The Mineral argus., 1885-07-16
MINING MATTERS.


pea ten DarS OF silver on the Oth INST,
valued at $Is,792.
The Maginnis mill will start up
next week. dropping Io-stamps instead
of rocking two oscillators.
1t is reported that Joe Brown re-
Gently sold his EN-, grant Gulch quartz
interests to Eaton Bros. for the sum of
$4,000.
The contemplated mill to be erected
on the Bluebird mine will increase the
bullion output Of Butte BY at least
soc, 900 per month.
Last week the Lexington company
shipped sixteen bars Of silver weighing
almost a ton and valued in round
figures at S3,, 600.
The foundation for the engine and
arastras on the Spotted Horse pro-
perry has been laid. 1t is the calcula
tion to commence rock crushing by
the middle OF August.
Several of the properties Of Cone
Butte district bid fair to prove bonan
zas. Some Of the richest ores found
in the Judith mountains, both gold
and silver bearing, are being mined.
Specimen pieces shown us this week
will assay in the thousands.
OF nine miners from the Little
Rocky placer diggings that returned to
NJ alden last week. all agree that there
is little gold to be taken out. But
for the recent rains that washed out
most of the sluice boxes. fair wages
might have been secured, as it was
about IS cents per day to the man
was the average. The miners arc all
leaving.
w. T. Cox, a member of the New
York Mining Exchange, while in Hell
ena last week, said that mining stock
in the New York markets is looking
up. He is ot the opinion that the
placing oi worthless properties, capital
lzed al a hisil valuation has had much
to do with detrac,ing capital from the
mining industry. All dealers want is
good properties with a fair promise of
getting back in dividends at least some
Of the money they put in.
BY private letter from friend in
Helena We learn that A, NJ. Esler.
formerly superintendent of the Magin-
mis- Mining Co., is enjoying a much
larger business than he had anticipated,
and TO be able to treat all the ores
offered him will build, as soon as pos
slble, eo-stamp mill to operate IN
connection with his present concentrat-
ing works. The plans and .pecifica-
tlons have been drawn and are now in
the hands of Thos. W. Fisher, who
will be remembered as the mllwright
in charge OF the construction of the
Mayinnis mill.
The Anaconda Silver Mining and
Smelling Company, Of Anaconda, NJ.
T., purchased Of the Northern Pacific
railroad company, last week, 1900
acres of land at So an acre. This
purchase lies in Deer Lodge county
IN the neighborhood OF the town Of
Anaconda, where the company has
planted the largest smelling works on
the globe. The buildings and machin-
cry plant cost ST. ,75o, ,ooo,a and upwards
of 100 tons of ore are handled by the
works daily. The Anaconda company
has now total Of ten thousand acres
of land much OF which is covered
with timber.
. Work on the Montana Belle, Min
nehaha and other mines in Neihart
district. bonded by c. A. Broadwater
and Others, was suspended on the cd
inst. As the tond expires september
Ist, Ii Is not probable that operations
will be resumed before that date. We
learn that though considerable dead
work was done the mines are pretty
well developed and look fully as well
as the owners expectei: but whether
as good as MIR. Broadwater expected is
not known. The last ores taken from
the mines are very rich. andit is stated
on good authority that there is now
enough high grade ore on the dump to
pay the expenses of erecting sufficient
machinery to work the mines success
fd!lv 1t is stated that while all were
well pleased with the qualify of ore
taken out and exposed by Il, /. opera-