The Seattle Star Newspaper, September 19, 1899, Page 3

. a ne NTR RIL THE SEATTLE STAR 8 LOCAL MINES BOOMING. The past week has witnessed great activity in mining circles, Large dlocks of treasury #took, in what are known to be gilt-edged properties, have been solt at prices very satia- factory to the proprietors of the vart. ous enterprises Properties of which but litte ts known have cut but @ amall figure in the week's transactions, The people are gradually but surely awakening to the fact that investments in Washington mining properties where care Is taken to ascertain thelr true value, is as certain of profitable re- sults as investments in real estate, agriculture or manufacture. Capttal is beginning to flow in from outside sources, and from every di- rection reports of extensive develop- ment work are pouring in. Instances of development having reached the shipping stage are now known to be quite numerous, So fast is the work of development proceeding that an anxiety prevails that by next season the four smelters now in operation and process of construction will be unable to handle the output. Certain it ts that there is scarcely an import- ant city @n the Sound that Is not re- garded by capitaliats as*the probable site for @ smelter in the very near future. Notwithstanding over $2,000,000 in gold has reached Seattle from the North during the past week, the at- tention of investors in local mining bated or been turned aside by this wonderful dis- Play of treasure. They realize that although Alaska is the greatest gold- producing section in the world, yet there ts a large element of risk of life, limb and capital to all whe go ther Not so with our home mining ven. tures. The elements of risk. hard- ship and danger are entirely lacking. Instead of a gambling proposition, y has become a matter of investment.— Beattle Times, Sept. 16. HOW TO WIN. “To catch Dame Fortune's golden smile, Assiduously wait upon her, And gather gear by every wile That's justified by honor.”—! urna, They Know a Good Thing. ‘The people of Chicago, New York and Philadelphia are putting millions into copper shares. Houghton alone does a speculative business of nearly half a million daily in coppers. The people of Butte and Anaconda are Just beginning to dabbie tn coppers, the first branch of & Boston exchange firm having fust been opened there. Detrott is crazy over coppers, and has fully $19,000,000 in the market at present. Escanaba. Mich. m iron ore shipping port, has over sixty peo. pie dealing in coppers through the First National Bank there.—Boono- mist. ? FORTUNES IN MINES. A® a matter of fact the iarxer fore tunes in the wild west have been made in mining, and in real estate speculation. Here and there may be found @ merchant prince with a for- tune of from $100,000 to $1,000,000, ‘The men who built the first transcone tinental railway. The Central Pacific railway made some colos- sal fortunes, but where there were half a dozen of these there are hun- dreds of mining men who have made & million or more in the business, and they generally began their career with a roll of biank: a pros Pector’s outfit for their stock in ¢rade.—Rossiand Miner. According to the New York Com- mercial, the Russian government is about to spend from eighteen to twenty million dollars for guns, car- riages and ammunition for the use of its army. It says: “This order will also call for @ considerable amount of copper, bronze or brass for ornaments, sight~ ing bere and in the carriages amounting to many tonsa. Copper at Present sells for 18 or 18% cents a pound fn large quantities, making {t about $260 a ton of 4,000 pounds. As it is @ metal of high specific gr ity it will be seen that ft will take but little on each wide of the 1500 guns contemplated in this order to make considerable demand for it “Bronze, brass and other compo- sitions of which copper is the chief component, have the additional ad- vantage of being non-corrosive, and, therefore, well suited ir exposed portions of gun carriages, which in the exigencies of war may be sub- jected to the roughest treatment and long continued subjection to all sorts of weather.” On Augunt 20 the first regular ship- was made from the Sun- ich aiso was the first of y regular shipments from Index district. This company is now send- ing down good quantities of ore ev- ery day and will ship at least 15 cars per month. di sidan bet Good legitimate mining proposi- tions are now respected by those who once hooted at them.Industry and Mining. DOUBT NOT. “Our doubts are traitors And make us lowe the Good we oft might win, By fearing to attempt ~—Bhakenpeare, Rumors are rife that pools are pres paring to ake advantage of coming developments in the « rs, and interesting period of speeus xpected, ‘The strong pr coppers ts res garded a® significant by those who follow this department of speculation closely, Denver Mining Record. Many mining stocks are now dirt cheap. of them are likely to advance sharply in price when fall activity beging.—Copper Situation, “Half of the tlle we hoard within our hearts, Are ills because we hoard them Proctor, “On the whole, the extreme widths sampled, together with the copper percentages obtained, make it practically assured, it seems to me, that the Sunset ledge is a copper deposit of great size and value, and there can be no doubt but what the mine, with careful management, will rank with the large copper producing properties of the country.”