Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1899-11-02
SOME BIC
MINING DEALS
Red Chief and Lizzie Claims
Sold.
FOR A TOTAL OF $255.000
Negotiations in Progress for the Pur-
chase of the Hesperus
Mineral Right.
FOR A TOTAL OF $255.000

A deal of considerable magnitude was
~consummated in Butte yesterday by
which some mining property in the south
ern portion of the city changed hands at
good prices and negotiations are in prog
ress for the transfer of another property
adjoining. The claims sold are known as
the Red chief and Lizzie. The former
was owned by w. p. Gwinn and John
Ducie and they received $4,000 yesterday
for the mineral title, including a few lots
reserved for mining purposes. The Lizzie
was owned by the Hickey brothers, who
sold the Anaconda to J. B. Haggin and
Marcus Daily. 1t is a full claim located
south of the Moonlight. The considera-
ton for which the transfer was made yes
teraay was $4,000. This also includes a
few lots and the mineral right.
The negotiations for the purchase of
thu property We're conducted through the
j. r. Richards Company and Mr.. James
w. Forbis passed upon the title. Mr..
Richards. when questioned about the deal
this morning, was averse To saying any
thing. Being assured that the facts We're
all in the possession of the reporter, Mr..
Richards admitted that the sale had been
made.
For the Amalgamated Copper Com
rany. Mas 1t not?' queried the reporter.
'No, sir,'' replied the ex-governor, for
an eastern Syndicate.'
Notwithstanding the denial Of Mr..
Richards. however, it is believed by a
great many mining men that the great
Amalgamated company, which has ac-
ruired control Of the Anaconda, Parrot
and Colorado company properties, and is
trplitpj with bainr a hn11t ~ ahCnI,h tho
Boston & Montana and Butte & Boston,
has acquired the Red Chief and Lizzie.
Color is lent to this belief by the fact
during the past year or more a dia-
drill has been in active use at the
Moonlight. its operations being confined
chiefly to the country south of the claim.
1t is believed that good indications have
been discovered. that large bodies of cop
per ore exist in that locality.
The other property referred to, for
negotiations are in progress for
it's purchase. is the famous Hesperus.
This is the property which has been in
litigation for many years. 1t is now
divided into three sections, owned by diff
ferent parties. The eastern section COM
prises 1,6 feet, the center section o44 feet
and the western section 200 feet. making
! .400 feet in all. An offer on the basis
of $50, 900 was made for the central section
yesterday but an agreement could not be
reached by the owners. The Red Chief
is located east of the Hesperus. Upon
the latter claim considerable work has
been done. shafts being developed by F.
Aug. Heinze. James Talbot and others.
1t has been stated frequently on the street
that copper ore of a fair grade has been
discovered there. but as work had been
abandoned long ago little credence was
placed in the reports.
1t is stated on good authority that an
entirely new company composed of east
ern capitalists, With ample financial
backing, will shortly begin work develop
ing a deep shaft IN the Lizzie, through
which the other claims will be worked.