The evening times., 1897-12-09
KLoNDlKg STOCK FALLS
Investors Scared Off by Accounts
of Cold and Scarce Finds.
Few Applicants Care to Join tn"
Army who Are Face to Face
With tarvatiHn.

New York, Dec. 9.-The news in regard
to the extreme scarcity of food in Daw son
City, and the probability of wholesale
starvation during the coming winter
throughout the Yukon district, has had a
depressing effect upon most OF the Klon
dixie companies in this city.
The officers Of some of the companies
expressed the opinion that il the scarcity
of pa ying claims is as great as Indicated,
and IL flour sells at $3.50 pound and
dog meat at 81 pound, as indicated in
the last letter received by James X. keene
from another mining expert, it is tine
prospectors were turning their faces to
other fields, here they can get an occa-
sional bite to eat for the price of a weeks
wages.
IsidOf HOltsbeig, president OF mining
and trading company, said thati IL was true
the situation looked blue from the stand
point of mining, but he added:
1.-The chief purpose OF our company is TO
engage in trading, for there is always
money in dealing in supplies in connection
with mining operations. We could bring
people back II necessary, but we don't ex-
pect to do that. l am going to start out
the middle of next month, with three 9th
ers and cargo Of supplies, and We ex-
pect to land ct Dawson City by the middle
of March. We shall try our hand at mining,
but We would just as lief sell boots ut a
profit of SIS. AS for selling stock in our
company, l don't recollect just how much
We have sold; you must see our manager
for that. As a matter of fact, We don't
care much about selling stock, for we know
We have good thing"
l.. c. Fry, one of the leading directors OF
another trading company. said:
Il wouldn't go up to Dawson City now
for the whole blank shooting match Why?
The hardships on the Yukon Will be very
great, a m a fra id, If half OF what youhear is
true. l don't think it is necessary for any
body to starve, since the people in Dawson
City and ether towns on the upper Yukon
can get all the food they want at Fort
Yukon, four hundred miles down the river
But what are the chances of getting to
that place alive? That is a very long
distance when the thermometer is fifty
degrees below zero
''Oh. there are plenty OF strong men Who
ought to be willing to go that far for
food was the reply. But as for the
KIondike don't want any OF il in mine at
this season of the year. Our company ex
poets to conduct most of its operations in
lower Alaska, between Cooks Inlet and
Dyea. There is plenty of quartz mining
there and it is easily worked. For me
thing, you know the gold Is there, while
expert miners worked all through the YUKON
district for eleven years before they stan-
bied on the h.g finds OF Bonanza and Ell
dorado creeks. 1 don't say that there
isi;'t plenty Of gold in that section. Tut
wouldn't advise friends to go there at
this season OF the year.
The Northwest Mining and Trading Com
pany, which was organized last summer
with $1,000 900 capital, with a flare OF
trunipets and list of distinguished dir.c-
tors and an office at No. 80 Broad str.et,
has given up its office and the subscription
money is being refunded by the Investment
Corporation, whict acted as depository
and banker for the mining concern. Former
Judgs. EurneJl, of the Investment Corpora
ton said.
u am sorry that we ever had anything
to do with III. mining concern. We had no
connection wEatsv Yer with ii except as
depository, and we We're not stocs hJld-
ers or Directors