The border vidette., 1900-11-10

was formed to take over the Shasta
King property in California. 1t has
been under development since Mr..
Lawson took an option upon it some
eighteen months ago, and although the
original option price is said to have
been about 100000, he has, it is stated,
expended about that sum in opening
it up.
A report from Boston states that
people in position to be we'll informed
say that the next xtsemi-annual dividend
on Tamarack, to be declared this month
will be at least IS per share, perhaps SO
and possibly SO. Last June the COM
pany declared 81 per share. The div
idend preceding that one was Sc and
the one before that 81, so that Tama-
rack has kept steadily climbing up.
A report from Butte, Mont, states
that the Anaconda mine has been
forced to close down temporarily owing
to brake of the shaft of the hoisting
engine. About $50 men have been laid
off and it will be month before the
damage can be repaired.
Between g, ZOO and 10, 900 men are now
employed in the mines of the Butte
district, an increase OF at least 5000
over last year. The Anaconda has on
its payroll about 1, 500 men. Boston &
Montana has about ], 100 men at work
in the mines and on the surface; the
Butte e Boston 600; the Parrot, 400;
w. A. Clark's Colusa Parrot $50; and
Heiuze's properties 1000; the Colorado
300; and the remainder in the smaller
mines.
The San Fernando copper mines of
Lower California, Mex, are again re-
ported sold, this time to Mr.. P. Burns,
Canadian mining man, and Mr.. w.
r. Ramsdell, Montana mining man.
The property is considered a good one
by those who know it, but it has bean
allowed to remain in idleness for the
last seventeen years.
Mr.. NJ L. Amster of Boston, who
sold the Continental mine to the Old
Dominion Copper Company, is authority
for the statement that the Old Domin-
ion with its present output of 800, 900
pounds of copper per month is earning
81 per share, and that when the new
| furnace goes into commission, which
will probably be about the first of the
coming year, it will earn So per share.
From Butte comes news that almost
full force OF men is again at work in
the Parrot mine. The Parrot was
closed down over ten weeks age. and it
is estimated that the loss, based on the
net earnings of last year, is over Sl58,OOC
A report from Houghton, Mich states
that Calumet s. Hecla has laid of
twenty five drilling machines from its
amygdaloid openings on the Osceola
lode, letting out $50 employees. 1t is
announced that the reduction is tempo
rary.
Mr.. Amster, mentioned above, is
quoted as saying: The condition oil
the copper metal market warrants to-
day better prices for the shares of the
producing copper mines than it did in
the height of the boom in 1899 In 1895
we were just entering period OF COM
paratively high prices for copper. Il
was an experiment, and few people be-
lieved that the advance could hold.
There was talk of enormous increase of
production and decrease in demand
as Il result of the high level. But we
have had almost two years of stable
prices, that what was really an ex-
pertinent has now become an esta ablished
condition. There has been very little
increase in production and certainly no
decrease in the demand. That the ruliD Q
price for copper the past two years
has not been artificial is proven by the
fact that with a II cent market for the
metal, the visible supply today is less
than half what it was in 1895 when
copper sold at 10 cents. LOS Angeles
Mining.