OCR Text |
Show dated mine within the last, ten days has additional confirmation by Charles Bkougaard of the General Connor rniner at Kimberlv. He says there is a body of ore not less than, thirty to thirty-five feet wide, and the values are phenomenal,-picture assays showing values as high as .$35,000 a ton in free gold. The ore also carries considerable silver.' . The new strike is not over 100 feet on the horizontal from the nearest workings in the No. 1 level, and a drift has been started to connect -with it. This wil give a depth of 100 feet under un-der the' troopings, and will crosscut the lode. A temporary tramway has been made to carry the ore now being taken from the new opening from the top of the ridge to the No. 1 level. ' This new 6trike virtually establishes the character of ore which may be expected ex-pected in the Kimberly Mining company, com-pany, the Gold Mountain Consolidated, the Annie Laurie Extension, the Signal Peak and various other holdings. It has already had a counterpart in the General Connor, which is developing the same- vein and which has made as sensational revelations. "The Sevier company's strike -has had a rejuvenating effect on the whole district,0 says the Bichfleld Beaper. "It has demonstrated to other property owners that they have a good prospect for making as- great a strike as the Sevier has, made, and they have set to work - with, redoubled enthusiasm and zeal. Every proposition . along , the course of this strike (three to four miles) will be the scene of .the greatest great-est possible activities .during the com-ingyear." com-ingyear." The recent strike In the L. & N. tunnel on the Gold Development, company com-pany property has developed into a vein twenty-two feet wide. It does not carry any great values, but some of it would be fair milling ore. It was sot expected to strike anything of any consequence under 1000 feet, and this vein is but indicative of a greater-ore territory than had been supposed. Numerous Nu-merous stringers of ore veins are being cut now. Pittsburg capitalists have been there this week -looking at the find. 'Among them were H. C. Sheldon and Messrs. Price of Hazleton and Harned of Philadelphia. Phil-adelphia. They were accompanied by Expert Dignowity of that city. V S The General Connor is driving a tun- ' nel which will tap the shaft at 400 to 500 feet depth at a distance of about 600 feet. The tunnel is now in about 200 feet and has been drifting on the vein all the time. ALTA MERGER. V The consolidation of the South Columbus Co-lumbus and Quincy-Alta properties has been accomplished by Tony Jacobson, who returned yesterday from the East. The new corporation will be known as the South- Columbus Consolidated Mining Mi-ning company, with 300,000 shares of a par value of $5 each. One-third of the stock is set aside as treasury-, stock and every share was subscribed for by ten men at $2 per share. Of the remaining 200,000 shares, 100,-000 100,-000 shares were paid for the Alta-Quincy Alta-Quincy and 3,00,000 shares were set aside to take up stock in the old South Columbus company, the control of which has already been taken over on the basis of one 'share of stock, in the new company for three shares in the old. Articles of incorporation of the new company will be filed during the next few days, and then the corporation will be legally qualified to do business. "With a treasury of $200,000, which the merger affords, there will be something some-thing doing at the South Columbus and Alta-Quincy mines from now on. IT).. J 1. OOA ..... ADDITIONAL MINING NEWS ' GBEENWATEB PROJECT. GOLDFIELD, Nev., Oct. 27. With titles to 400 acres of inside ground at Greenwater, five of the most powerful operators of Nevada have entered the copper field. The incorporators of the new company, which is capitalized for $3,000,000, and named the, Greenwater Copper Helmet company, are George Wingfield, Senator George 8. Nixon, Col. O. P. Posey, A. D. Nash and E. -T. Wallace, all men whose names are synonymous syn-onymous with success in the mining field.' TEX BICKABD'S BUY. GOLDFIELD, Oct. 27. When Tex Bickard came back from Ely 'and told of his purchase of the big group of claims which adjoin two of Ely's biggest big-gest mines, he was asked for a chance to get in on the original buy and agreed to take in some of his friends for a share. The news spread over the streets and before the incorporation papers could be drawn the amount of stock was of ground and places Mr. Jacobson in the -position for which he has long been working that is, in position to prosecute prose-cute development work in a way which shall bring these properties up to what he has made of the Columbus' Consolidated, Consoli-dated, a great big mine. The tunnel in the Alta-Quincy is now in 1500 feet, that of the South Columbus Colum-bus 1400. The former has 400 feet further fur-ther to-be driven before reaching the objective point, the latter 800 feet. b m t GOLDFIELD STOCKS. The following are the quotations of Oold- Sld atoeki on the ' San Franeiaco mining atoek exchange today, at received by wire by Child, Cole A Co., broken, 100 Atlai building: build-ing: Stocks. Bid. Atked. Jim Butler .... $ 1.66 f 1.70 Atlanta .AO .41 Diamondfleld . ...... .39 .40 Jumping Jack ........ .$3 ' .53 Great Bend 49 .50 Jumbo 2.60 2.65 Kendall 67 .68 Mohawk 7.12 8.00 Red Top 2.50 2.52H Gold Bar 1.27H 1.80 Goldfield Mining .81 .83 Silver Pick .94 .95 St. Irea .....V"..'.... .63 .6S Bullfrog Nat. Bank ... .52 ,54 Sandstorm .......... .71 .74 Montgomery Mountain . .50 .51 Tramp Con 1.70 1.76 Stray Dog 62 .63 oversubscribed several times. The - most successful operators in Goldfield were applicants for the stock, and in order to accommodate them all it was necessary to cut down the first allotment, and then to pare it again. The matter was finally fixed up to the satisfaction of all antf the officers were elected yesterday. . Eickard will be 5 resident, B. L. Colburn, vice-president; ohn S. Cook, treasurer. These, with Harry Benedict, one ef the "big four" of the Hayes-Monnctte lease, and Uri B. Curtis of Curtis Bros, form the official offi-cial family for the first year. Ralph Waterman was elected secretary and w. A. Farrish, one of the best-known copper cop-per experts in the country, will have charge of the development. The company has been capitalized for $1,000,000 andl the treasury stock will be offered at $1 per share. The stock will be listed on the New York, Salt Lake, 'Frisco and Goldfield exchanges. INDIANS TO MAKE BUSH. HAWTHOENE, Nev Oct. 27. The Pah Ute Indians, led by Chief John Kay, will lead the rush into the Walker River reservation. It is said that 300 of the tribe, all well armed, will strive to 'get there before the white men who have been camped on the borders of the forbidden land for the last three months. The Indians are backed by the opin-I opin-I ion of Judge Breen of Tonopah who ruled that they are entitled to all rights-tf citizens and cannot be kept off the grounds. The court rules that the Indians are full-fledged American citizens and that the officers of the Government cannot discriminate against tbem in making mineral locations. loca-tions. The prospectors, it is said, are not going to stand for a loss of rights and unless the United States court intervenes inter-venes the miners will take the law into their own hands. Trouble is therefore-feared. therefore-feared. OBE AND BULLION. Conner was qiloted this morning at $21.42, per hundred pounds, lead at $5.75 per hundred pounds, and silver at TOtc per pounce. Yesterday's settlements for ores marketed mar-keted in Salt Lake aTe:ated $82,000; bullion, $53,000; total, $ 135,000. Clearances of ores this morning by the Pioneer Ore Samplin" company included in-cluded four from Alta, two from Stockton,, Stock-ton,, one from Milford, one from Idaho, and two from Nevada. Clearances from the Taylor & Brun-ton Brun-ton plant included thirteen from Tintic, and four from Nevada. STRIKE IN SEVIXB. The encountering of ore worth $1600 to $3000 per ton in the Sevier Consoli- |