. The first session will be
called at 2 P. M. on the 18th.