Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-04-19
BUTTE LONDON
LOW IN FUNDS
TO PUSH WORK
Negotiations On, However,
That May Make Resump-
ton of Shaft Sinking Pos
Sible.

oiUfCs
BUTTE, MONT, April 1S.-Tht
Butte and London treasury is low in
funds. The company has not money
enough just now for extensive deyel
opment work; but some drifting Ii
going on the 1100-foot level Il needs
funds TO do further sinking, as sink
ing seems necessary to open a mine
1t has always been the opinion oil
the management that it would be nee
essary to go at least 1900 feet to ge
commercial ore. Some good ore has
been found in two drifts on the IiUU
foot level; but not in commercial
quantities.
1t seems certain that with greater
depth the company must open a mine
The company owns its ground out
right, and has a large amount OK un
sold stock In its treasury.
Negotiations are now on Which may
result in bringing sufficient cash fIrIC
the eompany's treasury to continue
the work and resume shaft sinking.
Amaigamated.
The Amalgamated Copper company
is not returning to normal condition:
Of mining and copper production as
rapidly as had been promised when
operations were resumed on the LIST o.
March. Not more than 5000 add
tional men have been put to work al
the mines in the Butte district since
March l, making the total number
employed at the properties Oh pne
Amalgamated subsidiary companies
between 5000 and $500. The number
employed normally is about 5000.
The Amalgamated companies are
producing copper at the rate Of about
100000 to 16,000,0O0 pounds pei
month and it is not considered likely
that the production will be very
much Increased for some time. The
condition of the metal market is not
encouraging to greater production,
AMI the price at which copper is SELF
ing Is too near the actual cost of pro-
Cue; ion.
1t is fact, demonstrated since the
resumption of mining, that Ine
Amalgamated caa produce copper
very much more cheaply than it did
at any tine during the past seven
years, and that the present produc.
ton is not costing to exceed 10 cents
per pound. including refining and sell.
ing, ald it may be below that.
Butte-Milwaukee.
Orders have been received Iru1n
New York by Supt. John Miles of the
Butte Milwaukee Mining company to
prepare for resumption of develop
ment work, and foundation is being
built to receive the new hosting en-.
CINE, which has been shipped anu VIII
be in Butte by the time the founda-
ton is ready to receive it. When the
new machinery is installed sinking
viii be resumed on the Colonel Sell.
ers shaft.
The shaft is now down 700 feet and
it is the intention of the company to
put it to a depth of 1900 feet DeTore
doing any exploration work. 1t Is the
opinion of mining engineers and op,
orators familiar with that section OF
the Butte district that good CONNER
cial ore will be found in the veins al
that depth.
The Butte Milwaukee group OF
claims is well situated in the section
OF the Butte district where the big
gest strikes of ore have been made In
recent years. The company suspend
ed development work during the
height of the financial troubles
throughout the country, and was the
first among the exploration companies
to resume.
Boston & Montana.
The Boston & Montana company is
still prosecuting development work OF
the Greenleaf claim, a property stu
ated in the eastern part of the Butte
district, adjoining the property of the
late and lamented Butte Exploration
company, and the developments are
gradually giving greater encourage
ment. Another fine looking vein with
some good ore in it has Just been cut
in the crosscut being run south from
the shaft at the 1,O0O-foot level
East Butte.
The Amalgamated Copper conI-=nS
owns a great deal of ground unGei
both placer and quartz totles, and ST
does TIE East Butte company. Tn,
later owns a large quartz location
known as the Oneida, under which Il
has not yet asserted title TO grouaC
beyond its placer ground. II il does
so and makes good its quartz title Il
the courts, which attorneys say IL car
do, its mineral rights viii be i'm
mensely extended. Its title will b.
raised for the first time in a small
suit brought by the South Butte Min
ing company against some lvssee.
working in East Butte ground, whom
the East Butte company is protect
ing.
North Butte Extension.
Tie North Butte Extension Minini
company has resumed sinking on it,
shaft, which was 525 feet deep whel
work was stopped while a large sta
ton was being cut on the 200. Th'
station has been completed and a BIZ
pump is being Installed. In the mean
time sinking will be carried On in ad
dition to the other work being Done
A 3-foot seam OF well sni1era,i1e'
material was cut IN the station. 'Fa'
ground Of the company. wherever op
ened, is found to be highly mineral
lied Several veins and numerous
seams have been cut in the shaft AM
stations II Is probable that som
prosecuting win be done at the zoe
foot level.
Taft IS indignant over tie idea taa
he would never think Of sending hi
Il i z - - a a