The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-08-02
GENERAL MINING NEWS.
he Frisco Company Keeping Up
It's Enviable Record as ! Div
idend Payer.
Progress Of Work on tho Mlix-
abeth Lode Other Philips
burg MineA


The Hslsna q Frisco Mining company
again comes smilinaly to the front with an
other dividend Of $1,000, declared and paid
yesterday. Thisremarkable dividend payer
paid dividend No. only July 25, making
81, 900 paid last month, and with yester-
days dividend they have paid $4,000 to
data. and $4,000 within the past 80 days.
The company's average product 10 $4,000
: month, and operating expenses $1,000.
Il was reported some few days ago that =
strike had bssn made in the Copper Bell.
but II d stated ON good authority that this
was only the result Of vivid imagination.
though within abort time the company
expects to be able to report good strike.
a letter vas received yesterday from t ~
the effect that In crosscuttinR from the
Wallace tunnel to tap the main lead strike
Of seam Of ore sight inches vide had been
made that will assay $176 per ton.
Information reached the city yesterday
that the Champion mine and mill would
suspended pending the reorganization Of
the company with assessable stock, or
whether the move is an effort to freeze out
stockholders is matter for conjecture.
The latter theory is barely probable from
the fact that under strong bear movement
tAo oGOoA Ado Uoeu AOgCSO W very AOW
point.
Philipsburg Mail: Judging from all ex-
ternal appearances the Elizabeth (which is
more generally known as the old West
Granite) is making up for time lost during
the many months in which the property was
bound up in litigation. The sinking Of the
shaft continues in country rock, but just
what the developments have exposed no
one except those on the inside are able to
ascertain. There seems but little doubt re-
garding the surety of the Granite vein, or
q fraction of it, in the Elizabeth claim, and
that the company are we'll aware of that
the largest and best in the state, and the
machinery is heavy enough to carry on
operations equal to the Granite, and all adj
vances show that they have confidence in
the property. A new road has been graded
from the hoist to connect with the Granite
ments are continually being made.
Crosscutting to the ledge in the Buckeye
in now under way and the work is being
pushed ahead as rapidly as possible with
two shifts. Tho indications in the crosscut
at distance Of ten feet are quite favora-
BILE. Many small stratas are coming in car
rying good minera! strains in blue granite.
Lately there have been numerous mining
men on the ground viewing the property,
all Of whom are we'll satisfied with its ap-
pearance.
A number of new prospects are being de-
veloped in this vicinity, making quite lit
tie activity in that section once more.
John Kinney has tunnel run in dis
tance of 100 hundred feet ON the Red Cross
claim, which is adjoining the Buckeye. He
expects to continue it at least 15O feet
further before reaching the first vein. Mr..
Kinney is very hopeful in regard to his un-
dertaking, and in less than 800 feet tunnel
ing he expects to out three veins. which, &C
cofding to the surface indications, will
likely prove remunerative.
It is said that the Granite Mountain and
R-Metallic companies of st. Louis are MAX
ing extensive purchases on Ruby, in the
Conconully mining district, Washington.
The Antler, purchased by them few weeks
ago for $4,000 cash, is being vigorously
worked, and all extensions and abutting
claims ara being absorbed as fast as they
can be obtained. All Ruby hill locations
are in active demand just now.
Huahandman (Caxtlo diatrintl. Thara IA