Helena weekly herald., 1886-04-15
TOWN AND TERRITORY.

Drum Lummon stock in the London
market to-day was quoted at 165 shillings
-125 shillings above par.
The tunnel craze has struck Butte. A
company has been organized there to tun-
mel several claims east of the city.
Drum Lummon stock (the Montana
Co. Limited) was quoted in London yester-
day at e7 los, five pounds and three-quar-
tiers above par.
"A full force of stone cutters and other
wOrkmen started in on the new court
house this morning. The site of the
building now presents busy scene.
-Participators in the late Missouri Pa
cifc strike, vino lost their positions, have
reached Montana already. Several are re-
ported in towns east of here looking for
work.
The new cana. and dam at Sun River
have been completed, and the danger of
washouts from spring freshets, similar to
those of last year, is thought to be averted
for good.
The Montana Company (Limited)
have commenced the sinking OF a shaft
from the Maskelyne level of the Drum
Lummon mine and intend tC put it down
4U0 feet.
-Chas. Roth. living at Nine Mile coulee,
near Benton, while digging well on his
place last week, struck a vein of excellent
coal at the depth of tnirty-fve feet from
the surface.
AS an evidence Of Helena's prosperity
it may be stated that the hotels are taxed
to their utmost and vacant house is
scarcely obtainable in the whole city. The
demand for tenements is simply surprising.
The name of Kentucky. he Idaho
town in the C;eur dAlene's where the
works of the Helena Concentrating Co. are
to be built, has been changed to Wardner
and a postoffice will shortly be established
there.
The new mill at the Drum Lummon,
to be completed by September 1st next, is
to have sixty stamps instead of fifty, as first
announced. This will make the capacity
of the Montana Company's works 100
stamps
Pope & O'Connor, the druggists, have a
new attache to their firm in the person of
Mr. Chas. Collins, a new arrival from the
East. Mr. Collins takes the place of Mr..
Chas. Stuart, who is now in a situation at
Faynter's drug store.
John O'Neill, the hotel man at Garri-
son who was burned out a short time ago,
has commenced the erection of new
hotel on the site of the old one. The new
building will be twice as large and much
more convenient than the old hotel.
The Choteau Cdlumet, a weekly paper
of recent establishment, was involved in
the failure of Hamilton & Hazzlett and
went into insolvency simultaneously with
that firm, which owed the paper S1,700.
1t is doubtful if the publication of the
Calumet will be resumed.
The Granite Mountain mine paid
dividend of % cents on the share the 7th
inst This makes the seventh 100000
dividend The mine has paid its stockhOld
ers. The stock is selling in the New York
market, when sold at all, on the basis of a
capitalization of the property of S12,O00,-
600.
"A gentleman who took a drive south
of the city yesterday, in 1.-THE vicinity of
Tucker and Big Indian gulches, reports
evidences of renewed activity in mining in
that neighborhood. Several new strikes of
quartz have been made this year there,
some of them assaying up in the thousands
per ton.
1t is reported that certain Montana
holder of Drum Lummon shares thought
that the advance in the stock had reached
its highest point last Friday and sold out
all he had on that day. The rise in the
stock has continued right along, and it is
now estimated that if the gentleman sold
out on Friday he is just minus $4,000 by
yesterdays quotations.
Minneapolis Tribune: C. A. Broad
water, of Helena, Mont, the moving spirit
of the Montana Central railway outside of
Mr.. J. J. Hill, was in ST. Paul all yester-
day, and for most of the time was clOseted
with Mr.. Hill To Tribune reporter who
encountered him, Mr.. Broadwater said
that "the Montana Central was not to be
bluffed out by the preparations now making
to parallel their line" He expressed him
self as very confident that the Northern
Pacific would never build the threatened
parallel lines, and that if they did, the
Montana Central had or would have moth
ing to fear from competition.
FINAL PROOF.
A Circular from Sparks on the Pre-.