The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-10-17
The Granite Mountain Deel

Nothing new has recently been learned
regarding the sale Of the Granite Mountain
properties for $4,000. 900. to the American
Investment company Of London, and there
are differences Of opinion regarding it
among st. Louis men. Mr.. John Blessing,
Of Gaylord. Blessing Il Co., puts little faith
in tho rumor. In speaking of it, he said
that. in his opinion it was q stock job affair.
Business men. such as are stockholders Of
this mine, are not likely to transact busi-
ness IN that style, giving an option free to .
syndicate on their property. Why. would
take an option on the property at geo .
share It it were given to me. believe the
rumor has been spread to create a demand
for the stock, which for the past month or
two has been perfectly dead ON the market.
Some stockholders wish to sell ont, and at
nothing in it. )"
Mr.. Joe J. Mutually was finally persuaded
that the transaction was bona 6de. 'Idon't
think, hs said, ''that that the Granite
Mountain people would enter into or enter.
tain any such deal, or give rise to any such
upon sliding scale of prices. The 6rst
5000 shares being boaght by January LIT,
1891, at $65, and afterward different lots at
higher prices. OF course, no stockholder il
Obliged to sell out, only those who wish to.
~ ~ 0ut11SAy IN 1UOAV1OU6l UI0U06CtAO0 anu
Mr.. James Campbell said that NO option
had a. yet been given, but that the Amsri-
can Investment company was eager to OBJ
tain one.
Il il the intention Of the company to issue
q circular on the subject 70 the shareholder
within the next few days.
Owing to the Fumor, Granite Mountain
has shot up in price and is quoted at four
dollars above last weeks quotations.
Copper and Lead Markets.
Engineering and Mining journal, IL: The
copper market has continued dull and
prices have remained unchanged. Manu-
facturers maintain an all-round waiting
policy, thinking that BY so doing they may
be able to make contracts at lower prices.
We doubt, however, whether this 10 to their
advantage, as in the present Aourishing
condition OF trade We do not think reduce
the contrary would have the effect of de-
moralizinR trade to some extent, and Of
disturbing confidence in the market. Con-
sumption goes on at very steady rate, and
everybody seems to be we'll booked ahead
with orders. Lake companies have not as
yet shown any disposition to make any
change in their prices. which remains at
AsNs VIZ ANVVO A]0AO VVPp03 0V LIZ AI1ZOu6
copper Of 16A@l53l, and prime casting
copper at 14ss@14k.
Tho firm feeling for this metal (lead)
continues, and the scarcity already report
ed is more marked than ever, and has now
reached point where it is almost impossi-
BILE to buy even one or two carloads. Con-
sumers need all they have (and that is very
!imited), as they have not been buying free-
" at the ADVANCE. not thinking that the
condition would be such a. it has now
proved to be. The same state of affairs pre-
wallis throughout the west, and prompt de-
lvsry lead is understandable. We have NO
doubt that with no lead coming in from
the west, and near shipments from Europe
being taken care ct and not for sale), the
advance, and not only this, but consumers
may find it most difficult task to cover
their wants unless they do so in reasonable
time. Our adyices from abroad are about
70 the Same eject, no metal beng obtaina-
October, shipment, and what there is for
such shipment viii certainly not 80 forward
until the end of October, so that the lead
will not reach here before the latter part Of
November.