Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1889-11-09
FOR BULLS AND BEARS
A Mining Man Shows the Ne.
cessity Of a Local
Stock Exchange.

i'd Stock Exchange.
q. Al Interesting Letter From
re Montanian Who is in
n South Africa.
a From Wednesday Daily.
A prominent mining man, unbur( enei
himself to a MINER reporter yesterday al
follows: Butte needs a stock board anG
needs it badly. Mines are being incor
= to give the stock OF an incorporated mine
: a market value it is necessary to list it on
the st. Louis stock board. The city oil
Butte is a mining center, the village OF st.
Louis is not; and yet it seems strange that
! every share of Montana mining stock
/ should be bundled off to st. Louis in order
, to find q market. If a man on
the street or anywhere else is asked
the price OF any stock, the answer
invariably is, it was quoted at st. Louis a
few days ago at such a figure Are not
the brokers OF this city capable OF success
fully manipul ting their own stocks? St.
Louis has fer some time past been handling
Montana stocks, and it is now time for the
people OF Montana in general, and Butte in
particular, to be their own agents."
"Some time ago an eff ,rt was made by
local brokers to organize a board here, but
as there we're those among them who are
always ready to lick before they are kicked
at, thescheme failed I r want OF few leaders
who by a bold front and a determination
to organize in the face OF the weakened
opposition, might have accomplished tie
object desiI ed. The only explanation Of
fered by the kickers for their opposition
was that they thought a stock board in
this city would not pay. Have they ever
made the test? Not so far as heard from,
and it is therefore time for them to sty
that a stock boari in this city will notpay
after it has been tried. Let some one OF
the bulls and bears OF Butte possessed of
a little determination and Wall street
head step forward and make a reputa- |
ton for himself by taking the initiatory |
steps toward organizing a stock board.
Strike at the Volunteer.
Rumors of a rich strike in the Volunteer
have been floating to the breeze during the
past three days, but it was not until yes
Jerday that anything definite was learned.
The Volunteer is situated on the fat west |
OF town, in a quiet ne%ighborhood, and has
been for some time working along in an
unostentatious way with q very close
m nT1fhnN nrou nj ,,op In sau ~f %Lo fon4 |
OF the reported rich strike at the mine, a
MINER reporter repaired to the property
yesterday for the purpose of making some
inquiries regarding the find. The only per-
son present was the engineer, who was
doing double duty-%running the hoist and
dumping the buckets after they had been
hoisted to the surface. After q %mutualsize
up OF each other the reporter asked the
engineer how deep the shaft was. II don't
know, said the engineer. "Got my ore
down there?" asked the reporter. "Idon't
know" After three or four m Ore Questions
bearing on the find had been asked, to all
OF which the same II don't know" answer
was given, the reporter vent put onto the
dump and examined the waste rock which | ,
being hoisted from the shaft. Among ,
it was some ore that would p1ssibly assay :
or 80 ounces silver, and the conclusion =
was Immediately arrived at by the seeker :
OF information that q ri:h strike had been .
made and that the ore was being separated =
rom the waste before the latter was al :
owed to ascend to the surface. Finding it :
mine regarding the strike, the REPORTER Re. :,
turned to the city and hunted up some of +
ne men who are to a considerable extent n
in the find. From them it was q
earned that about ten days ago sinking on y
ne Wlnze, which is about 400 feet west of ~
ne ehaft. began and a few DAYS ago re y
uited In developing a breast of pink man -
anese ore 4 feet in width, average ASSAYS IL
rom which ran 80 ounces silver. On the 81
ootwall a streak OF ore 4 inches wide a.
,nlcn Will assay $50 ounces silver was ~
lscovered. 1t was also learned thatlumber VI
TO De used in the construction OF D
re bins had been ordered, and that as ~
place could be made for the ore it would g
9 hoisted to the surface and assorted. = ~
wagon road will also be built around the a.
Jump Tor the convenience OF teams hauling ~
le ore. Before the strike was made the Iot.
rlncipal owners of the property were ="
curing on levying a Scent assessment, but nv nv
le foreman says he will now take ont ore G.
cough to pay all expenses and more too. &C.
the stock sold at 8 cents Der Nv
but holders are now..asking 25 forit.
As to the Anaconda,
independent: 1t can be stated with a !
If degree of accuracy, that the Anaconda Luz
6nerv will bo ,ooo+od % O.. - ter
ID this is stated Oh no less an authority wa
an the Hon. John r. Toole, who is "a
y prominently connected with Manager sA
DAILY. Mr.. Toole has been for the car
three montbs n,osta,... ~ frol
rec Forks scheme. Mr.. Toole. who ia mel
The city, told an Tndsnendent $500 any
t night that IT wos +ha eoioe can
ID at Three Forks. The Anaconda ou ~
npany bonded a large tract of land -.
re from the English syndicate which rive
ns 1T. Competent engineers have been gon'
work looking up the water upply. The ran!
ter power has heen oivon . pt'y. prai
eful and dilipent scrntinv 20 1870" VI BARI
'thern Pacific railroad company, whic ooIo
9nered the Anaconda company induce mmihn
It's to build at that point. Bnt it. bHs It:e
? ascertained that the rivers at Three poul
ks will not supnlv the rres.n,o. betH
IN a refining plant. thou
the other hand, MI. Toole saws. the
'ltooa railroad company has Offered DUN
large inducements to have the electric .n'ae
lery located at Great Falls. The Boston tests
company have decided to build nnil'
9 and Mr.. Toole thinks r. nnok.un was
his company will decide ~ Ioo" the o
g as it T, ouires 10 00O horso .oo"oe the I
Or pressure. and the Missonr; 80 VI is tn,
1t Falls will furnish that and ten times from
much more. Three Forks oonnHn frum
time furnish the necessary pres great
and the Anaconda company has had Is on
Igh experience with water to be per- $Io,l
? sure in the future that it shall have OF ON
~ of water, It was snnnosad 4Is mine
the smelters were erected at oaa dale
the Warm Springs creek wonid snnn were
of water, and now there ia barp5diy woulC
gh for actual need, ~ it, an
Q Manitoba at present holds flo OF the
and as their offer ia mncb hettar - fashio
OF the Northern Pacific company, and out m
g inferred from this eonversat;on +L wy few m
company intends building a oonno. count
ny it will be located at Great Eerno rens il
there is sufficient water mover for road,
dozen other refneries. The rosrlt ~ sumeC