The semi-weekly tribune. [volume] (Great Falls, Mont.) 1890-1891, 1890-11-05
A Very Prosperous Season for the
COmpany-Large Dividends
Paid.
NET MINING PROFIT OF Sl,229, S3458
Over 26,OOO,OOO pounds Refined Cop
per and Nearly 100000 Ounce
Of Silver Reported for
the Year.
Captain Couch. the Superintendent,
Makes IA Comprehensive Report
Of its Development.

The annual report of the Boston Il
Montana company for the fiscal year
ending June 80, 1890. is out, and it re.
veals a very prosperous season tor that
company.
The total gross receipts as shown from
the trustees report were 1924, 500 10
and the total operating expenses were
$2,O05, 1854, leaving the mining profit
for that time $1,229, s34.5s. The total
dividends declared to stockholders from
July, 1883, to October, 1890, were $3.50
600.
During the year the company's yield OF
refined copper was 26,003,6 04 pounds and
silver 1884 ,553 ounces, the total value IF
receipts with interest being $3,234,9 50. 10.
The amount paid out for labor and sup
plies was $1,5s6,4O2.57. Besides the
handsome dividends paid during the year
the company redeemed bonds to the
amount Of $4,000 and paid interest on Its
bonded debt to the amount of $6s,473.2s.
1t also invested in Great Falls real estate
for the new smelter $251, 552.SS. The
total assets were 8 ,3OO,6 500 So; the liabil-
tiles, $205, 67O.35.
The report of Capt. Couch, the able su
p~erintendent, is appended to the trustees
report. During the year 23s,93s tons Of
ore were mined, this coming from the
Mountain View, Moose, Pennsylvania,
East and West Colusa and Badger State
mines. The Mountain View has been
the heaviest producer. This is one of the
greatest properties in the Summit Valley
district, and Capt. Couch gives the toll.
lowing brief but comprehensive report of
its development:
"This mine has attained a depth of one
thousand feet plus the stump. This shaft,
as you are aware, is sunk between the
two veins or lodes. The north vein has
been crosscut at the 500 foot level (this
Is the first level below the surface in
which ore was encounteredD the 600,
700, 800 900 and 1000 foot levels respec-
lively. The south vein has been cross
cut at the 500, 800 700 and 800 footlevels.
On the 900 foot level, work in the cross
cut Is being prosecuted as vigorously as
men can do it. The 1000 foot crosscut
will not he driven until the power drills
are put in use, the compressor for which
is now being put in place.
"Both these veins, as exposed in the
many openings along their course, vary in
thickness from about two feet to upwards
of twenty. They contract and expand as
all fissure veins do. The Stopping thus far
done in both the north and south veins,
has been confined mainly to the ground
lying between the 700 and 500 foot levels.
Some above the 500 level On the north
vein, and q very little from the 800 level
up toward the 700; thus leaving the
ground from the 700 foot level down to
the 1000 practically whole"
1t will be seen by the statement of
atoms of Ore Mined that 10000 tons
were extracted from this property during
the past year. At this rate of output we
have sufficient ore exposed to operate it
five years without further sinking-equal
to 100000 TONS"
Supt. Couch speaks most hopefully for
the future. The ore reserves at present
exposed are immense, and without doing
any more development there is enough in
sight to insure a continuous run for the
next five years. In conclusion Mr..
Couch says: "Of the smelling plants l
can only say that they are kept in as good
repair as it is possible fol- us to keep
them, and We have succeeded in keeping
them In continuous operation since the
start. We shall endeavor to do so in the
future until the new and more modern
works are ready, when, If required, we
can arrange to recrush the large stock of
talllngs WI have piled up here, which,
with the second class dumps of ore we
have, and some ore from the mines, will
u present plants tor a long time to
come.
"The shortage of water here is a Sc
rious loss to us. Had we sufficient sup
ply all the tailings would be recrushed
and the shines run over tables, instead of
being run of as at present. Our concen-
traitors have a bare capacity to keep the
works supplied with concentrates, and we
have to rush all the ore through that we
can in order to keep running, regardless
OF the heavy loss in tailings. These,
however, as before remarked, will come
later, and the loss is only temporary.
"We begin this year with bright pros
poets, and barring accidents, the end will
be equally as good rs that just closed"