The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-09-25
TWO BIG mining DEALS.
Alaska Quartz Mines Sold in
the East for 5000 600.
MARCUS DAILY is ALSO A BUYER.
Experts I'm the Employ of the Mon
Purchasing Choice Properties
Business Realty in juneau Finds
i'm the Midst of Mining Boom.

Fourteen gold mining claims in the Sum
Dunn and Berner's bay mining districts in
Southeastern Alaska wsre sold yesterday
to New York and Denver men for 500 90.
These two transactions we're made sepa-
rateiy. but both OF them By the Alaska
sum Dunn Queen Gold Mining Company. of
Juneau. They constitute the most notable
transactions in Southeastern Alaska gold
mines that have been made in some time
past.
While the attention % the public
throughout the United States seems 10
have been focused on the wonderful dis
coveries of placer gold in Alaska and the
Northwest Territory, the development Of
the mineralized belt extending along the
southeast coast OF Alaska has progressed
steadily, until now there are 800 stamps
in operation there.
Marcus DAILY, the Anaconda mining mag
nate. is becoming heavily interested in
Alaska mines. particularly on the coast.
Five mining experts in his employ have
been in Juneau for a month past. They are
buying heavily Of the choicest properties
offered for sale.
Mr.. Louis l.. Blumenthal. president OF
the Alaska Sum Dunn Queen Gold Mining
Company. has been in the city for several
days past. He is accompanied by ]. Il.
Jones, OF Juneau. secretary of the COM
pany. To a Post-IntelIigeBcer reporter
they gave out the statement of the sale of
fourteen claims owned by them to East
ern capitalists.
Seven claims located in the Sum Dunn
district were. through ex-Collector Benja-
min F. Moore. sold yesterday to New York
capitalists for Si25.eA. The transaction is
practically a cash one, a portion Of the
money being placed in escrow pending the
report OF an expert 10 be sent to Alaska
20 examine the properties. Mr.. Jones said
that the reports made by his company's en-
gineers were very conservative, and that
there would be no discounting them.
James r. Price, a mining man of Denver.
Colo, placed seven claims for the COM
pany with Denver capitalists. These prop
critics are located in the Berner's bay dis
trict. In this district development has
been prosecuted vigorously. The seven
claims sold by the company brought s75-
en
Mr.. B'umenthal said that Marcus DAILY
has party of five mining experts now in
Juneau. examining properties for the Mon
tana millionaire. Among the Daily repre-
sentatives are Col Lambeth, who Is a
wealthy Montana mining man himself.
and who has purchased largely OF business
realty in Juneau. Mr.. J. A. Toole OF
Butte. Mont. is Mr.. Days principal rep
resentative in Alaska
81 am thoroughly confident that the min
eral belt of Southeastern Alaska is now
10 receive the attention from legitimate
mining men that It deserves" said Mr..
Blumenthal last night. The claims that
have been developed have proven very pro-
ductive. The ore is free milling and the
circumstances are all in favor of legitimate
and profitable mining"
Mr.. Blumenthal is a United States Gus
toms inspector at Juneau. where he has
been located for three years past He late
" obtained a leave of absence. and on
Wednesday last was married TO Miss Sa-
die Loeb. Of Portland. the daughter of one
of the oldest merchants I'm that city Mr..
and Mrs Blumenthal are on their we'd
ding tour and are the Butler They will
go north on the Topeka.