The record-union., 1899-09-30
Wasserman, Kaufman & Co.;

years ago, and are known to have ex-
ceedingly rich values in them for
hydraulic mining, the manner in which
they will now be worked by the pres
ent owners, who intend working the
property in a modern, up-to-date style,
with the latest Improvements. We wish
the company success.
w. A. Banz started up the quartz
mill on the Little Tiger quartz mine or
old Cape mine at Greenhorn last week,
but has shut down to make sumo alter
ations and improvements in machinery,
for operating to better advantage.
Mr.. RAIDER who bought out the Hun
ter-Johnson quartz mine at Horse
Creek on klamath River some time
ago, has been finding rich prospects.
several pieces pounded out in a mortar
yielding good returns. The sulphurets
contain considerable gold. but have to
be sent below to the Selby works or
some other such establishment for
scientific treatment. RAIDER has bonded
the property to a mining agent named
F'reeborn for sixty days, the option
having nearly expired
AS TO IRON ORE.
San Diego Union: The following from
the american Manufacturer the
most conservative trade paper in Amer
lea, shows the way iron matters are
trending. San Diego has in the Tepus-
tete iron mine right at it's door and on
the sea shore the largest deposit of
high grade iron ore on the Pacific, and
no greater in America. From a tele-
gram received yesterday from heavy
capitalists in the East, it would seem
as if the time was close when the
great deposit would be utilized.
At no time in the history of the iron
trade has there been SO great an inter-
est in the exploitation of deposits OF
iron ores in various parts of the world
as at present. The Orinoco River de-
posits are now in a fair way to be open
ed by prospecting work of an American
company. There is renewed activity
in Cuba, and now it is stated that an
English syndicate has employed some
tralian ores. The greatest interest is
now being shown in deposits which lie
convenient to water transportation.
Blast furnaces that are near the sea
coast or that command cheap freights
from the coast are especially active in
the search for ore, and it would appear
that the whole world is being examined
for ores that will bear transportation.
The newly organized Whitney syndi-
cate, to operate in Cape Breton, will
be in the market for ores unless the ex-
plorations now in progress in that
island and in Newfoundland shall prove
up better than is anticipated.
Tt is said that at one time, several
years ago, the Whitney people contem-
pated the control of iron properties on
the lakes in connection with what aft
erwards became the Dominion Coal
Company. But if any such hopes We're
ever entertained, they seem to have
been given up, and the blast furnaces
to be built at Cape Breton will look
elsewhere for their ores. Naturally
they turn to such ores as can be Sc
cured for water transportation. and it
is possible that Cuba or Venezuela will
be called on for the supply. There is
not enough known as to the Newfound-
land ores to warrant one insssaying
that they can be used on a large scale
by the Cape Breton furnaces.
The large iron ore properties In the
United States have already passed into
the hands of great iron and steel com
panies, not so much perhaps for pres
ent as for future use, and If any one
should go into the market to-day for
an iron property he would have diff
Guilty in finding it. The recent acquire
mant Of the Hanna interests on the
lakes by the National Steel Company Is