Show MONTANA the boulder monitor says august S freeburg who is leasing on a portion of of the hope mine at basin shipped another car of high grade ore to butte this week and has another car ready for shipment the returns on the last car shipped by mr freeburg netted him this ore is being taken out at only thirty five feet below the surface word has been received from butte that the davis daly copper company shipped cars of ore during august as compared with ninety in july in circles believed to be in touch with the affairs of this company it is said that net earnings the past two months have undergone a material improvement and that net for august may exceed with that for july more than 90 according to unofficial estimates A dividend declaration later in the year is regarded as likely reports from neihart says in cleaning out the old workings of the silver belt mine at Ne neihart lhart recently purchased from the darker barker brothers by the neihart belhart silver mining company the development company recently organized by cascade silver interests encountered a cave that had revealed a fine ore body in one of the walls of the old workings A raise now being daiv driven en tot to reach this ore has opened up high grade shipping material two feet wide running upwards of ounces in silver which is now being shipped to the east helena smelter it is stated that an initial dividend of 5 cents a share is being considered by the butte ramsdell mining company of butte either for the present month or october according to intimations in circles believed to be informed ramsdell shipments proceeding at the rate of a car daily with returns from the last four as one lot showing net from the smelter and with the average copper content 1196 per cent july net from the smelter for the ramsdell amounted to approximately ore shipments are carrying from 10 per cent up of copper at the present time the anaconda standard says that the work of driving the second tunnel of the old broadway mine at neihart to cut the silver belt ore bodies at a depth of more than feet below their old bottom levels is now under way A large compressor has been installed and three shifts will push the work continuously it is expected that the connection will require five months time the total length of the crosscut being feet in this distance however the heart of the mineralized area of the main silver belt of neihart will be crosscut and a score of veins that are known to exist within this crosscut will be cut the territory is also owned either by the cascade mines and mill company or the neihart silver mining company and the development promises to be one of the most important ever undertaken for the neihart camp according to advices advises from butte the butte metals mining company will be the name of the new concern which is beginning work on a group of claims in the southeastern part of butte south of the davis daly holdings it is understood that options have been taken on the otisco and mary louise the syndicate and the railroad lodes the curtis major holdings and the alliance totaling some acres it is understood that further options will be secured in the vicinity of this group the new concern proposes to develop this ground in three places sinking a now new main working shaft on the otisco claim and making use of the two old shafts on the curtis major claim and the mary louise for connections these latter two will also be sunk to greater depths it is understood that this operation is being financed by interests associated with the butte superior company |