Los Angeles herald., 1906-10-22
CAMPS TO HAVE
WIRELESS TELEGRAPH
WONDERS OF THE NEVADA MINERAL
Electrical Plants and Railway at SearchIight.
Shasta County Mines-Excem at Silv
Lake--PrOfts in Dredging

a width Of four feet, assaying as high
as S60.0O
Several properties have changed
hands at Searchlight during the past
week. Owing to the rapidly increasing
population the hotels and lodging
houses are taxed beyond their limit,
and the opportunity for a large sized
hotel Is good.
In Shasta County
A very interesting bit of news af-
fecting copper operations in Shasta
county has just come to light. II re-
lates to the renewed activities now taxi
ing place at the Shasta King mine, which
is the principal holding of the Trinity
Copper company. Thomas w. Lawsons
pet western holding in copper mines,
and is claimed by him to have 100000
tons of ore developed.
1t is reliably stated that the Ameri-
can Smelling and Refining company,
the so-caled smelter trust. has en-
tered into arrangements for the pur-
chase of the Trinity Copper companys
ores to the maximum extent of 1000
tons per day. or minimum of 300.
The Trinity people must deliver the
ore at the new Balaklala smelter. now
building at Coram, and plans are al
ready formulated for tramway two
and one-half miles in length. The
Trinity company will get the market
price for the contents Of it's ore. Smell
ter treatment will be $500 per ton.
The Balaklala Consolidated Copper
company has received United States
patents for the Gold Nugget, Togo and
Nogi mining claims of 100 acres each.
These claims are all in the famous sec
tion 20, which includes the smelter site
and the townsite of Coram.
Excitement at silver Lake
1t is reported that M. T. Amos, J. G.
Amos and F. K. Myson of Salt Lake
have caused great excitement In the
region of Silver lake, fifty miles from
Ludlow, in San Bernardino county, by
uncovering an immense ledge of cop
per, which has been traced for miles.
Hundreds of prospectors are focking
into this region and already reckless
buying is adding to the excitement.
Deals involving from $4,000 to $4,000
| have been made, the chief purchasers
being P. ]. Roddatz Of Salt Lake City
and Peter Heick Of Los Angeles. To
add to the excitement a rich silver
strike has been made at Gina, where
great chunks of native silver have been
| uncovered
The Oroville Dredging company. a
consolidation of four California dredg-
| ing companies, formerly owned in Bos-
ton and now under control of English
parties, earned $150,000 net for June,
July and August with nine dredges at
work. These earnings are at the rate
| of II per cent on $3,500,000 capital
stock, 100000 shares, par So. A quarter
Iy dividend of 2A per cent d2h cents
per share) was paid September 90 On
a basis of twelve dredges at work the
estimated life Of this property Is fif-
teen years. The Yuba company con-
trolled largely by Robert ID. Evans,
has eight dredges at work in Califor-
mia, and is earning 100000 to $4,000 per
| month.
Nuggets Of News
Right at the grass roots on one OF
| the claims owned by the Battling Nell
son Mining company, in the Jumbo
! district free gold ore has been struck
| that assays $34.40 to the ton, and on
| another part of the property four
| foot ledge has been found on the sur
| face which. when panned, showed
pieces of free gold in such quantities
that it will undoubtedly make the rock
| run several hundred dollars to the ton.
The claims Of the Battling Nelson
adjoin those of the Selby Mining COM
pany and it is the belief Of those in
terested that the big Selby ledge con-
tinues over into the Battling Nelson
property.
President woodside of the Tonopah
! Mining company declares Cnat tne time
] will come when the Tonopah Mining
company can declare so cents per share
a month. And this company's stock is
not for sale. so he is not acting in the
capacity of an advertising agent, but
merely to emphasize the possibility of
the big mine for production and earn
ings.
The Guggenheims are erecting an an
timony smelter at San Mateo. Cal, and
ara aaid fO he In the market for DrOn-
critics yielding this metal. Their rep
resentative has already inspected the
property of the Ibex Antimony Mining
company at Bernice, Cal, with view
to its requirement.