The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-12-31

$40 1000, 900. consisting Of 100000 shares
or q par value Of $40 each, The corporation
the articles stipulate that the company will
at no time be liza Bile for an indebtedness OF
S sStetE an no s 3 1900, Ths~ company Any ,I pS,d she
tors are Thomas Y. Cole, Chester 4. Congdon
and Charles d 'Autremont, a y of Duluth.
On the third Tuesday In March, 1908. three
directors will be chosen and three will he
chosen each succeeding year. The board
81 directors is to consist OF three classes;
three directors. Al each annual meeting the
successors Of the directors whose terms sha
oftce for term Of three yea RI. so that the term
OF once OF three directors shall expire each
! The first class Of directors will be Charles
I a: Duncan of Duluth. Cleveland n. Dodge
of New York and Myron NJ. Parker Of Wash
ington. ID, G.. The second class of directors
will be Chester A.. Congdon and Charles
d Autremont, Jr.. of Duluth and CAPT. James
hoatson Of Calumet who win hold 2nice
on the third Tuesday in March. 1909. The
third class of directors will be Thomas r;
Cole Of Duluth, John ID. Ryan Of Butte ana
Col. William e. Greene Of Hereford, Ariz.
These three will hold office until March, 1910.
COLORADO SPRINGS. Dec. 2s.-The Cripple
Creek product for 1905, based on the work OF
mills now running at regular capacity for
the last week, il SIS. 5O3, 500:
The ore tonnage reached $3.50 tons.
The vera re Va lue per ton OF smelling ana
mill ores showed no ia ling OF. but the general
average was decreased from 1905 slightly
by the large amount OF ore treated by cyanide
plants. where ges ranged from $3.50 TO
81 per ton.
As the cyanide product il supplementary
TO that Of mills and shelters. the general
output il Increases by just that much. Dur
ing 1900 il amounted to 10 per cent. OF the
whole. During 1907 10 will be more. as several
plants Of large capacity will start up in Janu-
AIRY or February.
The Portland, Golden Cycle. STATIONS
TndaDandanpa Z "A dicafO HI Iaan a nd OthQrR
were among the main producers during 1900.
Cripple Creeks total production to date is
lne total dividends exceed s25. 900. 600.
exclusive OF close corporations, leasing nrms
and individuals. whose profits II oDtslna5ie
companies are represented in the dividend
total. or these the Portland leads with about
Sales Of shares Of Cripple Creek mining
stocks on the Colorado Springs Exchange,
while comparatively slow during the first
eight months. have Increased greatly during
the last -four months. and material advances
have been scored in mines and prospects
tunnel scheme is partly responsible for this.
although production and dividends have
aided most The year closes with a well
defined and doubtless permanent advance.
The Cripple Creek mining companies have
agreed TO drive the Catch Park or a still
deeper tunnel in order to drain the camp
to the leading shippers. At a meeting in
Colorado Springs the last week l.000. 600
tunnel to early completion. The bore will
be practically three miles long. Work will
begin. however, at either end and at two
or more intermediate points, aud may be
completed within two years.
The weter level. according to the report
OF engineers who surveyed, the three routes
open to the tunnel. will be lowered from
1000 TO $500 feet in several important mines.
The average level, now $3.50 feet. will be sunk
The tunnel is the most important Cripple
Greek enterprise of 1908, as the deep mining
possibilities make the camp again specula-
tive, and add a quarter of a century to its life.
The Golden Cycle mill, which is about ready
TO start up. at Colorado City, will treat ores
from the Golden Cycle and the United Gold
mines properties; also from the mines OF the
Finley and Gold Sovereign companies. The
product of these shippers has been. treated
Company's plants. also at Colorado City:
The tonnage will tax the Golden Cycle mill
As a result. the United States Reduction
and Refining Company offers Inducements
In reduced treatment charges TO secure Gus
tom ore from new sources. Other companies
threaten to join in the rate contest.
The Western Union Mines Company is in a
X p. claim on Rhyolite Mountain. Cripple
Creek. The entire dyke carries 81 to si2 q
ton values. but assays show values as follows:
two inch streak. Sia.2o. The Wish hone
cyanide mill, close by. will treat the product.
The territory has been considered outside the
The EIEton Consolidated Gold Mining Com
pany. Cripple Creek. Produced during six
months ending December /. S34?. 3eS. es gross.
or $3.50. 7OS 90 net. The mine IL perhaps the
only one az the camp which shuts down Sum
days. During 1905 2 total OF $500 ives
will be paid al the rate of one cent bi-monthly
instead Of one-half cent monthly; This
property will be on the direct line OF the pro-
jected drainage tunnel.
MONTANA.
BUTTE. Dec. 2s-The final payment on the
purchase of the Ohpir mine has been made
r., thu Ruffa Central and ROetOn Conner
Corporation, which took over the property
July 1. after an examination and favorable
Butte BY Freeman J.. Dawson and his ASSOC
ciates Of Boston. Al that time. the SHAFT
was less than 800 feet deep. and IL has been
sunk to the 500 foot point. where an 400 gallon
pump has been placed in. all the levels.
four in number, fine bodies OF silver ore have
been opened some Of the ore showing sood
has disclosed eighteen feet OF ore in place,
Besides carrying high values in silver and
gold. this ore shows considerable copper
glance and sulphides a~ssayiDs as high as 2
per cent.
no shipments will be made until the new
surface plant now being installed IL ready
for operation, which will be In about thirty
will have expired. II is said that shipments
Of ore will then begin, on a scale OF at least
200 tons a day. The sha' VII be continued
every 200 feet The new company has ac-
ouired considerable additional property since
IL purchased the OpnH' lnt ldltrl u'Iulri-
ton is the Boyer mine. a small property on
East Park street in the city, on which there
is a shaft 2I5 feet deep and from which some
The Amazon Butte company. organized
two months ago, has erected a number OF
permanent buildings and a complete machin-
cry plant. II has a large double compartment
Amazon, West Altoona and Gaynor lode
claims, al patented many years ago. situated
about a quarter OF a mile south Of the Bull
whacker. They contain for more than 900
feet the main north and south fault vein which
is so prominent in the Bullwhacker. The
Amazon group also adioins the properties
OF the Ida-Montana company directly on
the west and covers 800 leet OF the main
Ida east and west vein, from which
that company has extracted excellent
suinhide ores al a depth of only 10 feet. The
Amazon ground also contains four other dis
tinct veins. The location OF the shaft was
seiected as being some distance from any
vein. vet IL dropped down upon an unknown
vein II feet wide al a depth Of 80 feet, from
which highly mineralized ledge matter and
some ore has been taken. The shaft should
reach a depth Of 500 feet by May. and then
crosacuttlng will be done. while sinking OF
the shaft progresses 20 q depth Of 200. or
200 feet. A humber Of leasers are working
In Amazon ground on the Bullwbac ker fault
vein and are opening another. big deposit OF
silicate and carbonate ores, almost Identical
with that found In the Bullwhacker. They
have found at a depth of 90 feet several