Red Lodge picket. [volume] (Red Lodge, Mont.) 1889-1907, 1898-08-13
The Republic will probably begin pay

The Republic will probably begin pay
ing dividends about October 4. Recent
shipments have practically cleared off all
the Indebtedness of the company, paid for
all the development work done on the
mine and for the mill and the property
has now entered upon the work of paying
dividends 1t is planned to pay $4,000
per month and if nothing unforeseen aris-
cs these payments will be made with
great regularity, yielding to the stock
holders 100000 per year OF 60 per cent on
the capital stock. A little more than a
year ago Republic stock was sold at 10
cents per share. There is practically none
upon the market at any price today.
Armstrong Goes to Omaha.
l.. X. Armstrong left last week for
Omaha to take charge of the exhibit Of
Washington ores in the mining building
shipment was made Monday. 1t was a
full carload and when Mr. Armstrong be-
gan to collect all his cases and get them
in the car he found that it would have
been difficult to have carried more com
prehensive exhibit without taking two
cars. He is satisfied that he will be able
to make a showing OF Washington ores
that will astonish mining men who have
not investigated the wealth of the young
est Of the mining states Mr.. Armstrong
will stop i'll Minnesota and visit relatives
at his former home. He expects to remain
in charge Of the exhibit until the expo
sition closes, being on hand every day to
answer the questions Of the many who
will see the display
Cnriboo District Still Rich.
Cariboo, which yielded its millions 40
years ago, is still rich. There were $73,-
700 in gold brought down from Cariboo by
stage to Ashcroft. OF this sum $62, 800
was from the last washup at the Cariboo
hydraulic mine, and is several thousand
dollars better than anticipated. It is ex-
pected that much better results will be
obtained at the next washup. The bal
ance was from scattered propositions
throughout Northern Cariboo. Great re
suits are looked for when the Horse Fly
makes its washup, as heavier nuggets
than ever before have been discovered,
and the belief is that the yield this year
viii in every way prove satisfactory.
Mining Briefs.
The Abe Lincoln shaft at Rossland is
down l35 feet and two shifts of men are
at work
The B. A. G. will sink the shalt 100 feet
deeper on the Josie at Rossland. The
Nickel Plate shaft will also be sunk an
other 100 feet.
The British America Corporation has
started work on the Beresford, Dufferin
and Mist Fraction claims adjoing the
lmir mine in Ymir camp.
The Ymir Miner urges the Importance
Of the mining men OF that district get
ting together at once and preparing for
IN exhibition of ore at the Spokane fruit
fair
The main Shaft in the Center Star mine
in Rossland camp is down to the 5OO-foot
level and is to be sunk deeper while work
is to be resumed in the drifts at the 500
foot level
1t is said that Spokane men have pur
chased third interest in the Mollie Glib
son claim adjoining the Flossie r in
Imir camp. The identity Of the purchas-
ers is not made public.
The shaft on the Gertrude in Rossland
camp is going down on the dip Of the
vein following two feet of rapidly i'm
proving ore. One shift is working and
making about II inches per day.
The Deer Trail No. Mining Company,
operating the property of that name in
Cedar canyon has declared its first divi-
dend Of a half cent per share. It is ex-
pected that dividends will be of monthly
occurrence hereafter and that the size
will be materially increased. Spokane
men are interested in the property.
The trail from Imir to CraigtoWn and
the Second Relief mine has been com
oleted.
In the United States court at Seattle
George ID. Rogers has obtained a judg-
ment by default against the United Con
centration Company for Sl72,4ll.4S in q
suit for the foreclosure of a real estate
mortgage The property involved is the
Everett Smeter.