The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-04-18
STOCKS AGAIN N DEMAND.
RECOVERING SOMEWHAT FRO0
THE RECENT COLLAPSE.
Rumors That Canadian PARTIES
Have Purchased All the Treasury
stock of the Mountain Lion
BIurkburn Jumps the Gold Ledge

Special Dispatch TO the Posi-Tntei'igencer.
SPOKANE. April 17--The mining stock
market which has suffered sorr1exaa. Of
relapse from the boom that has pre-
vailed. is again improving. Many Of the
leading brokerage firms here report that
thS week just past has brought in more
orders Ter stock than has been noted for
the past m9ntA. Prices however have no,
gene up anywhere near the mark seer FL
during the height % the boom but THIS
Is not expected. as many OF the stocks al
tnat time were being transferred al hg-
ures not warranted by The development
OF the properties behind them. Trades
that are nov being made are almost en-
iiFeiy In properties whose development in.
dieate beyond question that they viii be-
come dividend payers.
Mountain Lion Treasury stock SOLD.
A report is current a; Republic that q
Montreal and Toronto syndicate has sue
ceeaed In securing the entire block of
the treasury stock in the Mountain Lion
property, which at the present price quot
Cd In tha: stock would cnrica the treasury
OF that company about sis5.eo. This sum
would be ample TO fully Develop the mino
and put in modern milling plant. which
II IS the Intention OF the company 10 do
before the summer is past.
The Gold Ledge Jumped.
The Gold Ledge which recently came
Into prominence through the discovery OF
big ledge of high grade ore. was jumped
last Wednesday by Alien II. Blackburn
shortly after Manager LiiieDthal had left
temporarily for Spokane. Mr.. Blackburn
gives as his reason for jumping the prop
erty that the shaft had been sunk on
vacant ground. and was not claimed by
any one. and therefore he had right 10.
locate the ground. The impression pre-
walls that there is nothing In his conten-
ton. and the jumping process was done
solely for I.e purpose Of tying ap the
property in a laws..i,. Manager Llien-
thai has shipped leo pounds OF the Gold
Ledge ore for mill test il order TO
ascertain positively what values there is
in the ore. IL /, proves as rich by actual
test as II has in the assays made, the
claim will be bonanza.
Deal on In the Liberty.
The officers OF the Liberty, a mast prom
ssing property lying near the Republic.
make the statement today tha, Boston
man. whose name they decline just now
TO give out is trying to negotiate the
purchase OF the whole of the treasury
stock OF the company he having spent
sevral days a, the camp inspecting the
claim.
Republic Divide NJ Dis to Increase.
II is probable ;ha. the new Republic
company viii declare It's first monthly
dividend--the fifth dividend TO be paid
out OF the mine--in a day or two. 1t will
be the usual amount of $4,000. Patrick
Clark is authority for the statement that
the succeeding dividends viii in all prc6-
ability be increased 20 $4,000 4 month.
Insurgent stock in Demand.
The past few days has Witnessed an
exceedingly lively demand for Insargent
stock, with the result that the price has
gone up TO ia, cents per share. The COM
pany is daily in receipt OF returns from
the ores being sent 10 Spokane for assay.
and ii shows unusually high values. The
last returns were as follows 80.
slSs54 sl7e3e and 1862 GO. They were taken
from a two and a half foot vain In the
nve-fnot ledge at the bottom OF the thirty
foot shaft that ls being sunk on the second
cross vein from the Lone Pine ground.
Taking the whole width OF this ledge the
ore will easily average 500 across H.
carload OF this rich ore Is now being
sacked for shipment.
Purchase of Mammoth.
Finch & Campbell Of this city. have
purchased Mrs oNcirs three-eig aths in
terest In the Mammoth mine. In the Occur
YAlenes at 81 figure Gaid to be $4,000
or a valuation Of $4,000 for the mine
BY many the Mammoth is considerd the
biggest property in that district.
Eleventh Monthly Dividend.
The Deer Trai, No. Mining Company,
owning the rich silver mine of that name
in Cedar canyon. today declared the eiev-
enth monthly dividend Of $500.