The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1899-03-15

The papers from that country give
good accounts of the operating lOca-
tlons. The Herald. Of Koochiching
says:
1.-THE Olive lO-stamp mill, which
has been running now over two weeks,
had a cleanup at the end OF the first
week which resulted in 624 ounces Of
amalgam, or about s5, 900 in gold bull
lion. The ore was a mixture taken
from the Is foot level and is not re-
garded as carrying anything like the
value at the bottom of the shaft.
Everything about the mine and mill
is working smoothly and as soon
rs the air compressor drills get
properly to work it Is expected to
crush 30 tons OF ore per day.
At the Golden Star mine there 10
great excitement over the discovery
of a rich pay streak in the west drift,
between the third and fourth levels.
which assays hundreds Of dollars per
ton. The management 10 very con-
sentative as to exact richness of the
find but when questioned admitted
that the ore was so rich that 1t was
being sacked in the drift and carried
direct to the mill.
J. Mcleod. examining captain OF the
Golden Star, has just closed a deal
with ]. P. Rossman, Of Duluth, for a
location north of Bad Vermilion,
known as the "Swede Boys claim"
Mr.. Rossman was here several days
examining various properties.
Col. Hillyer, of West Superior was
here this week for few days, closing
some big deals whereby 1900 acres
have been added to the Alice A prop
erty, including large timber berth.
We will have 500 stamps dropping,
said he, before two years are over
and you will see the Alice A mine
the wonder of the century. ," The
colonel leaves in a few days for Lon
don, Eng, where in company with
his English associates he will perfect
the plans for mining on large scale.
Supt. Robbins left for Duluth and
Chicago on Friday morning on bust
ness connected with the mine, which
is supposed to be for the purpose OF
ordering aquantity Of new machin-
cry. Everything points to a lively
time in this district next summer, as
mining is now on the boom.
At a meeting of the directors on
the 9th, the Golden Star Mining
company notified its stockholders
that dividend OF l per cent had
been declared and that hereafter
these dividends would be declared
every month. This will make the
property pay IL per cent per year,
which is very good return on the in
vestment. In January the product
of the mine was 1000 and the COM
pany's officers state that with the
ore in sight the output hereafter will
emily be regulated by the capacity OF
the facilities. The product for Feb
ruary, which was sent down this
week in the shape Of several gold
bricks. is said to be nearly s25, 900.
Dunn's review of trade conditions
last week says: "Most people would
not expect the production of pig iron
to be affected by the weather. Yet
in the Pittsburg district alone the
furnaces running are said to have
produced $4,000 tons per week less
than their January output, so that
the decrease in weekly production Of
all furnaces of 22S,191 tons March /
against 237 500 tons Feb. l does not
mean anything more than bad wealth
er. The shrinkage Of supplies of iron
in February, just when increased sup
plies were expected and needed, has
contributed much to the extraordin-
airy advance in prices-s2.75 in an
thracite No. 1, Feb. 1: $3.50 in Besse-
mer pig at Pittsburg, and $2.75 In
gray forge. The unsold stocks were
also reduced in February 46, 401 tons,
so that the apparent consumption
was 977,979 tons in the short month.
The property known as the Moose
near Virginia has been transferred to