The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1889-05-30
DID NOT SAY 1T.
j. B. Haggin Says the Speech Ae-
credited to Him Was Made Out
of Whole Cloth.
The Copper Situation as Viewed by
Competent Authoriiy-Montana
Producers Safe.
How a ST Louis Correspondent Views the
West Granite Deal-Other
Mining Notes.

ton Herald what purported TO be a report
OF speech made by Mr.. Haggln. the own
er of the Anaconda mine, at the recent
meeting OF ths copper producers In Paris"
says the Engineering aud Mining Journal
OF the 18th inst 1--WE are Ruthoriz I'd by
Mr.. Haggin to say that this report is wholly
Inaccurate and manufactured out OF
whole CLOTH The owner of the Anaconda
Is not At all given % bOAsung or 'bluning,
and he considers it would have been dis
courteous and out OF place 70 have used
the language attributed to him BY the BOs-
ton report Though the speech was ApOc-
ryphal, il must be confessed that the Te-
porter had pretty accurate idea of the
possible cost Of producing copper At the
| Calumet n Hecla mine, and II the senti-
\ mentS expressed were altogether his own.
/ he proved himself vastly more competent
writer on the copper question than the aY-
/ erage reporter or even editor on the New
/ York dailies.
"The copper situation has not improved
much during the week. IL is even reported
as we write, that lot OF Anaconda matte
has just been sold in England al Is 1O1Sd.
per unit, an extremely low figure And
/ there Is as yet no arrangement concluded
| by which the stock of Syndicate copper
| now In this country, and which amounts
/ To fully 5000 tons, is 90 be taken care OF.
| The American producers very naturally
| insist upon the European banks taking this
copper away, so that IL may not be a men-
ace 10 our market; but IL Is certain that the
banks would like to dispose of Ii here at
our relatively high prices. should this be
attempted, the priee would go far below u
cents Tor lake copper, and, as the quantity
TO be exported by the producers would be
increased by the amount of the present
stock sold here. the foreign market would
be more iDJuriouSly affected than II the
European banks took their copper out OF
this country and marketed il themselves in
Europe gradually.
American mines can undoubtedly pro
duce copper far cheaper than the Euro
peaD, even than the Rio TintO mines, and
II driven 70 Il they will put down the price
10 point where many mines both here and
abroad will have to stop, while At the same
time the consumption OF copper will be
largely increased There is still a posi-
bility that such war in prices may be
avoided. The sooner the foreign producers
appreciate the ability of our mines 10 sup
ply the world with very cheap copper, the
sooner Will they cooperate with ours ia
affecting some reasonable working basis
for marketing the large stocks now In the
country"
ELIZABETH COMPANY AFFAIRS.
Relative TO the recent West Granite
Elizabeth deal, ST. Louis correspondent
OF the Engineering and Mining Journal
writes:
"What ITS future will be is very hard 10
determine. Well Informed mining men
vein OF value VIII be discovered, but this
Is by no means an accomplished fact, and
the future alone can determine whether OF
not after all the old West Granite was q
humbug or not There il one thing, how
ever, 20 De noted In the fEctuation of the
stock, since the deal became an accom-
plished fact, and that Is that, instead OF
eayspeiRq ~ sinpply as bad Besip antietpated
would seem from this the public were not
interested to the same extent they formerly
were, and that the parties to Interest now
adsys are brokers chiefly i cannot help
believing that a great many OF the pros
pectfve holders of The EIlza0eth are allow
ing themselves To take too Bdnguine a view
of the future of the stock, aud that It will
have many more ups and downs
than its friends are counting on"
MINING NOTES.
Articles of incorporation for the Eureka
Mining company. Of MIsrUula county, were
filed with Secretary walker yesterday.
Will conduct general mining. milling
and smelling business. lncUcpOratOrs,
JOnn r. Deiany. John McDJnail, g j.
Stoneburg and Thomas G. Marshall. Cap
tai stock, $500 ODD VA 4 shares.
Livingston Eu erprise: On last Safur-
day a thlrd Interest in tne ltnmestake mine
at Coke was sold at S1eTitfs sale 10 j. A.
Savage. who bid u in for n. l.. Frank, Of
Butte, for "a 642 70. This is a valuable
property and the price paid i far below its
real value. tut as there WAS Little cOmpett-
tiOn in bidding, the third interest went at
the above figure
Miner: The Boston * Montana is sink
ing n three-cOmDartment shaft on the
Lloyd Harris tunnel, which property the
company acquired by purchase, last fall.
The shaft Will be one Of the largest and
deepest In the camp. SDme exceedingly
rich copper ore has been struck in the
lower workings Of the tunnel, and 20 tap
this Is the objective point of the shaft
Placer correspondence: The miners
working on the East Pacific mine made a
a rich strike few days ago. They found
a new lead a fOJt wide, OF gAlena ore,
which goes S4OO to the ton in gold.
Mr.. Norris, who has the Iron Age bond
ed, discharged all his men last week. A
misunderstanding between him and the
owners of the mine is the cause of the
trouble.
Hazelton & Harris are erecting a build
ing preparatory 10 opening a store of gene
raj merchandise at the Aqua FriO mine. Ii
will be a great convenience to that busy
camp.
Boulder Age: The new superintendent
of the Eikhorn Nj ing cOmpauy's mill and
mine al Elkhorn Is Mr.. George %. Kilburn,
who was the urst superintendent the com
pany employed. The gentleman came from
Arizona q accept the position
VIM. BeTkin has two teams on the road
hauling ore from quartz lead he has near
Willow Springs, and he Is shipping hence
TO Great Falls The lead j. a very prpmis-
ing one. sam Word and Hugh 81 Quad
were out last week examining the property
with a view 10 bonding r.