The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-02-06
THE BIG ISABELLA STRIKE.
afflicted PIECES OF THE r RUN
so FER CENE PURE COLD.

whether the strike Ia N Pocket or u Big
Vein Not Known Net-Californin'a Gold
Yield Zinc and Lead Mine Owners to
Meet Here This Week for organization
rryvrp. Col, Feb. 1.-The excitement Owe
Mo}ie Gibson stock ten years ago has been re-
reated daring the past week IN speculations
uron Isabella stock. From :}S cents the stock
has.umped.almost TO 81. and from the indica.
lions II will remain above the dollar marx for
,ome time to come. The company was organ.
iyed early in 1880 hy Count Pourtales and ]. j.
uneerman. At that time the only wsll-defned
assure vein in the entire district was on the
Buena Vista claim. which is n part Of the prop
erty of the Isabella Company. The company
now owns 100 acres situated on the north slope
~ BuII Hin. Until recently about all the ore
ahmed from the ground came from the Buena
Vista claim. During the past"year the work
ING shaft has been put down an additional 200
,eet and over 5000 feet OF drifting and cross
cutting has been done. Only n small frnc-
ton Of the ground owned by the corporation.
however. has been prospected up to date.
Whether this new strike is a pocket or a big
vain remains to be seen, but In any event
enough territory has been opened showing this
rich streak to give the entire Isabella proper
" n high valuation.
e.. NNIUE'l ~ "H u Ntl'NN ~ nun Wv
Grams. says: There is n streak OF metallic ore
In the slope at the ninth level in the new. vein
three tcct wide and fifteen or twenty feet in
length that is phcnomenally rich. About half
NJ II is s~vlyanite ore that carries more OF that
metal apparently than quartz, The other half
Is mn oxidiacd rock carrying native gold. which
In rlaccs is three inches thick. Selected
ricrcs OF the ore will run SO per cent. pure
gold How far the chute will extend upward
no one ca. tell. No richer gold ore. IN my opin-
tur. was ever mined in the world. We have
had NJ assays taken on the rock. but a ton OF
Il could he picked out that would iun any
where from $4,000 to 100000 per ton"
Armed guards have been put on the prop
ertv since this strike was made. This strike
has given new life and activity to the mining
stock market and the brokers are as active
n. they were three or four years ago. and all
sorts Of stock has a market value these days.
The People of Colorado Springs are digging
up from trunks. vaults and Office desks blocks
of stocks which they bought during the last
boom. and there is no difficulty in disposing
Of it.
;, The ore output Of the Cripple Creek dis
trict in January averaged $4,000 daily. or a
total Of 81 .54O.OOO for the month. This is the
greatest month in the camps history.
CALIFORNIA.
Los ANGELES, Jan. 2S.-The gold. yield OF
california for 1858 has been variously esti-
mated at from Sb5. 600 900 to SSO.O . 900. II
the former figures are correct. the aggregate
gold yield of all the States and Territories for
the entire nation in 1873 for the first time eX-
ceeded California's yield in that one year. But
n the higher estimates are correct the entire
yearly yield Of the nation has not yet e~qualled
that amount. An accurate account OF the
number OF men engaged in gold and silver
mining IN this State places the number ut
nearly 1000. II those engaged in all other
forms OF mining were added the number would
probably reach about $4,000.
A discovery Of quicksilver is reported from
Fullerton. Los Angeles county. The deposit
Is said to be a large one. An option has al
ready been taken on the property. The south
ern portion of Monterey county is having an
oil boom. Oil and natural gas have both been
found in the vicinity Of Imusdale and Park
field and the flow OF oil in some Of the borinGs
Is very promising.
The New York corporation has relinquished
the option it had on the Orleans property near
Grass Valley. Nevada county. and the old COM
bany has resumed operations. An English
company has taken an option on part of the
1aguna properties in San Diego county for
$4,000. A big ledge OF iron ore has been dis
covered near Barrett's dam. Gnlena ore has
recently been found near the same point. An
unusually large number of mining locations
are being made, chiefly in the Julian and Ban
her districts.
VIRGINIA CITY. Jan. 2S.-Exten sive tests of
the Comstock tailings are being mades by
Charles Buffers. i'll order to find II the shines
can be treated by a modification OF the cya-
Gide.proCeSs.
The railroad from the Adelaide copper mines
pt Golconda is completed. The Glasgow and
Western Exploration Company. which oper-
ates these mines. Is. also interested at Copper
Canon.
In the Murphy Curieux mines in Bull Run
basin. Elk county, q ledge four feet wide has
mines, in HUMBOLDT county. has been shipping
several carloads OF high-grade ore to Salt Lake
MExICo.
Mexico Tor iiSS7-8s was s6.a25,OOU and for
lsa3,"7 i was Ss,300!OO0. The silver pro
S dpSt hna for for n fs., lS77 SO. B Bs55 $780, was so'''2''-
louis United Copper COMPANY. is developing
4 vein Of copper thirty -four feet wide.
Some opal deposits. said TO be very valuable.
are being opsned unu near San Juan del Rio.
state Of Queretaro. The stones are of great
- The old socorro Silver and gold mine near
Nentanas is being worked again: IN the Au-
which.has been abandoned some years. sink
ing has been resumed and more OF the rich
rock II formerly produced has been uncovered.
UTAH.
SALT LAKE CITY. Jan. 3O.-The growing de-
mand for copper is having II good effect on the
mines of Utah, many of which are in POSSES
sion If ore bodies yielding good values in this
metal. Among these is the Horn Silver at
Frisco and tho Highland Boy and other mines
Of Bingham. In La Sal Mountains, south
eastern Utah. copper is said to abound. as also
In the Beaver Lake district and IN the northern
part OF the state, where good discoveries have
been made.
\ controlling interest in the Copgor copper
r're At bingham has been obtained by local
men, consideration being on a basis OF S5O.OOO
for the property. The mine will now be devel-
oned with greater vigor than ever.
The weeks stock sales amounted 10 593. 100
Yhnres. with 4 selling value OF S2O3.6Ol. This
"a twenty times the business for the same
week in 1879.
"A large body Of ore running from 81 to
$l5.l > gold to the ton has been struck in the
Hand tunnel ut Bingham.
The Boston and De La Mar Mining Com
Thny. owning acreage at De La Mar. New, was
launched this week, and in twenty-four hours
s,.V'"Hl shares of treasury stock had been
subscribed for.