—Extract from report of Prof. Henry Landes, Department of Geology, University of Washington, W000 000000000090 0000 0008 We unhesitatingly recommend quick purchase of the following standard stocks, believ- ing that the investment will pay well: Sunset, now shipping--Copper, - $1 olden Tunnel, now milling free gold Porty-Five (rm sims raat gage at ee SILVER, LEAD, GOLD t Creek (Copper) Copper Bell (Copper, Very Promi Silver Creek (Gold, Silver and Copper) ing) Index (Exeeedingly Rich--Copper) — - Index--Independent (Copper) = - ADA W000 00000000 0000000008 0 per Share HY) 6 66 66 6 15 “ “ vA) “6 ‘“ () “ ‘“ e : () ‘“ “ ° 6 1) Our unqualified judgment is that there is not a property in this list that will fail you. (7 Reliable agents wanted to represent us in all parts of the United States and Canada. NY va Sh we Dh “a hhh ected JOHN E. McMANUS & SON, REFERENCE : zattle National Bank “Already we have learned how to fend 72 messages #imultaneously by a single wire e can transmit the handwriting of an individual by telegraph, and in the same way we can actually reprodu half-tone pietures at long distance. Before long we shall Be able to reproduce full typewritten pages by telegraph, Just as we now send words a paper ribbon, and wireless telegraphy seems to be in sight When the pro- posed Pacific cable is laid It will be practicable to send a message around the world in three seconds, nd it is promised that a method will be found for telegraphing between ships many miles apart at sea. Even now it no longer seems very wonderful that, by the touch of a button at the naval observatory at Washington each day at noon, 100,000 clocks all over the United States should be set to the true time, while time balls are drop- ped on the same instant at all sens ports on the Atlantic and Pacifie coants for the benefit of mariners." The Telegrapher As noon as their holatmg plant fe installed the Sunset mines, Index district, will put in machines and sink to the water level—600 feet. icici lithic a lM sc (Pioneer Brokers Index-Silver Creek District) (Members Seattle Stock EXchange) 4918 Second Avenue SEATTLE, WASH. Qe sainiseiiiaial ine “The age of electricity In only just Aawning,” said Assistant Commis- sioner of Patents Greely yesterday, “and one advance in this direction which we are about to witness is the conversion of the steam railroads of this country into electric railroads 4 change that would have been ac- complished already to a large extent but for the Immense amount of money invested in locomotives and the firat enormous expense of inatal- ling an electric plant. Cars have al- ready been run by electricity at a rate of exceeding 60 miles an hour, and electric locomotives have prove themaelves superior to those pending on steam power, One ad- vantage of the electric locomotive engine is that it emits no smoke or cinders, and the water power of any river within a few miles of the line may be utilized, instead of fuel, to run it.—Baston Transcript The suspension bridge to the new tramway which leads to the great Sunset mine crosses the Skykomish just above town, The Sunset ts a shipper. ‘THtvty" eg are now work- ing on the Sunset, sinking, crosacut- ting and tunnelling, § ore is im- proving and the vein {widening as it ip developed.—-The Ih: Miner, e THE GOLDEN TUNNEL. A new mili to crush and pulverize the ore from the Golden Tunnel mine in almost completed, Owing to the pecultar formation of the ore, it has not been found necessary to erect a stamp mill, but instead @ pulverizer will be 1 This mili will have a capacity of about 0 tons m day, but in water power avaliable at the Present time to run through about 260 tons per day, For the present only about a 30-ton aerial tramway Will be used, but contracts have been let for « large tramway, which can carry fully 280 tone per day ° The machinery weighs in all about thirty tons, and for five weeks eight teams were kept busy hauling it from Baring station to,the mine. It it expected that it will be in working order in about two weeks. The mine iteecif in situated in King county, about five miles south of Karing tion, between Index and Skyk h. The mine gets ite name on account of its peculiar formution. There is an opening right into a hole about 46,000 feet above nea level and the walis, top and bottom, are lined with this soft ore, which rune all the way from $16 to §500 per ton, Thin natural tunnel ip 70 feet high and © feet wide and 9 feet deep. The ore runs for about 1500 feet in the tunnel itself, while the vein is to be seen in the mountgin away above the opening and at e foot of the snow slides many feet below. The principal vein is about 24 feet wide, and throughout are small streaks of sulphide, which yield @ large percentag gold, The com- pany which owns the Golden Tunnel Tine aleo owns several other claima in the vicinity of the Golden Tunnel, which, from samples taken, contains & high percentage of gold and cop- Der.—Beattic Times, Sept. 16, DELAY NOT. “Re wise today, ‘tis madness to dee fer; Next day the fatal precedent will plead Thus on, till wiedom is pushed out of ute,” . —Young. ALU! “As for ulllising aluminum or any other metal in place of copper, the idea is absurd, and while certain par- ties have been making tests with aluminum, at the same time some of the largest wire workers in the coun- try state that these same parties are ordering copper wire right along. “The outlook for the metal in this country is very encouraging indeed, and there is no ground to apprehend any serious recession in prices.” — Financial News Service ‘WwW. A. Clark, recently elected United States senator from Men- tana, ts far and away the rich- es copper miner in the world, in fact, he is the second richest miner in the world, being distanced only by Robinson, of South Africa. His richest copper mine is the United Verde, of Arizona, which is produ. cing more than 40,000,000 pounds of copper per annum, which product, however, ts all contracte for three years to the Messrs. Lewisohn Broa, of New York. Mr. Clark refuses ade mission to his mine even to the United States government officials, He has three times declined bids of $50,000,000 for it, or what would be the equivalent of $600 per share for Calumet and Hecla. Mr. Clark is not the sole owner of this property. H basa partner, a New England femaie investor, who persistently declines to sell to Mr. Clark her 100 shares of stock, originally bought at 81 per share; a $100 investment for which she last declined an offer of $16,000, She ie evidently satisfied with che dividends,—Philadeiphia Record. Today some of the mos? conserva. tive Bastern financiers freely indorse legitimate mining, and not only in- dorse it but are large investors in the best class of mining enterprises.— Scientific Press, SOUND ADVICE. “Conceal yersel’ as weel's ye can Fra’ critical dissection; But keek thro’ every other man With lengthen'd, sly inapection.” ~ Burns, The demand for copper ts Increas- ing in a much faster rate that ts its productitn. Therefore, those who an- ticipate 10-cent copper “after awhile” are likely to be long disappointed. New York World, THIS iteclw » » BO —————— 000000000 & SC and Li ‘Phone Gree <e’s Irish af o Gin, Burk Monogram R; : tract i SPENT H « bottom pri If you ar on them, H. WO ss dend... \d Mining « of 5