The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-09-20
RAILROADS AND MINING
The Advisability Of Opening the
Mining Exchange To b Dis
eussed To-Day.
The Champion. Crescent and Cas-
tie Mountain Mines and
Prospects,
TRAINS 70 Stop at Ravalli-LooattAg Atns
In the E1athead vallsy-Another
Probability.

A meeting OF the Mining Excnan8e'
which has been taking vacation during
tho heated tsrm, II to take place to-day. 70
ascertain the views Of the members abous
tho advisability Of resuminR operations. II
il hardly probable that business will be r.
sumed at present, owing to the inactivity
of the market and the advent of political
campaign, which is generally presumed 70
have depressing effect on business.
II ID fels in certain quarters that the time
ID not yet ripe for such an Institution IN
Helena, or in Montana for that matter, az
even the Butte mining exchange IL not q
aourising institution, and but few sales are
reported within week; and the Spokane
Falls exchange ID not bowling success
Since the bears forced Iron Mountain down,
brokers and spectators have been very
ticklish about stocks, and with the bearing
of Iron Mountain all stocks were materially
affected. Tho market does not display any
thing like the activity of the early summer
and little or no trading is being done. But
exploration work continues and good re.
ports are being made. During the past
month several hundred miners have STRUCK
out to represent"
The news from the Crescent mine 10 Of q
very fattering character and they are ship-
ping weekly four carloads of ore netting
b, 500 car. About $25, 600 has been ex-
pended on the property and the owners ex.
pect to soon realize that and great deal
more.
The Ben Kimber company has stopped
shipping ore for the present ind are devot-
ing all their energies to driving a 800. foot
tunnel.
There is now a possibility that the Cham
pion company will resume operations on its
property inside of thirty days, says the
Butte Miner. At least this is the prevail
attended the meeting at Deer Lodge last
Saturday afternoon. Az has been stated,
the meeting was for the purpose OF max.
ing the stock of the company assessable,"
in order to accomplish which it was neces-
sary to change the name of the company
the outstanding shares. OF the 10000
shares, 4l6,6A were voted for re-incorpora-
ton, while 1850 we're voted AGAINST
it. The 266, 666ss shares that were offered
"for sale' BY the company a short
time ago were, on vote Of those present,
ordered cancelled, which left balance of
only 6s3, 1885 shares. Az SIG, 604 shares are
ization was successful, and the company
will hereafter be known s.s the Champion
Mining company, the consolidated" hav-
ing been dropped. The new trustees are E.
L. Bonner, A. ii. Mitchell. N. J. Bielenberg,
Conrad Kohrs. H. H. Zenor, Joseph Ledge
and w. II. Bennett.
Miner: Profs. johnson and Churchill pur-
chased from Nichols d Goble yesterday all
right, title and interest in the Brittle Sill
ver, Chipmunk and Spectator claims, To-
Gated on Upper Quartz hill, Vipond dis
trict, the consideration being $4,000. The
gentlemen who sold the property intended
to incorporate and soil the 81 ,ck, but the
Offer made them by Messrs. johnson and
Churchill was sufficient to give them few
thousand dollars over what they paid for
the ground, and they let 1t 60.