The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-01-15
CRIPPLE CREEK CAMP.
The Latest Wonder in the Gold Pro-
ducimg Line.

Cripple Greek. Colorado. is rapidly &C
curing worldwide reputation as one of
the great gold producing camps or the
world. Prominent mining engineers and
mining journals on both sides Of the At
lantic are freely predicting that with the
same development as the South African
field it VIII surpass that famous camp in
the value Of its annual output of gold. The
South African field Is well developed and
fully tested TO q depth OF over 1900 feet
the ore being OF quite uniform value
throughout the district and does not vary
much N value with depth Cripple Creek
Is stu in the development stage, the great
est depth SO far attained being only about
Go feet. the average value OF Cripple
Creek ore being $50 per ton as against the
average Of $50 of the South African field.
In Cripple Greek the ores at go and 30
feet change 10 much higher values, in
many cases strikes being made that run
from 500 10 several thousand dollars per
ton. \ shipment of eighteen sacks of ore
recently 10 the Pueblo smelter Melted s22.-
o. or about SO per pound.
There are e.gnty-s.x steam hoIsts in the
camp, seventy-one being on producing
properties.
Recently a tunnel company was organ
lied, u. II. Moffat, president of the Dem
ven * Rio Grande railway, being at its
head. They have started work on tun-
mel 1900 feet long, TO be 10 feet wide by
feet high. and with 2x2 foot drain an the
bottom. At the greatest depth Il viii be-
some ] 800 feet below the surface and VIII
afford access and drainage 10 a large num-
Der Of the best developed properties ia the
camp.
Seven passenger trains arrive daily.
the Denver & Rio Grarde running night
train from Denver 10 Cripple Greek, carry
ing three Pullman sleepers. There are
between $3.50 and 1000 people in the camp
and the best informed predict that before
the close of 1926 there viii be between Co.
coJ and lo0ul0 people there
The rapid rise OF the camp is shown by
its production Of COLO, 20 wit: 1881. s2.o1:
1892 S5s3.0l0: 1893. ;2,0lJ.363 1894. s. 250.0a0.
the camp being tied up for over six
months in 1894 by the great strike The
Is95 production is placed at over SO 60 600.
At present Il is over 100000 per month
and rapidly increasing.
Mining exchanges are In operation at
Denver. Colorado Springs, Pueblo, Cripple
Creek and other points. These exchanges
are very stringent in their rules regarding
listing OF properties. requiring that a
property first obtain United States patent:
that il must be in proximity TO well estab-
Hshed producing properties. and must
make a good showing OF a strong probable
ity that il viii, with proper Development,
become a shipping mine; that IL must
have fair amount OF development work
of the company must be reputable BUSH,
ness men. and the unisted stocks called
are subjected 10 a rigid inspection before
being called. The result is that the wild
cats" are kept out. and the business is
placed on legitimate basis and insuring
investors fair protection.
The stock sales on the Colorado Springs
exchange for the first nine months Of 1895
were: Listed stocks. over 10000 shares;
price paid for the same being something
over $4,000. The higher priced stocks
have largely disappeared from the mar
ket. being held as an investment. the ac-
tive trading on the exchanges being very
largely In the low-priCed stocks. 10 wit:
Those ranging In price from IL 10 10 cents
per share (par value being 81 per share).
The sales On the Colorado Springs ex-
change for the week ending December II
We're n. ae9 nf0 shares, for which 500. 90 was
paid Cripple Creek exchange for the
same week-sales. 1.S76073 shares; amount
pafd slf43TA On the Denver exchange for
December IS the sales were l.0@9. 600 shares.
The Rocky Mountain News Of December
@ SAYS: THE mining stock market has
fully recovered from the effects OF the
war scare and il stronger than ever. Yes
terday's sales on the Denver exchange
were so0 80 shares while the demand was
for millions. Indications are that during
January there will be a scramble 10 get in
on stocks before they 20 out OF sight"
And of the Colorado Springs exchange
the same paper SAYS: The market was
decidedly hulish. the sales being well over
! on 90 shares. and the pit was howl
ing mob striving TO get action on their
buying orders"
The Denver papers give fun quotations
OF the stocks and give the mining news
Of the state. from one-haf 20 three-quar-
tiers ~ a mage being devoted TO the min
ing market.
In the best informed circles II is pre-
dicted that the dealing IN Cripple Greek
stocks bids fair 70 become nearly as ac-
tive as the deals IN South African stocks
he past summer IN London, Paris and Be-
lin Heavy investments are being made
IN CrFunla Creek properties by Eastern
csnitaflsts and Investments are also be-
ing made IN Denver and Pueblo real estate
w heavy capitalists.