The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-02-07
stocks.
Boston, February 0. 1895
More About the Butte 4 BOs-
tom.

From the Boston News Bureau: I'VE
have obtained the following information
from the Butte 4 Boston Office: The
Developments which have been going on
the past three months, and through
them, 1t rs expected, in March that the
company will again make a larger pro-
duct at a good profit. Meanwhile a
smaller product than heretofore will be
made with a much reduced monthly ex-
pense, on which a fair profit will be
shown. The success or failure OF the
Butte & Boston has no bearing on the
prospects of Boston 4 Montana, as the
only vein OF the latter which runs into
any part OF the Butte 4 Boston is CON-
paratiyely an unimportant one, and
even this has lately shown much improve
ment, which is an encouraging feature
for the Butte & Boston.
''It should also be remembered that,
while the Butte ( Boston company has
but little reserves OF ground in sight, thus
necessitating present development work,
the Boston x Montana has over five years
OF reserves opened ahead. based on it's
present yearly output. The recent re-
port OF Messrs. james ID. Hague and
Hamilton Smith, iavoring the purchase
Of the Anaconda shares was based upon
the strong appearance OF the VEINS in the
deepest portions OF the mine, showing in
their opinion the permanent character OF
the veins OF the Butte district
Moreover, it will take good deal to
disabuse the public mind OF the notion
that the present predicament OF Butte &
Boston is not TO some extent due to the
expiring option on the block of stock in
cluded in the assets of the Davis estate,
which was expected TO be distributed in
March next. II il il coincidence that
the present condition of affairs develops
at this precise time, IT is at least remark
able. 1t does not answer to lay the
blame for the present status upon the in.
junction against operating certain min
ing claim. The situation was probably
embarrassing prior TO the Anaconda
suit. Why was not the property
opened up far enough uhead so az to
supply the reduction works steadily and
iully2 What is there to showJor the pro-
ceeds of 100000 capital stock and
$3,500,0O0 bonds issued upon the prop.
erty? Butte * Boston has been declared
rich property, fully as rich as the Bos-
ton Montana, and yet the one has been
made great success and the other is at
least a partial failure. The responsibility
for this difference in results ought to be
placed. Success or failure in mining is
often question OF management"
From the Boston correspondence OF the
New York Stakeholder: lit is good opin-
ion in electrical circles that Mr.. C. c. Col
fin is not long for the General Electric Co.
Every time that Butte CON-
mences to rise block of stock IL thrown
on the market to depress il. This has
been the program for months and IL due
to the Efforts of the insiders TO keep the
price of the stock down until the Davis
will contests settled and the Davis stock
is distributed. '-BOston Herald.
The following is takenfrom the Boston
Daily Financial News OF the 4th inst:
GAS considerable interest attaches lust
now to the outstanding bonded indebt, |
edness of the Butte 4 Boston mining |
company, the following official figures |
may be OF interest. The first issue of |
bonds amounted 10 81 600, 900, payable |
in 1898. Later an issue of new CONSOLE |
dated bonds was authorized, amounting |
to 81, 500. 900. or the last issue $500. |
600 il still held in the treasury and $I,-
900, 900 is deposited against the redemp- |
ton OF the old ISSUE. thus leaving out |
standing 81 100000 Of the first and 81 |
900, 900 81 the second issue, n total of |
$4,000 900 at per cent interest, max
log total fixed annual interest charges
$4,000"