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Show PORCUPINE DISTRICT PRQPERTIESFLOURiSH Deposits, Which Start at Grass Roots, Are Said to Be Permanent. Mines of Region Already Have Produced $44,000,-000 $44,000,-000 Precious Metal. i j hat is the mo;t impressive fact about the thriving Porcupine gold district dis-trict is the confidence of the "man on the street,'7 or rather the miner ou the ground in the great future of this highly mineralized territory, says the staff correspondent of the Investor and Trader. Home oOOO miners are drilling, blasting and digging iuto its underground under-ground treasures so that the rich gold-bearing gold-bearing ore can be hauled fo the surface sur-face and the precious yellow metal extracted ex-tracted at the gigantic modern mills that first greet theeyes ou leaving the train. And these experienced miners men who kuow ore when they sec it aev the most confirmed believers in the j thousands of acres comprised iu the J Porcupine district. Practically all hold I shares in one or nioro companies aud i are buying them as fast as their market profits and income will permit. Work 'on the night shift is at a premium so that the man can put in his day hours watching tho market. Small Area Explored. But a very small portion of the strongly marked gold-bearing area has been explored beueath the grass roots. Important American and London financial fi-nancial interests, alive to the vast pos-sibilties pos-sibilties of the distrist, arc sending their best engineers to examine the many gold veins that boldly crop out on the surface. The great mills of Hullinger, "Dome and Mclntyre-Porcupiue aro grinding, pounding, and pulverizing more than oOOO tons of ore daily from which gold at the rate of about $10,000,000 is extracted ex-tracted annually. The efficiency of tho individual mine and mill employee is being steadily increased, and as the men coming on every train, many of them returned soldiers, are added to the working forces, the output is growing swiftlv and is expected to be at a rate of well over $15,000,000 yearly by late summer. District Produces Heavily. Already the district has produced $44,000,000 in gold, of which $14,0u0,000 has been paid to the fortunate shareholders share-holders in the form of dividends, to say nothing of the profits made by the advance ad-vance in mauket priee of their securities. securi-ties. A visit to the big mills and down into the workings of sonic of the mines builds a. picture that breathes of permanence. per-manence. Big men are developing the district in a big way. The abounding faith of the men most conversant with the geology of the district is perhaps best expressed by General Manager Bingham of the Hollingcr mine, who recently said: "Hollinger is practically a gold manufacturing man-ufacturing concern. The mine holds from ten to fifteen years of positive and probable ore reserves. "Diamond drilling to the depth of a half mile has already demonstrated a continuation of the same geological structure from which the present gold production much nearer the surface has been obtained." ; The ultimate depth to which the many gold veins penetrate is not known, but the experience qf the famous fa-mous Mother Lode belt in California, where mining operations on the 4000 and 5000 foot levels prove profitable, is expected to be duplicated. Hollinger Mill Large. The immense- Hollinger mill, 2200 f.aet long with a battery of 200 stamps each capable of crushing fourteen tons of rock in tweuty-four hours, presents a spectacle at once vast and deafening. This property, with probably the greatest future of any gold mine in the world is completely equipped with' every modern labor-saving device. It is estimated that in addition to the energy en-ergy of its 1500 employees an average of 7000 horsepower is electrically applied ap-plied in getting the ore to the surface j and separating its gold iu the mill. The ; largest compressor thus far used in Can- 1 ada has just been ordered, and everything every-thing else is done in a large and permanent per-manent way. A marvelous electric underground un-derground haulage system has been perfected, per-fected, which brings all the ore from the various levels to the great main six compartment shaft. Mclntyre-Porcupine Visited. Going down 1200 feet to the bottom of the Mclntyre-Porcupine main shaft and following along the stope of its famous No. 5 shaft proved most interesting. inter-esting. This vein, starting practically at the surface, lias strengthened out until on the 1100-foot level it is 700 feet long and forty feet wide, with samples running as high as $77 per ton. Manager Man-ager Knnis says that costs were slightly over $4 per teni, and that the increasing values at depth should result in average ore values of $11 per ton. Nearly 600 tons are being treated by the mill dailv, indicating annual profits of $1,500,000. New York Listed Stocks. CRpported by ,T. A. Hople & Co. i IHighiLow. ICIose Aran SipcI Fouudry, com I 4.1 44Tt, -4.r. Amn Sumatra ' ;t1L'- jlll It 1 H Acricultiir.it Chemical ilOO lu9rvl09Ts Alaska Gold 3n! 3j 34, Alloy Step r.ril 5."i 5514 Butte & yiiperior I 29.; L'f' Orro de Pasco (12 Ci-J fi?1 . Chile Topper j LS -JS 2S Calif Pnckins I 7r.i,. T-t I 75 Grrene-Ormanea I 47 General Cigars 9n 9.1Vil 93T; Kennecott 421-;! 42H 42 Miiuiii Copper 31'.', 31 ! 31 M'rjvrile Steel 5SH 57 I MS Nevada Cm 1 21 Ontario Silver I S '-'i Pressed Steel Car 92 I HI 91 Railway Steel Springs .'..! 9."U ' O.V! 9.iS Sinclair Oi! I ti2- I fil'' fil - Tobacco Products ' 1 13 ! 1 lO- 1 1 1 3 Amn Tobacco j-j.vi ,2.i3 !2.".3 Virginia Chemical I ST"S, S.V-4 ; 87 R'lval Dutch. N Y ! 97V Dti 1 97 r & B CT ' ! i I 11 drt preferred 1 20 j 19 19 , On f ario Silver ! ! ! S1 U S Smrlline ' ! 69: 69 do preferred ' 1 ' 49 rtr.lt P-ciu-iu ; 1 1 ' I London Honey. LONDON". -Tilly Far eilffr. f.5 l-ld per ounce. ilciev and discount, uc: banged. |