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Show TWO $90,000 SALES IN MANHATTAN CAMP Details of two important sales of mining mi-ning properties in the new camp of Manhattan Man-hattan reached this city last night, and In each case the amount of money involved in-volved was 190,000. ' The Interesting feature of these sales to some of the local mining people Is the fact that the first transaction waa for the transfer of the Jumping Jack claim, which is on the same ledge as the Uno property, and within a few feet of this claim which was recently acquired by the Manhattan Gold King Mining company of this city. R. L. Colburn, formerly of this city, is interested heavily In the Jumping Jack property and Is vice-president of the company, com-pany, while D. H. Peery of this city and this associates are said to have an option on the Stray Dog, which is also an ad-Joining ad-Joining property to the Jumping Jack group. In addition to the payment of 890.000 for this property in cash, the purchasers were -compelled to give the original locator lo-cator one-fifth of the capital stock of the new company, he also reserving the right to work one lease on a stretch of 100 feet of ground. . The original owners have had repeated offers for the ground, but held out until they could make the transfer on terms that beat suited them. The property has already become a shipper of sensational high grade ores and is surrounded on all sides by producers. pro-ducers. A true Assure vein three feet wide Has been opened up at a depth of only Ighty feet. An average assay at the mine on 200 sacks of ore reveals values of 8322 per ton and there are several hundred sacks of this ore piled on the dump awaiting shipment. The Chipmunk group was also sold for 890.000. This Indicates that the Schwab syndicate has gotten in on another good propertv in the Nevada mineral belt. Shareholders of the Manhattan Gold King company are very Jubilant over the situation in the Manhattan camp and at the offices of Child. Cole & Co.. in thla city, orders have been coming in heavy for the treasury stock, which has been started off at 10 cents per share. |