Show MINING MIN MININ I IN ING G THE TE QUOTATIONS NEWS CAMPS CAS FROM AND AD ALL ON STOCKS WITH WIT FROM PRICES THE FLASHED LEADING LEDING LATEST MARKE MARKETS MARKETS' I II ir f I. I j DiVIDEND OF 01 NOT NO SO BIG AS SEEMED Initial fl of ot by the tM mines mineS at Alaska Ja H. H known 3 as th B group au and aul o owned med b by the U Mor MOi or Guggenheim gan-Guggenheim syndicate s seems cerns e ns argoon largo large on nfl tho the mines mines' capitalisation of or but Is small maII when the amount spent pent on the tho mine amal and the tho COPP Copper L' L River RI cr Mil Mil- rl ih the t o of road rOd by th s r syndicate up 2 is s taken into co consideration ld It I Isle is islee le Je lee e than 4 pr per c cent nt 0 or smaller r then than a ayears A years year's ars arg interest t at at 5 6 per eren er cen cent on the entIre entire en entire en- en tire Investment The Th CPr Copper C River railroad In I. II paying its Is Iso It will be bo a a. along o own n op operating expense but It wl I long ong time tune before the rd road can ca meet met I it tIM Ion inter interest t charge e. e which would total tot per r. r annum at 5 per feI cent nt on 20 1 Invested n The Bonanza mn mines mine ha have harou rou roughly hb ep f speaking akin about abut tons tone o of copper ore oro averaging averaging- more than 85 per rent ent topper copper r. r of or rasInG 1 which approximately 1600 tons ton tOI avo been extracted Engineers who i went ent Oto O over Or r the tho mines estimated that the they mine t ore ora which ore to would yield prof profits of at about 6 or ot A s. A net yit of or th the time elapsed necessarY to extract the or ore OtI In and tho Interest during that time en on n the th money nc te invested is taken into tion Tho The prop properties COt cost th syndicate ton It wes n rte n never er thOl thought ht that the profit or the Bonanza mines would give a profit or on the mines and the railroad Investment in investment In- In vestment combined Return on th the railroad railroad rail rail- road investment of ot upward of was expected to come ome from the opening open Open- 00 In ing wa up of ot the Alaska Alaka territory and aud the development of ot coal lands land an and mineral miner in the country bearing properties which th countr is f very r rich by outside capital Conditions have hee materially changed tine since the th Morgan Guggenheim lm syndicate went nt into IntI Alaska six years ears ago The coal lan lands s' s are still UI dormant nor Is 15 any col Immediate late relief in sight eight British ColumbIa Co Columbia Co Co- lumbia coal cal cots costs on 01 th the average crae A abut about 1 12 12 a ton tn and prices priceR R at times S have havo ha c risen as ne high as 15 to nO 20 a ton a a. a aprice price prohIbitive prohibitive pro pro- for tor a mining purposes f. f Hence the thed d development of the tho country's mineral re resources resources re- re sources ha 1153 proceeded ed at ft a a. a snails snail's mIs mI's pace Th The Copper River railroad has been ben able to operate by oil 01 burners on onit onit it tIM engines engIne and arni bringing oil 01 from Call Cali Cal Cal- fornia Tho The country's s great Kat development de will m are ara come released when heu its Is immense coal reserves |