The semi-weekly miner. [volume] (Butte, Mont.) 1882-1886, 1882-03-25
,r,4,rrs DuIIIoag PRODUCT
Ard q Oursory Glance ss the Com
stock.

Ard Q Oursory Glance as the Com
stock.
II n stated by an exchange that letters
received in Virginia City (Nev.) say that
this city ''has been overbuilt and over
done in every way. There are already
too many people In the piace-many
more than can find anything 10 40.
Butte was overdone before the rasn
Of last summer set in, and since the
oreat accession t. it's population, causesi
FL ncwspaper putting has bt en- )ne of
the worst overdone mining districts
ever known. At its best Butte h not
properly able to support population OF
over 800"
Now in matters of this sort opinions
no for little unless based on figures and
undenisble facts. Let US exsmine some
ofthe facts in regard 10 the pre'ent con-
dition of Butte mines, and that for In
stance of the C0nlst0cks. There are
number of stock companies in Butte
which ship regularly handsome bull
lion output. There are number of
mines which are own ID by individuals
which produce weekly and send to the
local snlelters handsome quantity Of
productive ore. From the fact that the
large companies mill their own ores and
ship their product as bullion, while an
other class of mines send their ores to
sms lters which buy, snaelt and then ship
to Denver or Baltimore for refinement,
while still another class, is most of the
large copper silver mines smelt their
own ores and then ship for refinement,
from these facts it is very difficult to get
at the average weekly bullion output Of
Butte mines. But an estimate may lie
based on figures. Take for example the
bullion shipments OF the Alice and
MOuiton Co.'S. f0rlast week, ending Mar.
10, 1882. 1t IL on record that the Alice
shipments for that week amounted to
between 81, 900 and s25,coO, and the
Aloulton shipments between S11,0N
and $1,000 The aggregate from these
two companies was consequently be-
tween $50, 400 and s37, OoO. At this rate
two companies will ship from Butte
every month nearly $4,000 worth of
bullion. The mines which furnish this
much bullion at this time are in process
of development only. The Magma
Charta mine and the undeveloped
leyels Of the Moulton give every prom
ise of vastly increasing this aggregate at
10 distant day. This much for two
mines out of score Of bullion pro-
ducers.
Now look on another picture. 1t is |
said that there are $685. shares, out of
$40, COO, Of Con. Virginia advertised a. |
delinquent on the recent assessment.
California has near four times that
number Of shares delinquent-too many |
to count. A good deal of the latter |
stock is held in Eureka, where holders !
will generally refuse to lay the assess-
ment.
This is one item going to make up q |
statistical result. The only absolute
data to be gotten in regard to the Com
stocks are the amount of the last assess-
Inent and the number of shares delin-
luent on 1t. What do the Virginia M
pers say Of the mines: Their reports 20
about as follows:
I'm the Sierra Nevada the Wine on
ne ,1N-foot level has been sunk ten
Ieet, showing fine vein of porphyry.
As . consequence Of this promising de-
'el0pment, the stock is active, and an
Of 81 90 per share has been
evied. At the Yellow Jacket, the east
ON the 2.SO0-fO0t level has en-
'ounteredl : beautiful porphyry horne,
with streaks Of quartz
Treat excitement prevails among stock
holders over this valuable find. and nm
of s. per share has hcen
ordered. On the 3,OOO-fi,ot level of
he Savage, the diamond drill has
.een sent east $50 feet. 1t passed
Trough some beautiful seams of I
uartz and blue granite. These intlica-
IONS are considered very important.
M another assessment WIS ordered ut
nee. In the Belcher, stringers of orc
ave been encountered ut the bottom If {
ne main shaft. This discovery was CON. ,
ldered of 40 valllablea nature that work
'as immediately stopped, the shaft al-
'wed to I'LL with water. and an asses.-
lent OF 81 per share levied ut once Thio
y no doubt, y game Of the insiders to t
'cure control Of this valuable stock. Tn j.
r1iting north from the 2,7N.foot shaft
the Union, a bunch of ore, weighing
.veraI pounds, was exposed on the
angin9 wall. This drift was imme,Ii- g
Ie!y bulk headed and 4 do lar assesslncnt
vie1; This valuable find shows that
'e Ola Constock is not yet played out. .
DIST like the picture: id
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