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

AOu0A 6,Vo7Oo71
The outlook for the ensuing six months ia
even more encouraging from a dividend
stand point. This great Bi-Metallic mine
which has probably the most complete min
ing plant in the United States, and which
is the near neighbor of the Granite Noun
tain mine, has paid for it's mills and tram
ways and is now earning $6O.0OO per month,
will to-day pay its first dividend. As the
company intends to increase it's reserve
only $4,000 will be paid, or Is cents per
share. An officer of the company is author
ity for the statement that the Ri Metallic is
in position to keep these dividends up
regularly each month.
The Boston d Montana Copper company
will pay August to stockholders on record
July z, dividend No. IL of $1.5O per share.
The Montana Co. Ltd. Drum Iummon)
will pay on the 18th inst. dividend of 6
cents per share.
The Iron Mountain will during the pres
emit month declare q dividend of $25 900
and will continue to do SO monthly, it ia
stated on good authority.
company known as the Big OK makes
the following indefinite announcement:
''The company will pay dividend No. /
fore Christmas, and every ninety days
thereafter" In what year is not stated.
The market remains very firm all round
and all indications favor continuance of
this condition of affairs for some time to
come, says the Engineering and Mining
Journal in its weekly review of the copper
market. The oonsumptive demand is ex-
cellent and instead of there being any signs
of over production, stocks are steadily and
rapidly diminishing. One transaction in
lake copper at 1870. per pound on dock
New York is reported during the week, but
the price generally asked by producers is
17c., under which figure nothing can be
bought with the exception of perhaps few
odd lots in the hands of second holders,
which might sell at 1910. For casting
lately and some very large transactions in
these brands have recently taken place at
full prices, although the exact details have
not been made public. The quotations
may now be given as follows: Lake, 1910
l7c.; Arizona, 151ac.; casting copper, l4sza
In Europe the smelters seem for the mo-
ment to be pretty well supplied, and this
fact together with a pause in speculative
operations brought about moderate re-
lapse in the London market for Chill bars
and D. eeRper which sa gave way
spot, and E57 12s. Cd. to e57 lbs. three
monrhs, but this decline was afterward
rapidly recovered, and to-day's THURSDAYS,
closing quotations received by cable are
spot, E5S 5s. to e5S rs. Cd, and futures E5s
lbs. to E5S It's. Cd. For the second half Of
June the statistics of visible supplies exhibit
a further decrease of 5000 tons, which witt
the decrease of 5000 tons reported in res
pect of the first half of the month brings
the total decrease in June up to the extraor
binary fgu: of 5000 tons.
w. c. Buskett, president of the Penn
Yam company, is in receipt of good news
from Mr.. Comstock, the oompany's man.
ager. Last week it was stated that GROSS
cut was being run from the 20O-foot level
1t was expected to tap the lead within
twenty feet but the cut was run twelve feet
further, where the strike was made and the
ore is of the same class as that found in ths
upper workings at and above the 10O-foo,
level. but the body is larger and richer II
quality, and at last reports the lead wal
penetrated % feet without finding the wall
They expected to 60 through it after ter
feet more has>been driven. After the full
width has been ascertained drifting will bt
prosecuted on the vein until the Penn Yanr
shaft has been reached. The pres
emit strike was made in the Blue
Bird lode part of the CON-
pany's property which Immediately joins
the Penn Yam. When this Contemplate
development ID made ore shipping will b,
resumed. The Penn Yam 10 gold, siive,
and lead proposition. 1t 10 in the ricl
Cataract belt OF Jefferson county ON thu
same line - the 2inah from which it ison,