The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-12-09
The Elkhorn Mining Company Will
Pay q Handsome Christmas
Dividend.
A Prospect Of Great Promise
Found in Missoula County
on Deep Creek.
Drum Lummon Output for November
News of the Lone Pine-Madison
County Mines.

OC0 instant, QoClAIeu AVS iokuA"A NeAeA eoA -
dividend Of $4,000. with an extra dividend
of $4,000 as Christmas present to the
stockholders aggregating together 500, 600
or so cents per share. This is for the three
months ending November l. During the
first quarter of its existence under the pres
ent management the Elkhorn paid $4,000
dividend. The next three months the divi-
dend was $4,000, and now 500, COO divi-
dend is declared. In nine months the prop
erty has paid $225,OOO, or about 37111 per
cent. of the capital stock, and at this ratio
in three years the property will have paid
for itself. This is certainly most excel
lent showing for property that changed
hands within a year. and is grand adver-
tisement for Montana's mines. That the
Elkhorn is we'll managed there can be no
doubt. The report for the year Of the oper
atoms at the mine will soon be out,
and it should be one of great interest.
1t is understood that the mine is looking
better than ever, the ore reserves on the
1,15O level being extensive and rich. The
present hosting capacity is about thirty
six tons per dav. A new hoist, with sink
ing capacity of 1900 feet is being placed in
position and an increased output Will IN.
doubtedly follow. The extra $25.O0O added
serve fund which is understood to be in
healthy condition. Last month the COM
pany had 1913 men on the pay roll.
j, K. Pardee, the energetic and well
known mining expert, returned last night
from visit to the Deep Greek mines in
Missoula county, where he is largely inter-
ested, and the result of his visit has been
the discovery of miniature Iron Mountain
mine. He brought in some ore which at
tracted the attention of those saw it. It
comes from Little Anaconda, located one
mile and half from the Iron Mountain,
and Mr.. Pardee thinks it one of the finest
prospects in the Deep Greek country.
He received telegram which had been
waiting him here from Allan Mcdonnell, Of
it rich in the New Departure" This prop
erty is located east of the Granite Noun
tain, and Mr.. Pardee will start for Philips
burg this morning to see what the strike
amounts to.
MARYsv11LE, Dec. Especial. The
output of the Montana company's mills for
November is as follows:
TIE DRUM LUHIMoN MINE.
Fif!ty,-stamp millions crushed s'sol;s ~ mn
Tsnsstamp millions crushed, sis; ~
Sixty stamp millions crushed, $780, :, 49,
yield. Observation-Disclosures. ............ zo,Soo
Total. $4,000
Working expenses lenses for o.: m onth, s57,5Oo
Charles Stewart, who has lease on the
Filing. Mckay 4 Baker mine, on Wisconsin
creek recently received returns from twen-
ty-five tons of ore shipped to the Colorado
- IL Oh "a ol u1x,
$4,OOO-$160 per ton. He says that he has
plenty OF such ore in sight, and that, if we
had railroad up the Ruby valley, he could
make regular shipments of ore that assays
from $50 to $75 per ton, which he is now
pay to ship at the present high rates of
transportation, but which. would yield a
fair margin if it could be shi pped from the |
mine by rail. There are hundreds of just
such mines as this in Madison county, |
which only await the advent of railroad
to make them dividend payers to their own
ers, instead of being expensive burdens on
their hands, tie the extent, at least, of hay-
ing to represent them one year after anoth- |
er, in order to hold them. Madison county |
has other wants, but her chief need is rail-
road, and when she gets that, her other nec-
essities will be quickly and easily supplied.
We learn from Sheridan parties, who
we're up this week, that another rich strike
has been made in the Toledo mine. The
on the mine has been shut
down for the winter, but work on the mine
will be continued, and the extraction of
ore kept up. 1t is claimed that the net pro-
duct Of this mine, since january 1st 1890, is
O.O0O, and that the output has gradually
each month, MS development has
Mayor Fyhrie went up to Dewey's Flats
Monday to look at his mining interests,
which he states are looking fine. The Lone
Pine stamp mill, running ten stamps, is
working night and day, treating twenty
eight tons of ore, which average fifty ounces
silver per ton, each twenty-four hours. The
Lone Pine is therefore producing in cold
bRures ! 400 ounces of silver per day! No
wonder the genial mayor smiles when he
thinks of it. The mine and mill employ
about thirty-five men. The supply seems
almost inexhaustible and there is enouoh
ore now in sight to keep tho mill runninp
light and day for some time to come !,
Dillon Tribune.
The Cdur d'Alene company, operating /.
he Poorman mine in Northern Idaho, is !,
low paying regular monthly dividends. ,
The December dividend, aggregating $685.
700, was declared on the I'd instant. Cnur Z
l'Alene stock is held largely in Helena,
suite and other Montana towns.
Go to The Ee, Hive fer Christmas presents.
Take it before breakfast" DR.. Hen,ey's Engs e
ish Dandelion Tonic. .
Snnsp Of Gnnr~o t..