The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-09-25
GENERAL MINING NEWS.
The Sale of the Pettingill Group Of
Mines in Beaverhead County,
Consummated.
A Big Sale of Unionville Mining
Property on the
Tapis.
About the Fourth of July-Dividends-
The Stock and Copper
Markets.

Captain H. Prideau1 of London, arrived
in the city yesterday and is at The Helena.
He is one Of the best known English min
ing experts and has been in the employ OF
his company for more than thirty years
He was sent here few weeks ago to ex-
anime and report on the Pettingill group OF
mines in Beaverhead county, for which a
sale has been pending for some time. The
captain made a favorable report to his
company and yesterday a telegram was sent
to the First National bank for the final pay
ment of more than $4,000. The deal is
therefore closed and work on the property
will proceed at once under the direction of
Captain Prideaux. who will remain here
until everything is i'll first-class running
order. He has also been cabled to examine
other mining property in Beaverhead
= county. He is confident that the Pettin-
gill group will prove good purchase. He
has travelled all over the world and has vsi
ted all mining regions. He was in
Mexico during the greater part of last year
looking at mines. some of which he says are
wonderfully valuable. MANY of them are
finely developed, and the work is carried on
in the best possible manner. One mine
bends of $40 share.
The contamination of the Pettinpill deal
was brought abont through the instrument
tally of Horace b. Kane, who has long
been identified with the English syndicate.
In conversation with a mining broker
yesterday 1t was learned that there is q
steady demand for mines. 1t is not pros
poets that the purchasers want or claims of
visionary wealth, but we'll developed mines,
that have been thoroughly exploited, and
where value for the investment can be pre-
scented. There are several mining deals of
Importance on the taps, which will be ben
eNc1ai of great results to the business in
terests Of Helena, as they include the sale of
mines in the immediate vicinity of this
city. 1t has been mentioned frequently
during the summer that great deal of
work was in progress in the gulches Just
south OF here and leading to old Unionville
and Park City, about six miles distant. And
in this connection there has been mentioned
from time to time that some very valuable
finds of quartz were made as a result of the
development work in progress. These re-
ports attracted attention once more to the
practically deserted mineral district, and as
Il consequence negotiations were begun with
eastern capitalists for the sale of group of
mines up the gulch and the deal includes
the WlnscOtt twenty-stamp MILL The deal
has 80 far progressed that those interested
are now expecting any moment in the day
to hear that the sale has been contaminated
and kilograms to that effect are awaited. At
the most it cannot be more than week be-
fore the sale will take place. Among those
interested are Forbes ~ Davis, Williams IL
Thurber, Schwab g. Zimmerman, who own
the mill, and others.
There can no longer be any doubt that
KNOXVILLE and vicinity is still rich in min
eral. but since the place was deserted by
the enforced idleness ON the Whitlatch-
Union mines, the camp has been neglected
until the past year, and the richness and
extent of the ore found in the Mac mine
is sufficient proof of the existence
of other large mineral bodies in that Sec
ton. The proper development Of that
section means great deal for Helena, and
with the acquisition of the group which the
eastern parties are now negotiating for, new
life will be infused into the mining indus
try up there, and it will be welcomed by the
buHineaa man of Halena