The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-11-13
GOLD FIELD AT CAPE YORK,
VIEW hLxsE<N DISTRICT SAID TO
RIVAL CAPE MIME.

" Cripple Crock Activity-Leadville Boom
Warning to Sit Up Nights and Keep
Sharp watch fer Unavoidable Calamity
SEATTLE. Wash. Nov. "a now district 10
being opened at Cape York. 12O miles from
Cape Nome. 1t 10 reported only second In I'M
portance to the latter district. with rich beach
diggings. good pay on the numerous creeks
flowing into the ocean and with the further adj
vantage Of good harbor and safe anchorage
There are 200 miners In the camp at present
all well housed aud provisionod for year
They anticipate being able to commence work
by the middle OF May or the first OF June.
The ruby sands extending along the Alaskan
coast from Yakutat Bay to Harbor Point and
Cape Fairwsathsr are attracting the attention
OF prospeetors since the Cape Nome beach has
turned out It's millions OF flne gold dust. This
10 an extensive field and gives good promise.
There is no scarcity OF fuel. II being but short
distance from the oil fields and coal measures.
and II 10 aao q we'll wooded country. The
ocean. however. has full sweep and landing IL
somewhat dangerous.
COLORADO.
CoLoBADo SPRINGS. Nov. 7.-Now that the
boundaries OF the great Cripple Greek gold
camp are expanding to include a much wider
producing area. It 10 OF interest to note that
four hills have yielded the bulk OF the $685.
900 output thus far. Tho record appears
in dividends paid by public companies opsr-
ating thereon. Battle Mountain leads with
S4.816.20 The Portland. Strong and Strait
toms Independence are all located on that
mountain. The former alone has paid 81, 4o7.-
$50. Strong 10 next with $4,000. The Inde-
pendsncs has paid but one quarterly dividend
S4S8. 900. The policy Of the present manage
msnt insures $4,000 monthly.
Bull Hill 10 next with $2.D5o. 129.37. N3ho
Victor 10 FIRST with Sl.155.0O0. Isabella fol-
lows with s450.OO0 At present ten other
dividend payers help to make the big hill
famous. Raven Hill is third with sl.1es.-
40057. Gold Hill follows with 1886. 600 then
comes Poverty Gulch. $4,000; Guyot Hill.
s57.77oS "a; Beacon Hill; $40. 1876: Tsnderfoot
Hill. $4,000: Copper Mountain. $1,000. The
total. s9.7s5.7 100. 10. docs sot represent over
20 per cont Of net profits. as q vast sum In tho
aggregate 10 represented by private firms and
q larger amount still has been expended In
development and equipment.
The October output, 81 100. 060. 10 the larg-
est by 100000 In the camps history. The
limit. In fact. was tho capacity OF mills and
smsltsrs Shipping facilities were abu ndant.
The output was sufficient TO leave thousands
OF tons OF surplus ore piled up at the mills. suf-
ncient to guarantee 81. 100000 for the Novsm-
Der record The total output for 1890 to date 10
sl5.Oo0.O0o. The years record will DO close to
$2o.o0o.0UO. a gain Of 20 per cent. over 1893
The famous Isabella mine 10 again In marvel
lousy rich ore. The management Is conserva.
tive, prsferring to await smelter returns on a
car load lot before speaking. The old Busna
Nistavein which made the mine famous In
1894 has been encountered In tho eighth level
OF the Lee shaft. A model equipment has Just
been placed In tho mine. Energetic outputting
OF bonanza ore opened up last winter and dur
ing the past few days. will now be made. Isa-
bella stock. as result, has advanced from 81 y
cents to 81 80. an increased valuation Of tho
mine OF SS6J. $50.
dozen or more mining corporations are be-
ing organized each week. From the BERN
ming, perhaps 1000 such com paniss have been
Incorporated to operate at Cripple Creek. At
least 572 OF these are recognized A. owning
property in the camp. Active traders on ex-
change comprise about 125 stocks.
Colorado Springs capitalists, headed by W.
8. stratton. have bought UP all the known
mica deposits in New Mexico. upon which
options arc not now held A large plant 10 in
operation here for andling the mica.
The Colorado Springs and Cripple Greek Short
Llne-twenty- nine miles-is being rapidly built
from the twenty-five mile electric terminal
branch new operating among the CAMPS ore
bins. Tho limo will descend Bear Creek Canon
at whose mouth the Colorado Philadel phia re-
ductioa works plant, with 500 tons daily ca
pacity. Is located. The Dorcas Company will
linn sdiatsly begin the erection OF another
plant nearby OF nearly the same capacity. As
the total mill capacity OF tho camp Ia $4,000
tons. the Importance OF these two plants np.
pears. The road insures minimum freight
rates. The line may be com pleted this winter
DENVER. Nov. 7.-Leadvils IL certainly In
FOR another boom. possibly tho n ost 10 portant
since the frst great excitement. The success
fnl outcome OF the task OF unwatering the
downtown district, followed BY the strike In
the Bon Air and the Penrose mines. gives as
surancs ~ sufficient values yet remaining In
that district to interest capital In that region.
Besides tho home company there are opernt-
ing In the downtown district tho Northern
Mining Company, producing eighty tons daily
OF carbonatss; the Newell shaft which Is de-
,elopinG: the Colorado, mining twenty-five
tons daily; tho Midas. developing: the Orion,
shipping twenty tons daily: the Weldon,
sixty tons: the Nubian. developing; the Bohn.
6fty tons.
Cripple Creek is a whlrl Of excitement with
new strikes. new deals. ana a great stock
speculation. The ore output still swamps all
reduction works and smelters and the rail
roads cannot han do the ores offered for ship
msnt to outside works. Tho Uncle Sam. q
fraction OF 217 acres. has been sold for
$87, 800. and the Blanche Gold Mining Com
pasy. with capital stock Of 81 100000. will
operate the property.
CALIFORNIA.
Los ANGELES. Nov. 4.-Thsrs Is great actiy-
ity in 1.-The oil interests OF southern California.
The Yukon Crude Oil Company OF San Fran
cisco has purchased all the property OF tho
Yukon Oil Company OF Los Angeles. The capt.
tai OF the new company 10 $3.50. 900. in 100. 600
shares OF $3.50 each. Tho property includes
fourteen producing wells with an output Of
5000 barrels OF oil n month. Tho company
will put down ten more wells at once. Another
big oil transaction 10 tho purchase by the
Hearst estate OF q controlling interest In the
Homo Oil Company. operating In the Coalnga
field. Several Of the wells operated by thIa
company are among the most famous pro-
duc GERS in the State.
Important oil strikes have been made by the
Santa Fe Company in well In its Fullerton
field. by the Union OIL Company In the same
fold. and a good strike Is also reported from
tho Kern River district In Kern county
In Butte county six dredgers are at work on