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

A Dividend Declared-Brixht Outlook Of
the Drum Lummon.
On the 18th inst. the old reliable Drum
agRregating $4,000.
The half yearly report of this (the Mon
tana, limited) company has been received,
and, as usual, is concise and comprehen-
sive, containing much general and detailed
information of the affairs Of the company.
During the past six months, ending June
80, the total output Of the mine was
$50, 1888. The operating and permanent
improvement expenditures were $685.. 276. 48,
a decrease Of nearly $4,000 - compared
with the expenditures during the corre-
spending period of 1889.
The following, taken from the London
directors report, has double interest to
Montana miners. Besides furnishing news
Of the Drum Lummon yield, it shows con-
clusively what effect. in favor Of the silver
interests, free coinage measure would
have had. The report says:
During the six months ending 3Oth of
June, 1890, the mills crushed Sc, 982 tons,
producing yield in bullion bars and con-
centrates ON assay Of $50, 768 1888 equivalent
to $14.64 per ton, but the actual realized
value of the bullion and concentrates
to only y, yie 5s5 giving az az
enee being CSC, 99S.2s OF 14.19 per cent.
GAS stated in previous reporfe the differ
ence between the assay value of the Weld
and it's realized value results from the de-
probation of the market value Of silver be-
low the United States standard value of
+ 81. ~ per ounce: and also from The cnst al
carriare and smelter,a oharoea. On ssies II
concentrates. y
The reports of General Manager R. T.
both agree in SAYING that the future Of the
mine Vas never batter. 4 craat daal Of
prosnectino work NAG dnns rsnressrt;na
e 1K linear feat. Imnortsnt i, AZ ~nrI "a
+ the past ain months has heen tha devaio,,-
ment and discoveries in the Emn;rs iodo
ahoot. 400 feet leveI-Th;s .hoc4 hs. ~
been develoned for : lancth of Sao fest. snJ
has placed at our disnossi ahnnt m nm tons
Of ore. 4 cnnnection IN 49,, vcsS~ -;th
the Crusa level thronch !. .hast On ~
lone. which oives GOOD vant;iat;on In r.. =.
been reooversd from 49, -, vorl;n0 o ". =.
owing to the foui air. oniv to ar Sr;i,ss
could ha vorkad Il III. r"rt;c, ~ Az
mime. The ore carries :rnhv ana hI.rl- .mio
phuret Of silvar and fr.e oo,S ~h;ch 'o 1,ccmr.
n thin strsts parsilel V,th The w.ii. ~ the
nuartz about al feae thicI So, y. =. - th;.
ore Tin assay M hich ~ 9an, rer ton. .nI
the ayeraoe Of All asssvs tsIen fra,,, thu tha
face from dav to dav 0;1es va ire
Of 1880 per ton: ma assava raro;rs,
from Is M 70 Sl72 per ton. All resnlts h;ehakE
sion. The north face il ia orr Ava feat
thici. showing an average value Of go ner
tom and the indioations Are GOOD for I'm
tinuation of this ore body for q consider
ahle distance further into the north ornnnd.
have no hesitancy in sayinr that r. viii
aiso continual I'M depth below the 40D-feet
level. THE sOO-feet level is being driven to
nndercut This ore body which will be ac-
,omplished in about three month"; time;
and intermediate levels will be driven be-
tween the 400 and Cruise, expect this ore
portant ever encountered in this mine."
NJ. honanson also mas TINS to say con-
1T one ohs sIso 10 he understood that thu