The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-02-11
MINING.
~tOck-.
RnSToN. February 10. 1881
Butte a. Boston.

Butte K Boston had another bad day
and broke TO ~, and was offered on the
curb at ~ after the regular board closed
There were 1855 shares dealt in. This
Butte business is a great game. CONSOLE
dated Is came out at TX. It has lately
been impossible TO obtain bid for them
Ii is stated that the company may de-
fault on the March coupons and that
they may be bought in. Default on cou.
pons Is quite consistent with the conten-
tion that the interest would be paid be-
cause it was earned The difficulty is in
knowing what TO believe OF the sayings
about this property the so called author.
lied statements with the rest.
The Anaconda Standard OF February
says: In accordance with telegraphic
instructions which were received yester-
day morning from Boston from the
board of directors Of the Butte < Boston
company, all miners in the employ of
that company were indefinitely laid off.
and the Blue JAY Cray Rock and SILVER
Bow mines are entirely shut down, so far
as any ore production il concerned. The
pumpmen at the different mines are still
at work, together with few miners who
are doing deyelo pment work, but they
are the only ones on whom the AK did
not fall. Officials of the company here
say they know absolutely nothing az to
the reason for the shutting. down, and
that the telegram from the directors or
deriog II is az much OF surprise TO them
a. to anyone else Being completely in
the dark az to the cause of the shutdown,
they are not in position to even hazard
a guess as 20 what it, duration will pro-
badly be. The smelter aud concentration
are still running, as usual, but it il init
mated that part OF the smelter may be
shut down in few davs. liz il not be-
lieyed, however, that il will be closed
down entirely, and the supposition Is
that after the small supply OF ore on
hand runs out some OF the taiIings will
be worked over again"
~ 'HHfN pr ~
its context, in addition TO the informa-
tion conveyed. The issue OF the Anacon-
da Standard, from which the paragraph
was taken, was on Sunday, and it saws
that "in accordance with instructions
which were received yesterday morning
from Boston, from the board OF directors
OF the Butte q Boston mining company"
Yesterday morning" was therefore,
Saturday morning. - Il Saturday morn
ing would appear tn have been tn date
oil the first positive knowle ledge in Butte
OF what was 10 happen ia Butte e. Bos.
ton affairs. II tbis is true. how could
dispatch from Butte. indicating what
was going to happen, appear in Bos-
ton Saturday morning paper. dispatch
received ia Boston early enough on Fri
day evening 70 be commented on editor.
ially2 Who in Butte could have had
knowledge on Friday 81 instructions that
were received IN Bntte from Boston on
Saturday morning? The Anaconda pa.
per says officials 81 the company nj
Butte had no such Information, and were
completely IN the dark a. late as Satur-
day. II these things are established,
what follows? l. IL possible that no dis.
patch whatever WA received IN Bost on
from Blu e.? AID u 30, whence did the
dispatch originate and to what end?
VINO inspired the heavy selling Of Butte
& Boston stock on Thursday and Friday,
January 80 and 81, selling which was
followed by buying from the same quar-.
ter on Saturday. The foregoing are be-
lleved TO he pertinent queries. and they
are made IA help To put the Butte &
Boston episode 10 clearer light. It
might be added that there were hints ~
Boston on Friday week that something
was going TO happen in Butte. Some
thing did happen. Who inspired il?
The Butte Miner of SUNDAY. February
2, says: About 6 o'clock last evening
Saturday Miner reporter REALIZED at the
office Of the company in the Lewisohn
block and met General Manager Couch.
who was pleasant IA could be, but non
committal. After repeated interroga-
tories, Mr.. Couch said, Il would rather
not be quoted in the matter in any wav.
The cause OF the shut down I will say
that ] know nothing about. will say,
however, that think the affair il only
temporary and TINT the mine will soon
resume operations Will you say when?
4 cannot, definitely. IL will not be any
great length Of time, he concluded"