The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-06-30
I 66 Influence CT This Condition An
II parent Among the Butte
Mines.
Groat Increase In the Demand for
Copper with the Decreas-
I ing Surplus.
sHntorest Ct Butte Over the Reported Strike
q Logging Creek-Other Mining
N News.

OVtH copper ana Silver nave IuleO nlRn ana
strong and the influence of this condition
Of the market continues to be felt in every
way. The most conservative men of the
country are now thoroughly enlisted upon
the bull side with copper and are confident
that the highest point has not yet been
reached. They base their faith upon the
constantly growing uses for copper and tho
consequent fact that consumption has e1-
Oeeded production by $3.50 tons during
the past year. The latest reports place the
Visible supply of the red metal at about 20, 600
toms, or little less than normal, which in
tho facc Of the enormous supply with which
the year began shows a most encouraging
condition of that market. A por-
tion Of this overconsumption has
been caused by dealers stocking up
at this time who would not
buy while fighting the syndicate. but there
can be no doubt that great deal of it has
come about through the wide increase in
the uses to which the metal can be put.
Whatever may be the cause, the fact re-
mains that the most conservative capital
in the country is seeking large investment
in copper properties and some enormous
transfers will doubtless be made in the
very near future. They reason that while
copper may not stand at its present price,
the demand is assured to make consump-
tiOn for all that can be produced in the
world at standard price of Is cents, and
that makes an ordinarily good mine a ho-
nRnxa.
A great deal of interest has been felt
hero IN the reported find of John B. Doug
lass, on Logging creek, near Monarch.
Specials to this city state that he has I'M
covered 10 feet of a 7h-foot vein bearing
gold, silver and copper which will average
ii the mass 1900 to the ton. Should this
prove to be true the find will be the great
est ever made in this country, and a num-
Der of old miners are preparing to
selves the condition of affairs and
word also comes from the Champion dis
trict that the richest find of the season has
been made on the 800 and 400 levels OF tine
Champion mine. This is the best developed
property in the district and has always been
regarded as the best, but this new dis
covory will put it easily first. The find was
made some time since but was kept quiet
Tor many obvious reasons. The full nature
Of it is not yet known to the outside world,
but enough is known to run Champion stock
mp from 23115 asked to so bid with no sellers
in one day. This district is among the
most promising in the state, and the good
future Of the Champion people means a
great deal to all the others who have money
invested there.
Of the week has been the number of mines
that have been leased and started anew
The increase in price and the general i'm
provement in conditions has made possible
the working of q good many properties
heretofore considered almost worthless.
It has also renewed interest in a
we'll. but abandoned for one cause
and another. Perhaps the most important
Of these was the Rock Island, which was
started again with all the usual ceremonies
last Thursday. At one time in the history
OF this camp the Rock Island was paying
we'll and the general opinion now is that
the men who have nerve enough to invest
their money in it are certain to make good
thing.
The great properties are pushing improve
ments in every way and are generally pre-
pairing to decrease the output for the next
year. The warrant for this they find in the
increased consumption of their product
and the increase of the surplus making it
almost certain that the demand upon them
ended. Especially is this the case with all
the Anaconda mines, extensive improve
ments being conducted in every one of
them. The water is nearly all out Of the
Anaconda and st. Lawrence and 1t will not
be long until they will be opened up and
others are being developed, their machinery
improved and enlarged and everything done
necessary to doubling their output. The
! same can be said of the Butte j. Boston
duO Gu0 DUstOu O. MOuLAu6 COIup6ul0Ss
both Of them being engaged in the same
good work. The Butte j. Boston especially
Is preparing for the good day to come and
is putting in a 400 ton concentration to be
made upon the newest plans and with the
latest and best machinery. The same gen.
eral activity is to be seen throughout the
camp and all appear to be working upon
certainty, SO little doubt is there of a con-
tinuati0n of the present conditions,
The same may be said of the silver prop
i critics they, having received IN infusion of
new life through the rise in the price of sill
yer. The Alice is keeping every stamp
dropping and running day and night with
silver at 1.04 and even more. Developments
II ore being pushed on the lower levels here
and some very favorable finds have recently
been made on the 1900, 1900 and 1000
levels.
In q general way it would be difficult to
imagine a more favorable condition of at
fairs than exist in this camp at the present
time. The properties that have already
made fortune upon fortune are preparing to
double their work of the past while others
Of less value have become producers of no
mean merit. Every interest has been
greatly improved and the city is better in
every way than it ever was before.
The Yellowstone Mine.
Tho Yellowstone Mining company has itl
affairs now in excellent shape. A force OF
xrAn have been stOninp and hoistino ora for