Bisbee daily review., 1905-10-08
NORTH BUTTE.

Commenting on the condition and affairs of the North Butte Mining com pany. which stock is held extensively in this district, Iron Ore has the fol- lowing in it's issue of last week:
 There seems to be no obstacles in the way of the upward movement of this stock It IS well known that the late purchasers have a great bargain. When they took it they figured they would quickly double it's value. or make it worth $30 per share. They have accomplished this, and have also doubled the value of the property com pared to what it was when they took it. This, then, would make it worth s60 today. And unless we are mis- theywill add much more to it in the near future
 For the month of August the mine earned s242,000. Its output of copper was 2.6S0.539 pounds, and it's gold and silver values nettted s55.39047. This is 8 wonderful performance in so brief a period as that which has elapsed since the present company took hold. The mine has paid nearly $500 900 for new claims since then, has earned in addition $2OO.000 for the dividend which will be paid today, has paid all it's bills and has something besides. This is a very pretty accomplishment. It can be said that the company has made fine additions of new claims, and il can be further stated that it's chief owners and promoters have no other venture to present the public The claims that have been secured, and of which tiie papers have talked so much, have been for North Butte and go a long way towards making this very strong company in lands. There will be no apex squabbles, as they own the apexes.
 While the company has no smelters of it's own, it has made fine contract. with the Washoe plant whereby it's ores are treated at very small cost. And these Washoe smelters are the very best that money and skill have constructed. Here the North Butte company receives the very finest treat | ment of it's product, the extraction be ing of the very highest or record n this country. This is an item the reader should take little interest in, as it means much where several hun 1 drd tons are being treated daily. A difference of 20 per cent in extraction is very big item, and we know that there is this range between the Wasboe and some of the smelters of the southwest that have been consid- erably talked of. And it is in favor of the Washoe Put into figures it runs into money at a great rate. Last month North Butte did even better in making money than Calumet & Arizo- ma, mine that has a great record. North Butte will soon install a hoist ing plant that vii have a capacity for lifting ore from a depth of $500 feet. The management evidently has faith in the downward progress of their veins. They are finding new ore bod ies nearer surface and are going down with winzes and shaft for other leads. It looks like a very active concern and one that will be making history satisfactory to those concerned. There is talk f' the December dividend, guesses being made that it will be 75 cents or $1.00 per share. It will undoubtedly be an increase of the ini- tial one just in the mails.
 North Butte has been a fine thing for the people of Lake Superior. Many have taken profits, being attracter by 100 per cent on their investment
 which was certainly good, but the big gest winners are those who are hold ing on. We know that in the cities of Ishpeming and Neguanee the share holders in this company have a profit of $1,000.000 providing they have their original stock. It seems to be good that someone was kind enough to di. | vide with them. All the stock did not go East, although the East is a : very good buyer of the shares the Lake Superior people may have 10 dispose of. It has been a very nice thing for these communities, has paid for many neat bones and made the