Bisbee daily review., 1906-04-29
BUTTE C0ALIT!ON co.
Hayden 6 Stone Send Out Statement to Clients Re-
 garding Condition"
ORGANIZED IN N. ].
 CAPITAL IS STE, 900, 600.

The Butte Coalition Mining Com | pany is organized under the laws Ul New Jersey and is capitalized for s15,- 00O,OOO, divided into 1,00O,000 shares, ! all issued.
 Butte Coalition is a holding com pany and has in its teraesuIy the stocks of different mining companies ir Butte formerly held by the United Copper Company, and affiliated inter- ests. Among the properties controlled are the Montana Ore Purchasing Con- ! pany. the Hypocka, Guardian Copper. | Cora Rock Island, Minnie Healey, Nip ] per Consolidated and Johnstown com panies. The Ripper is one of the | strongest assets of the Coalition and | is capable of unlimited production. | Litigation caused it to suspend opera tions years ago, but the large ore l bodies of the Ripper mine will be available when the affairs Of Coali- ton and the old conflicting interests between United Copper and Amalga- mated are adjusted, which will be iii the near future.
 The acquisition of the property Of ! the Alice Company has doubtless ad- ded greatly to the value of Coalition stock. The Alice ground comprises in all about twenty claims, some ot which are full and others fractional. T. has been a great producer of silver gold ore, and while it still contains large deposits of this same class of rock. it is the opinion of well-posted people that it is destined to become large copper producer.
 The principal claims of the Ance a,e: Vaidemere. Magma Charta, Alice, Boston, Blue Wing, Rising Star,- Paymaster and Plover. The Boston, which lies north of the Clarke mines. is yielding copper ore in commercial qrantity, indicating that the Alice is more valuable for the copper it con tains than for the silver and gold. The future of Alice is practically es- abolished. It is known to contain lm- mense bodies of copper ore.
 The present production of the Goa lition mine now aggregate 1900 tons day. This is very small fraction of the quantity that can be extracted from, it's ground.
 The Coalition mines are undergoing system of management heretofore unknown. They are being worked 10 the best possiBie advantage for the ore in them, and the mining profits will go to the cOmpany's stockhold- CTS instead of being diverted into po- litical and court channels. The policy Of operation formerly pursued by the United Copper interests has been en- tiIel abandoned. At the present time l+be company is showing production at the rate of at least 32OOO, 900 pounds of copper a year. Next year it should almost double that quantity. and so far as ore production is concerned there will be no limit to it once the company is fully under way, for the deepest workings in any of it's mines is only 1900 feet, 600 feet less than the deepest point at which ore bodies have been struck in the AmalSamated mines. and 800 feet less than the deep- est shaft of the Amalgamated com psny's.
 There is certainly a great future for Butte Coalition. No company out side of Amalgamated and North Butte has greater possibilities. Its ore is ot ecod grade. much of it running high in copper Indeed, the present product Of it's mine may not come up to that Ct t0e IuIuIe lDi ltNilASss-'f AO@ V hich will soon be at it's command are known to carry ore of much higher grade. There Is a possibility that within a year at the most Coalition will close it's Butte smelter and treat it's ores at the Washoe plant. This D. cans a closer saving on production and a great reduction in the expense of operation. provided this conten:- rlated plan is carried out. which Will il crease the amount of dividends. II is understood that negotiations are TOW under way.
 The stock is now selling around S3d a share, b1t as the stock was not or fered for public subscription. the in- terest in the stock market has been confined to the insiders and their friends.
 Under the present able management Bptta Coalition will undoubtedly soon become a great factor in the produc- tion of copper. and we think it would prove proftable to any one interested iu cooper shares, particularly in the Putta district, to look into the Butte Coalition situation
 HAYDEN. STONE & co.