The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-02-28
MINING.
stocks.


The Butte 4 Boston.
The Boston News Bureau has the fol
lowing interesting matter which may OF
may not be intended az a semi official ut
terance OF the Butte & Boston manage
ment: "Messrs Bigelow and Nelson will
IL is understood leave Boston for an in
spection Of the MERGED gold mining works
in California next month. There are now
only about thirty or forty men at work
in the Butte x Boston mines, as it ID
found impracticable, with the means at
hand, to hoist ore and do development
work Mt the same time. There is perhaps
three months supply OF ore in the east
end OF the Silver Bow mine, but the 9th,
10th and 18th levels, running to the west
in the long part of the mine, are all in
iron stone. On the 9th level the drift has
gone i 400 feet through mass of rock
assaying from so to 60 per cent in iron
and practically nothing in copper. SINH
lar iron stone has been gone through be-
lore in the Montana. but never has an
iron horse OF such size been encountered
before. This iron rock was not encoun-
tered upon particularly low level, and
II is singular fact that the drifts in il
all run toward the rich Anaconda mine.
The Rothschild investment IN the Ana
conda property was recently made on the
report OF Hamilton Smith who certified
to the rich rock 10 the bottom OF the
openings and the bottom OF the Ana
conda is 500 feet below the Butte & Bos-
ton and Boston & Montana.
at is still believed by the Butte & Bos-
ton people that it is only aQuestion OF time
when the Butte & Boston mining prop.
erty will show up better, but 1t will take
money to make the development work.
The Butte & Boston is very largely in the
condition OF man who has purchased
palace, exhausted his means, and hasn't
a cent left to buy door mat. The Butte
4 Boston has a valuable smelling plant,
but has never had the proper amount of
money for mineral development work, as
a floating debt has pressed the company
ever since its organization. Although
about 800 miners have been discharged
the men left will keep the pumps at work
and the smelter will run for some weeks
as formerly. The experiment will be
tried OF putting the Butte & Boston
amelter upon Boston & Montana Calusa |
tailngs.
Butte mountain copper ore was very
rich in it's first discovery. The first ship |
ment OF Anaconda rock averaged GO per
cent copper. The next was about 40 |
per cent, and they gradually went down
to 10 Der cent, and 1t is now believed
that Anaconda is working upon rock
averaging not more than 6 per cent cop
per. Formerly Boston K Montana ore
averaging only 6 or per cent was
thrown aside in these tailings with the
Intention OF working them when labor
Ind machinery became cheaper. At pres
mt Boston K Montana has no need of
them, and the suggestion has
been made that the Butte & Boston at
tempt to keep its smelter going on tail
ngs on royalty basis pending a settle
nent OF the Wild Biz controversy.
Anaconda Is he owner OF three-quarters
d the wild Bill and Butte & Boston
,ne-quarter.
"Tbe Boston & Montana has FIVE years
u ore blocked out to keep it's 700 miners
1T work, and it's force Of 600 men at
Great Falls. Butte X Boston has more
han thirty mining claims, and in min
raj ground has superficial area OF about
vice the area OF Boston & Montana,
,ut scarcely one-tenth OF il has ever
been opened. IL ia possible that plan
,f reorganization assessing Butte 4 Bos-
;on stock may be devised to relieve the
company OF its embarrassment and the
De the future value OF the property. At
east 81 900, 900 must be raised, and II
y, 0OO, 900 should be raised it would be
mr. better; and there is no reason why
very dollar expended upon hisproperty
the amount raised is sufficiently large,
hould not yield many more dollars In
be future. One thing is clearly certain
rom study OF the Butte & Boston prop
rty, and that is, that the mineral lands.
side from the smelter costing, $3.50, 900,
re worth more than the debt OF the CON-
any"
That is happy simile which likens
ute & Boston, or rather the manage