Los Angeles herald., 1906-03-25
MANHATTAN IS
AN ACTIVE CAMP
PAST WEEK MARKS DISCOVERY
OF RICH ORE
Stock Which Sold at $1.oo a Few
Days Ago Now Commanding
SIPS With None for
Sale

Special to The Herald.
MANHATTAN, New, March 24.-The
past week has been one Of important
finds and remarkable activity in or
ganization of new companies. as we'll as
OF gigantic development operations in
camp. Manhattan continues to be the
wonder of modern mining. Reflection
of it's glory shines in the latest quota
tions of stocks listed on change.
Manhattan Consolidated, which hov-
cred about the dollar mark a week
ago, is now quoted at $1.25. Its price
thirty days ago was 25 Manhattan
Dexter has risen in the same period
from Is to H. Beyler-Humphrey has
come up from rs to 40. Other stocks
which month ago were quoted at 1C
to Is cents now read as follows: Man.
haitian Mustang, 81; Manhattan Cow
hoy, 20; Manhattan Mining, "a; Man
haitian Bronco. 20.
Many Manhattan stocks are not fol
sale at any price. In the Pine Nut
claim adjoining the Manhattan Con-
solidated on the east a strike of i'm
portance equal to any heretofore made
is reported Specimens literally alive
with free gold have been taken from
the find.
Open UP Main Ore Shoot
Manhattan Consolidated has also
opened up an extension of the main ore
shoot. Developments at shaft No.
indicate that the vein will continue for
some distance to the west, giving an
additional ore reserve of more thar
transient import.
The Manhattan Consolidated is
acknowledged by all mining engineers
who have examined it to be not only
the greatest prospect in Nevada, but
giving promise of developing into the
greatest gold mine in the United
States.
Greater Manhattan Consolidated is
owned by Los Angeles capitalists, rep
resented by the Pacific coast mining
bureau. 1t has been incorporated under
the laws of Arizona and is to be ope-
rated by Los Angeles management. A
large Los Angeles firm Is reported to
have sought to secure an option lately
on Manhattan Midway, which opens for
investment. A shipment of ten tons of
ore will be made by the Stray Dog
claim, which will average between 5000
and 5000 a ton. A shaft has been sunk
on the Chipmunk claim, adjoining
Bronco on the east. Leasers of blocks
dHu anu VI IlS IhuSldliSo iiililC IebNO
developed at fifty feet a body of high
grade milling ore.
The formation of new companies goes
on apace. 1t is now reported that the
immense holdings of the Manhattan
Dexter amounting to twenty-three
claims are to be subdivided into several
smaller companies.
A great many inquiries are addressed
to mining men here on the ground
from their friends in various parts of
the United States inquiring as to the
certainty of the future of Manhattan
as a gold-bearing district-inquiries
provoked doubtless by impulses to
invest.
The immediate success of Manhattan
camp is assured. Its production eX-
ceeds by five times the outputs of Gold
field or Tonopah in the same measure
of early existence. The average value
of Manhattans gold production to date
is almost $500 ton. This means the
record of production of any gold camp
in the world.
Great fortunes are going to be made
in the next few months in Manhattan.
But ever since the first pick was driven
Manhattan has been distinctly and con-
spicuously a poor mans camp. Poor
men made the discoveries, staked the
claims, opened up the properties and are
working the leases. When the rich
buyers come along they must take the
mines at the poor mans own figures,
which will be fabulous.