Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1900-08-09
PARROT STOCK
TAKES ADR0P
FALLS TWO DOLLARS A SHARE ON
BOSTON MARKET AS RESULT
OF THE FIRE.
REPRESENTS STOCKHOLDERS
LOSS OF ABOUT S46O,OOO.
Cleaning Away the Wreck-Engine a
Mass of Ruins-To Operate
Through Neversweat.

The stock of the Parrot Copper COM
pany dropped 81 per share on the Boston
stock exchange to-day owing to the fire
yesterday, which destroyed the hoisting
plant and surface buildings on that
property. AS there are 23O, 900 shares of
stock in the company the loss from a
stockholders standpoint was 460,0O0
The actual loss. however, will not be
more than 500, 600.
The belief now is that the fire was
caused by a spark from a passing loco
motive. The tracks are situated a short
distance south of the Parrot hoist n
with the high wind prevailing yesterday
it would lave been easy for a spark from
the debris which had accumulated from
the carpenter shop. That is the only the
DRY Of the origin of the fire by
the management.
1t was late last might when the firemen
announced that the flames had been
quenched. Early this morning the COM
pany began to clear away the wreck.
The cages were removed from the shaft
by noon to-day. They had been hang
ing below the collar Of the shaft, clutched
by the safety dogs, N to this is due
the fact that the fire did not nave a
better chance to operate on the tinabers
below. While no personal Investigation
had been made up to noon it was the be-
lief of the management that the fire had
not reached more than a dozen sets be-
low the collar of the shaft. There was no
truth in the report of yesterday that the
shaft had caved above the 400 level
The work of clearing away the debris
will be carried on until every vestige
of the fire has been removed. The splen-
did engine which was used for hosting
purposes is a gnarled and
mass of ruins. It is thought, however,
that the boilers are not badly damaged
and may be used again. The steel cable
and cages are totally ruined. The COM
ANY it is said, will operate the min
through the Neversweat n Bellona
shafts until the question OF rebuilding
the shaft house is settled. Mining men
here believe that the company will not
rebuild but will continue to operate the
through the other shafts Of the
A~malgamated properties.
Much credit is due the ffremen for their
work In preventing the spread OF the
fierce fire Yesterday. George Lapp, chief
of he Anaconda fire department, worked
like a beaverin fighting the blaze and was
ably assisted by miners from the Nlpper,
Colusa- Parrot and Neversweat roper
ties. The fact that all the men employed
in the mine escaped unhurt was a matter
of general rejoicing. During the prog
ress of the fire there were many terror
stricken women and children around An
aconda road. Many of the men whom they
sought had come up through the Never
sweat and Immediately began to assist
the nremen, out eltu 1licLuo uo AoS
learn this until late in the afternoon.
The last man to leave the mine was
Tim Lynch, brother of the foreman. He
went through all the levels to ascertain
if any men had failed to receive warn
ing and finding zone ~leisurely took MS
time about coming to the surface. his
friends were considerably worried at ms
absence until he appeared on the sur
face. Another man who received a Sc
we're shock was James Holster, a e
York capitalist, who was being SHOWN
through the mine. He was at the ],6O0-
foot level when the station tender came
down and hurriedly informed the miners
that the shaft was on fire. 1t was with
diffculty that the visitor was u &c
seek a place of safety. He said last nlgn1
that he thought 1T was all up with MIN
as it was his first trip underground ant
he supposed there were no other means
of egress than the shaft through Whlcl
he had descended into he mine.
The fear of powder kept back the DIFF
crowd which usually congregates about {
fire. 1t was reported that c~onslderaol
powder was stored nearby and with tn
awful experiences of Butte's big explo
sion in January. 1895, in mind the croWt
kept at a respectable distance. Thert
were a few giant powder caps In tht
ruins which exploded during the nr
causing a general campo Of the mul
titude on the adjacent hillside.