Gilpin observer., 1900-03-15
FLOAT,

The directors of the Isabella Gold
Mining Company ON the 10th declared
the regular quarterly dividend of )
cents per share. amounting to S67 800.
When this dividend is paid the Isabel
Ia company will have distributed to
stockholders SCOT 800.
The principal difficulty In the start
ing of new mining enterprises is in Sc
curing adequate machinery. The con
Germs selling plants for the mines re-
port an Unprecedented rush. and that
orders in some cases are three months
behind. In many instances rather
than have To wait for new plants min
ing men have been utilizing old
ones which have been stored away.
A careful computation OF the tonnage
produced by the Lcadville mines shows
IA daily average of 900 tons for each
day in the month. 1t is expected that
March will show about 10000 tons.
About 600 tons comes from the gold
belt by rail. and from 800 to 600 tons
from the properties up California
gulch. Graham park contributes over
800 tons and Carbonate hill and Iron
hill. with the down town basin makes
up the balance. In one day the Rio
Grande road alone shipped 1900 tons
of Leadville ore to the valley, exclus-
i've of its hill tonnage.
All the mineral wealth of the Mos
quito range is not confined to the
Leadville side. About fifteen men are
at work on the London mine for John
NJ. Kuhn and other lcssees. and have
exposed fine body of ore carrying
gold, silver, lead and copper. The
vein is from one To three feet wide. and
has been exposed for 100 feet. The
lcssees have been shipping all winter
hauling with two four-horse teams
These teams cannot haul the ore as
fast as it is mined. and about 100 tons
have accumulated ut the mine. Smell
ter returns by carload lots show 1O.S5
ounces in gold. 10 ounces in silver and
fifteen per cent. lead per ton.
A good strike is reported from Gran
lite. The mineral was discovered in
the Magenta mine. operated by Mr.
Barrick, and consists of an eight-inch
streak of gold ore, assaying $3.50 per
ton. This streak has been followed
for thirty-iivc feet, and there are indi-
cations thai il can be followed to the
surface. Il distance of 100 feet. Ac-
cording To Editor Pelton of the Pay
Streak. il is the biggest strike in the
Granite district for many years. The
Belle of Granite Is making n good
showing. At II depth of 22O feet the
pay streak Is five inches wide. carry
ing twenty ounces in gold and one per
cent. copper. If this kind of ore holds
out the Belle will bc Il wonder.
The report of the work done on
Stratton's Independence mine during
February has been completed. While
the production WIS not quite aS large
as in some preceding months. IL was
satisfactory. Ms the quality of the ore
taken Out is remarkably evcn the re-
turns showing that during the twenty
seven days of operation the output av-
crngcd 100 tons n day of four-ouncc
ore. I he exact product was 100
tons hoIsted. Of the value of S22O, 900,
or about So "A ton. The mine Is re-
ported 10 be in splendid condition. The
ore reserves are much larger than they
were II year ago. and more new bodies
were found in February than In any
previous month In the history of the
mine.
There is II tonnage df II can be so
dignliiedl moving from the camp which
though small furnishes at least one
man with his tobacco money each
month, says the Leadvillc Herald Dem
ocrat The various colleges and uni
versitics of the country require n con
stnnt supply of mineral specimens. not
only for their cabinets but for chemical
Laboratories. In some of the tcchnl-
cal schools old ore controls. which have
long since served their purpose, are
used for chemical assaylng. hut In nd-
dition new specimens are In constant
demand. \ man named Hart IN Man
ltou seems 10 have worked up big
trade in this line. He supplies most
of the universities of the world with all
kinds Of mineral specimens, and has n
standing contract with young man In
this city for from twenty-five to fifty
pounds Of pyrtcs n month, for which
hc pays IL cents pound. Any vnlu-
able mineral specimen Is paid for ac.
cordlngly. Mr.. lInrt's shipments Ia
the great universities of the county
amount to hundreds of pounds II
month. and the demand Is much great
cr than the supply.