The San Francisco call., 1899-12-10
QUICKSILVER
NOW HAS ITS
BOOMING RISE
j. v. Coleman's Quad
alOupe Bonded.
BUT NOT TO R0THCHILDS
SKY-CLIMBING PRICES MAKE
RED CINNABAR LOVELY.
The New Almaden Not Sold, but
Hunting for Ore - Manager
Bulmore Retires Janu-
ary l.
BUT NOT TO RoTHcHILDS
SKY-CLIMBING PRICES MAKE
RED CINNABAR LOVELY.

There is big quicksilver boom abroad
in California, and as one result the old
Guadaloupe quicksilver mine in the Santa
Cruz Mountains. not far from New Alma
den, has been bonded by some Napa peo-
pie represented by John pavie Of that
place This and other circumstances
present a possibility that this important
property, which has been idle since 1885,
may be reopened in the future.
The property belongs 10 the Coleman
estate and is controlled by James V. Cole
man, but has been in litigation for years,
as II is yet, and this reduces the chances
| of early operation. No sale has been ef-
fected, and whether the people securing
the option directly represent adequate
| capital or not is not known.
! This simple bonding proposition, SINH
/ lar TO many more important ones effected
/ every week has started the report that
| ''the Rothschilds" of London had secured
this and the old and great New Almaden
/ quicksilver mine; 1t is proper In these
/ days TO smell the ROthschilds behind
every mining deal in which particulars
are unknown But the report Is oaselesds d
Superintendent c. c. Derby said last
night:
"There is not the slightest basis for
| the report as far as the New Almaden Is
concerned. The Guadaloupe has been
bonded by some Napa people, who nave
/ been around there for week. What Will
] l
! reached a production of 1900 TASKS in one
month, but has been idle for fifteen years
/ with only watchman around. Report
has apparently got the Almaden mine OF
! Spain mixed up with the New Almaden
! here That great mine has long been
/ operated by the Spanish Government
which has owed the Rothschilds ana
/ guaranteeing so many TASKS per month
and giving the London interests virtual
control Of the worlds quicksilver mar
I
/ childs made further loans during the late
war and have now made over the mines
! themselves.
James V Coleman said last night in re-
\ gard TO ;he deal: Il have bonded the
! mines but as part Of the estate IS still
in litigation there is possibility OF the
! deal falling through. / cannot say II
preparations are being made for reopen
] ing the mine / know nothing beyond the
/ fact that / have bonded the property.
cannot. in fairness to the prospect
/ i've BUYERS. give any names. but
the deal was made through John Davie Of
| Napa The property is. | believe. very
! valuable and | should haYe developed II
myself had not these capitalists made
overtures for its purchase"
The Guadalupe deal is one OF the re-
| suits of the boom in quicksilver. The de-
mand exceeds the supply. as I'm the case
! Of iron. copper, zinc and lead. and for
! several months prices have been mount
| ing From $36 the price has gone to $50
for export, the last week having seen an
! advance Of 81 20 per fask-76l2 pounds.
| The boom is stimulating. then. ten or a
dozen important producing mines TO
| search for rev ore bodies and crowd pro
duction and many small mines and pros
! poets are being opened through CalIfor-
MIA. which produces all the quicksilver Of
| America.
The New Almaden has just undergone
an important change of administration.
r. r. Bulmore, who has long been gener-
al manager, retires on January l and g.
| c. Derby who has been superintendent
! for eight years, will assume the entire
management OF the property. The mine.
which once produced half the worlds sup
ply. yielding from 30 900 TO 1000 TASKS per
| wear and which is one Of the three or
four really great quicksilver mines of the
| world is now producing at the rate of 60OO
| TASKS a year. The rich ore bodies have
been exhausted and now, while prospect
ing for new ore bodies outside OF the vast
network Of seventy-five miles of under
| ground tunnels is going rapidly on. the
| production is coming from the old dumps
| and from lOw-grade ore. running from !
| to per cent, passed by in former years.
| San ErQnriSCn PQrlnrfC