The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-07-10

There are rumors of trouble between the
Anaconda company and the railroad. The
only railroad the town has is the Montana
Union, which is worked jointly by the
Union Pacific and Northern Pacific roads.
The Montana Union carries all the ore
forty cents per ton, this price including
switching at both ends. The grades are
very heavy, and require specially large en-
gines to do the work. 1t is said that 40
cents per ton will not cover the total cost to
the railroad. The distance between mine
and smelter is about Is miles.
OF the 100000 shares, of Major Budd,
10000 are held by St. Louis parties. The
St. Louis people were willing to advance
debt, but the other stockholders refused to
settle on that basis, hence the's sheriff sale.
Arrangements will be made, however, to re-
deem the property, which will very probably
result in making the stock assessible. The
Helena men refused the 41ac. proposition
upon them. Heretofore they have stood all
the expenses.
The Ben Kimber mine near Placer is rap
idly coming to the front as valuable
property. The lead is now four feet wide
and development continues with increased
activity. The ore carries gold, silver and
lead, and the property is destined to be.
come as rich as its neighbors, the Aqua
Frio, Pacific, Hazelton and Harris mines
which have paid and are still paying big
profits, particularly the latter mines.
Water is now being taken from tho shaft
of the Anaconda by means of the pumps
the large tanks having been done away
with. The foul air in the lower workings
it is said, is proving q great detriment tc
the expeditions repairing of that part OF
the mine, but the air-compressors will soon
purify it to such an extent that the work OF
repair can go on without interruption. ?
In a suit instituted by Emma Rowe
against Harry Kessler ct al. for the Ee
covery of $4,000 damages sustained by
plaintiff in falling down an unprotected
shaft at the Belle Of Butte mine three years
ago, Butte jury awarded the plaintiff
$1,000 damages.
Superintendent Weir, of the Granite
Mountain Mining company has informed
the officials that in the upraise in No. 9
level, at LOO feet east of the shaft he had
ounces silver. Some of the assays ran
nearly GOO ounces.
Boston & Montana has ruled between
$65A and $67115, says the E. &. M. journal
The treasurer presented statement show
ing balance of assets July of over 81 900.
COO. 1t is stated the company is makin1
$3.50 per quarter. and it is probable tn,
next dividend will be So. .
It is reported on good authority that thu
Montana Central railroad has contracted tx
haul the ore from the mines of the b. & M
Co., in Butte, to the new smelter in Grea
Falls. distance of It's miles, for 6 cent
per ton.
The Nc mine in the old Unionville dis
trlct continues to improve with every foo
of work. The company held a meeting
yesterday to discuss it's future plans, ane
the purchaee of stamp mill is being seri-
ously considered.
1t is stated that the Northern Pacific hal
made proposition to the Iron Mountain
and 0. r. q N. companies, that they viii
build spur to the mines if the companies
will guarantee to furnish business for five
years.
The 25.OOO shares of treasury stool
of the West Cumberland offered
on the market for sale we're, it is stated
sold yesterday to one person at ten cents
per share.
Rumors of consolidation between thu
Butte d Boston and Boston & Montana
companies are rife at the Hub.