The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-12-19
DROPPED 10 slXTY-0NE,
Elizabeth Stock Reaches the Lowest
Quotation in ST. Louis in
It's History.
Faots which Prove That There
Is Plenty, Of Rich Ore
to Ship.
Vs.. From the Castle Countrywide,
strike Reported In the silver
Bell Group

,rbe bears in st. Louis are still hsmner
inc nwav at Elizabeth. For the past sls
weeks they have been Mt it, and have driver
II from over So a share down to 6l1a' the
lowest it has reached since the West Granite
~syndinate took hold Of it. About two weeks
ago Ii went TO rs. but there was a rally, and
n advanced in q few days to 81. Then an
other determined fight was made upon IL
and aided by the lack of encouraging news
from the property, on Thursday 1T went to
6lk. closing that day at 65. Montana men
who know the mine, say there IL nothing 70
instify this raid on the stock, ana they 40
count for it on the ground that some one u
anxious to force the small holders to sell
and work to get this stock as low as pos
a;hle. In a recent issue of the st. Louis
Hannhlic there is a letter from Philipsburg
touching the status OF the Ellzapeth, ana
Helena men who know the facts, say the
story is u true one. The correspondent
nays:
/. il being rumorsd around that the Ellz-
abeth company is likely to close down IN a
short time for want of funds. This may or
may not be true, but is it necessaryI AZ
cordinc to the reports of tbs superintend-
ant ii il not. 1t is generally known that
the vein upon which the company nave
concentrated their work for the past lew
,~nnnths was struck north of the shaft at a
depth of 455 feet from the surface. The
vein was followed east right into a noun
tain some 500 feet or more without nnalhR
anythinp anything of Importance, put
there they struck ore which held ont -
fat. nh rich ore would average one foot
n width and assayed as low as fifty ounces
md az high as 1000. BY the side OF this
rich ore was from one to three feet of thirty
Eve TO t%fty-ounce ore. As the drift APP
proached the eastern end lines OF the Eliza
beth claim this chute of ore gave out, and
another cross-cut was started to the north,
where, should they strike ore, it 10 more
than probable that the apex wonld be on
the Bi-Netallic conlpany's ground. About
Inc last work the Did West Granite COM
pany did before giving up tbs ghost was 70
take a carload of ore out OF the Butte cross.
ont which Melted them about I!3 ounces OF
silver per ton. This ore was taken out
about 100 feet fren the eastern sna iinss o.
the Elizabeth, on this same vein IN which
the late chute Of ore was strack, ana about
376 feet FROM the surfaces,
N late strike was 800 or 800 feet from
the surface and something like the same
distance from the end line. 1t does not re-
quire q very lively Imagination to connect
the two. and if it is the aame chute there Is
about 500 feet of good dry stopping above
them in the east drift from the shaft, which
according to their own story is very. rich
and 124 feet in length. This ore could be
taken out very cheaply, in fact, the present
force conld put IN the aurfaco ready for
shipment about $1,0U0 worth OF IT every
day. But for some strange reasons no effort
is being made in this direction.
Some people will at once jump at the
conclusion that the strikes above detailed
and reported by the superintendent were not
true, but such is not the case, az, while the
superintendent may have at times MADE ex-
arperated reports, he is an honest and con-
scientious man and in tho main his reports
have been correct, but the management app
pear to be determined to forcs the stock
down a. low al possible"