Red Lodge picket. [volume] (Red Lodge, Mont.) 1889-1907, 1898-07-09
The following blocks not in the poo


The following blocks not in the pool
have also been transferred to the British
America Corporation: W. j. G. Wake
field, 3lO0; j. w. Binkley, 5000; r. B.
Blake, 5000; Casey, 1000; Holland
Bank, 1900; and several blocks aggregat-
ing 10000 shares held by the Danville
people There may have been other small
blocks taken over. The British America
Corporation is said to have paid $500,0o0
down on these blocks, the balance to fol-
low as soon as the pool is broken.
The next step to be taken is the break
ing of the pool, so that the purchasing
syndicate may have stock certificates in
stead of pool certificates.
The War Booms Copper.
Owners of copper mines, producing or
giving promise of profitable development,
can view the war and industrial situa-
ton with complacency, says the Mining
and Scientific Press. Next to reliable
war news nothing is in more active pres
ent demand than copper AS with gold and
other metals this west half of America
is of prime Importance to the nation IN
this regard. \ New York broker says:
During the past three years no shares
of any kind of enterprise have shown the
remarkable and steady increase in values
that the copper shares have. During the
past year and half eight of
the leading copper stocks have in
creased over s50,00O,000, and they
have increased over S2O,0oo,ooo
during the past six months. The total
par value of their capitalization Is only
sl6.OOO,OOO. The Rothschilds and other
bio capitalists OF Europe have agents ey-
ploring the entire western continent for
| copper properties and a large number OF
English bankers and operators have their
American correspondents looking up cop
per mines or large blocks of stocks IN such
properties fer investment purposes. The
ownership of all the American copper
mines is in the hands of a very few peo-
pie and less than 100 American copper
mine owners control the worlds market
for copper The demand for the metal is
greater than the supply, the total visible
stock on hand was never so low as now,
and would be exhausted entirely in two
OF three months if the supply was stopped
in any way" AS things are at present,
it looks as though the world needed cop
per more than gold. 1t is predicted that
copper will sell for l3 cents before Janu-
ary l, 1899. 1t is being produced at a
total cost of less than one-half that figure.
In the Coeur d'AIene Mines.
] The Atlantic Mining Company of Wal
| lace has let contract to run its tunnel
! $50 feet farther in, the work to be com
pleted in 100 days. There is considerable
ore in the face, and it is expected that
by the time the new contract is finished
the ore chute will be fairly opened up.
Peter .Albnola, president of the Lom-
hardy Mining Company, reports that ore
has been found in their crosscut tunnel
! The lead was cut some time ago and they
have been running for the hanging wall
i t. II. McGraw, agent of the Wallace
Mining Company, the owners OF the Black
Cloud, says the new concentrator will be
ready to run about the 10th inst. AS soon
as everything is running smoothly this
mill should increase the output OF the
Occur d'Alenes by from one to two car
loads of concentrates per day. 1t will be
the first regular shipments to come down
Nine Mile for six years.
Tho trail from Wallace to Stevens peak