The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-12-19
The Elizabeth Sale Of Delinquent
Shares Takes Place In
st. Louis.
Tho Parrot Mining Company List
ed and Sworn State
ment Made.
kets As Viewed in New York
Other News.


Monday. but the result of the sale has not
reached here vet, and considerable interest
is manifested among the Helena stockhold-
ers to learn the details. The sale had been
looked forward to with interest by brokers
and others interested and it is known that
large attendance was drawn out. On Sat-
urday, the only business day before the
sale. in order to make th5 market price low,
there was a greater pressure to cell than
had been witnessed for many weeks previ-
Gus, and 50 persistently was the stock ham,
mered that the market declined fromlS2 32115s
at which the first sale was made, to 1920 on
sales of only l, 100 shares, the market clos
ing weak with sellers at 1910 and $2.l7la
bid. Massena Bullard, the company 8
Montana attorney. went to st. Louis to at
tend the sale. 1t is expected that to-dav's
mail will bring st. Louis papers giving all
the particulars of the sale.
The Parrott Copper and Silver company,
of Butte, has, as was contemplated, listed
it's stock on the Boston market, and the fol-
lowing sworn statement was filed: Incor-
porated under the laws of the territory of
Montana for mining and smelling ores.
Capital 1900 900: par value $40. About
$500, COO paid out in dividends up to date.
No bonded indebtedness. Financial
s sfassmsn' sans avesm assa $751; g.
600; mine, $750,O00; cash, copper and
silver on hand. 81. 1GS. 5ls 70; total. $2.56s.-
$3.50. L;abilities-Cap stock, $500
600: bills and accounts payable, 1926. 8O4.97;
profit and loss, $s42 7l3. 70; total, $2,5GS.-
51s.70. Directors, Franklyn Farrell (presi-
Gaylord (secretary), A. NJ. Hotter and Geo.
B. Turrell. Principal Office, Butte. Mont.
Place of registration, Seventh National
bank, New York.
Engineering and Mining journal. ID: Cop
per has become very fiat, and values are al
most nominal for all descriptions. The
large lake companies still hold out for tic,
but cannot sell anything at all thereat.
Some of the smaller companies have tried
to sell at lower figures, and secondhand
quantities of lake copper have been
offered aa low as 1515c. without finding
BUYERS 1t is understood that lake copper
is offered rather cheaper for export. There
has been practically standstill. and only
limited quantities changed hands. In Ari-
iona copper we have not heard of any
ansnctions, but it could be bought freely
at 1870. for choice brands, and even lit
tie below. Casting copper was selling early
IN the week at 14c., but it is now also OBJ
tainable much cheaper. All parties are
now looking for the leading lake compan
les to come out with their official price, and
until that ia announced q more settled
market cannot be expected.
The condition of the lead market is
The conference of the lead and silver
evidently did not impress the members very
fpr lev Co. {hn "a -. =
in the week every one of them turned out
to be an eager seller of lead, and with
pretty heavy transactions the prices gave
way from day to day until sales have been
made here at $4,000 Is, with sellers over
at the latter figure. This large decline in
values has SO far not aroused consumers
from their lethargy, and they have taken
", up only small quantities, fearing
1 1sas the the decline batto has ns not
certainly been rather large quantities of
lead coming forward, and in the present
state of the money market they are some- \
what difficult to be taken care of. Future
deliveries have now also been offered more
freely. We hear that few hundred tons
Of foreign lead, which arrived here too late.
and the acceptance of which has been re-
fused by the buyers, will be reshipped to
Europe; but still large quantities remain in |
store partly unsold. The European mar
Kets lave also SHOWN great weakness, and |
prices OF lead have come down in London
to sl2 5s. for Spanish and Gig los. for Eng |
lish. -
Boulder Age: The Comstock mine, in |
the Basin district, has shut down.
East Helena from the Won Arnim mine. |
Amazon district.
Twenty-Five cars of ore were shipped
from Elkhorn by the Northern Pacific last
week. The shipments are to be INCREASED
from now on, beginning this week.
mine, Bigfoot district. last week, showing |
q body of ore two feet wide. yielding $50 to
the ton in gold, silver and lead. The strike
10 holding out we'll.
Come In aud see the beaQt lful line Of new |
fashion boots and shoes. Presents with
every pair. j. r. Drew.