The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-09-11
CRIPPLE CREEK ACTIVITY.
GREAT NEED OF BETTBR Smell TER
AND MILL FlCIL1TIE6

Big Demand for stock-Ths District to
Give 100000 Worth of Orc to the
Paris Exposition ExhIbit-Gold Dtsoeve-
rios In Californin-An AsphaItum Strike.
Colombo SpR1Sos, Sept 6.-The Board Of
Brokers Mining Exchange. OF which President
James 7. Burris Of tho Portland is president
has bought the Dorkee Block for $4,000 and
will mako the first call In one week. The or
ganization Of this third exchange In Colorado
Springs 10 due to the Extraordinary demand for
Cripple Crock gold stocks. During August tho
Clipplo Creek. Colorado Springs and Denver
exchanges sold 80. o0o. 900 shares. represent-
ing cash value OF S5.000.00J. Only about
100000 shares we're sold outside this city.
The Portland stock has baen q sensation for
two weeks past, When Il reached S2.11. the
highest price then paid for Cripple Creek
stock, there was excitement on exchange. A
pool had form ed TO buy 80 900 shares at 81 but
the movement was too SLOW The next day
S225 and tho next 81. 80 were realized, while
holders were lonth to sell Tho Portland
Company OWES ! 20 acres OF patented claims on
Battle Mountain. 1t leads all others with
S2,377,o In dividends. The rumor is that
10 cent or 100000 dividend will be paid in
October. This. with bonanza, are just en-
coun tered. accounts for tho advance In stock.
The total dividends by the thirty nine public
companies which have dlsbursed profits this
year 10 SO. $50. 1896. 7S Dividends paid by other
companies previous to 1890 will add $4,000
600 to this sum. August with 100000 was
the banner month. September. which includes
S450,O or three monthly dividends COM
bined OF the stratton- In dependence. will reach
$3.50. 900. or more.
Work has begun on twenty-five mile road
to connect Cripple Creek with Canon City. New
York capital Is interested In the road as well
as in a cyanide mill to be erected four miles
from Canon City. The mill Ia to be the largest
OF its kind with 900 tons daily capacity.
Cripple Creeks need is smelter and mill ca
pacity These plants are behind our July and
August orders. In the dead lock that results
development is curtailed. Much ore 10 being
shipped to Denver. Leadville and Omaha VAR
ious plants are now building.
Tho Sierra Blanca Mining district 10 attract
ing some attention. The mountain is the
highest in Colorado. New York capitalists
are interested In mines on the Summit. St.
10 is capitalists have a number OF claims at
wrisburg, named In honor OF ono Of their num-
Der. at the base.
The Taylor Park district in Gunnison county
and the Eldora In Boulder are developing pro-
ducers
Cripple Creek camp will contribute 81, 000.-
600 worth Of ore to Commissioner General
Peok's pyramid exhibit at Paris. The ore can
DC uluOu III tWouty oayb ~ eho piobous JUL
put.
DENVER. Sept. 6.-Among the interesting de-
velopments OF Cripple Creek camp ia the dis
eovery Of new ore chutes In mines which had
apparently run out OF orc. The Doctor. the
Jack Pot. the Fluorine. the FL Paso. the Moon
Anchor and the Moose have each hid eras OF
20 I'd production. followed by stagnation. The
revival has come through subsequent opera
lions by lessees,
The dividend declared by the Independence
Com pany under it's new management is only
one OF many that will go to stockholders. The
mine has record OF $5.000.000 output with
profit OF %. $50 900. but moro remarkable than
this showing ia the fact that the ore maintains
its regularity Of value. no matter from what
part OF the mine II comes
A discovery OF tin ore six miles from Salida
is reported. The prospeotor was developing
god mine when no passed through twenty one
feet OF peculiar looking rock material and he
concluded to send In a sample to the assayers
who reported l per cent tin in the deposit.
The months output from Gllpin county was
$50 cars. the largest vet known In the history
OF the county. The output OF Creole camp Is
increasing daily.
The placer dlgGings OF Park county deserve
careful attention. Soon after tho frst dlscov-
cry OF gold in Colorado tho guches along
MOSQUITO range were vigorously worked and
several million dollars worth Of gold realized.
but there remain thousands OF acres OF virgin
ground because o! the cost OF bringing waterto
the territory. Tho easily worked placers have
yielded up the bulk Of their gold values.
though even they are still producing gold. The
Clark placers. opened thirty years ago and
equipped with fumes and giants. have been
practically abandoned since the owner died.
though Chinese miners with short fumes and
sluce boxes have managed to earn some
money on this ground. With hydraulic eeva-
tors and dredRes this property could be made
to yield rich return but 1t would need large
outlay OF cash at tho beginning.
CALIFORNIA
Los ANoELEs. Sept Am important dis
eovery is reported from Mono county. on the
Sast side OF the mountains. In Huntoon Valley.
The Lee Brothers have found nine gold bearing
lodges. OF an average width OF from eleven to
twenty-eight inches. standing ono above
another and out-cropping six or eight feet at
many points. The grade OF the rock is wonder
fully rich. Anywhere by breaking the lodges
gold can be seen. Jumps OF float. found a
mile below tho ledges. show gold In largo
quantity. Much OF the rock will 60 ten dollars
q pound. and it averages up in the thousands
per ton.
The Empire copper mine. at Copperopolis,
Caaveias c. unity. has been transferred to the
Ames estate OF boston. owners OF the Union
mines, adjoining, The price paid was 500 900
There 10 much activity just now In hauling
machinery and mining supplies into Southern
Inyo county. most OF it going to the Panamint
country the Slate range. and the Argus
country. The Raudsburg railroad 10 taking in
car after car to johannesburg. from which
point 1t 10 hauled by team. A number OF new
mills are being erected in those sections anil
the desert mining region was never In a more
prosperous condition A strike 10 reported at
tho Warrington niue. near Havilah. Kern
county. and it 10 said tho vein 10 proving very
rich. There are on the dumps 10000 tons OF
low grade ore that will run from 81, so to 81 per
ton.
Work has begun on the extensive borax de-
posts near Frazier Mountain. where 1t lies In
dry lakes and Lodges.
A strike OF semi-liquld asphaltum has been
made in we'll that was being bored for oil at
tho Higgins ranch. near Carplnteria Santa
barbara county The stream OF asphaItum
Tan 81 I L.