Los Angeles herald., 1906-04-08
MANHATTAN MINE
STOCK ADVANCING
INFANT CAMP Is FAVORED BY
INVESTORS
Discoveries at Round Mountain Start
Stampede-Claims Change Hands
at Ever Increasing
Figures
peoIal to The Herald.

MANHATTAN, New, April 7.-Start-
ling discoveries at Round Mountain, a
few miles northwest of Manhattan,
have caused a stampede toward that
end of the camp. 1t is evident that
the same ledge of ore which traverses
this camp extends for miles in a trend
northwest and southeast.
This is true also of the relative po-
sition of all the Nevada gold camps.
Beginning at the top is the Comstock
lode which produced over 100000, 900.
Next comes Manhattan, the new camp
then Tonopah, the camp where $780,,
100000 OF gold ore is blocked out i'll
sight, then come Goldfield, Ida. Bull
frog, each lying southeasterly of the
preceding one. Finally at the foot of
the state is Searchlight. A line drawn
through these camps would irregularly
parallel the state line between Cali
fornia and Nevada.
The permanency of Manhattan was
passed upon by two of the greatest
mining authorities of the country, Wal
ter l.. Janney and o. p. Posey, both
recognized as men of eminent learn
ing and extensive research in min
eralogy. After an exhaustive exam
ination of the mines, both pronounced
favorable judgment which is a matter
of qualification for every investor.
Newest Sensations
The recovery of the ore shoot on the
April Fool claim of the Seyler-Hum-
phrey company's estate is look upon
as of extraordinary Importance to the
district. This follows the sensation af-
forded by the Crescent claim on Gold
Hill, where boulders of quartz weigh
ing from one to two hundred pounds
are being hoisted, literally spotted with
free gold and impregnated through and
through with the precious metal
Pine Nut is more than meeting eX-
pectations of It's owners. Development
work is directed toward sinking main
shaft west of the Manhattan Consoli-
dated line. An important strike has
been made on the Little Joe property.
The transfer of the Stray Dog and
Indian Camp properties to syndicate
of Salt Lake and Goldfield capitalists
has been consummated. The amount
involved in the deal approximates
100000.
W. H. Wells. a Philadelphia capital
ist. has closed one of the most i'm
portant deals in the history of the
camp, purchasing in the interests of
eastern moneyed men the Flying Cloud,
Snowman and Eva claims on Litiga-
tion hill, and paying for them over
100000.
Jack Campbell, formerly chief con-
sulting engineer for the Schwab- Nc
Kane syndicate, has arrived here from
Goldfield to take charge of the Stray
Dog, Indian Camp and Jumping Jack
properties.
Reports are to the effect that II. H.
Clark of Bullfrog, one of the big oper-
ators at Bullfrog. has paid $4,000 for a
lease on one claim.
w. r. Benzie of Denver left Man
haitian for the east this week after
purchasing four claims for the Man
haitian Eastern company. The pur-
chase of five claims, the Nevada, CAL
ifornia, Ohio, Arkansas and Pennsyl-
vania, by the Greater Manhattan Con-
solidated Mining company of Los An
geles has just been finally consum-
mated. Development will begin i'm
mediately.
Ore of phenomenally good grade is
reported to have been opened on the
property of the Manhattan Consoli-
dated. Details of the find are meager
but as far as ascertained the rock is
plastered over with free gold, and
specimens in sacking lots have a value
of one dollar a pound
The town of Manhattan is building
rapidly. There is no letup in mining
development and conditions generally
are far better than merely satisfactory
In fine, Manhattan is swiftly progress
sing to a position of prominence, and
the future is vested with every assur-
ance of prosperity and plethoric pro-
duction.
The rapid advance of those Manhat-
tan stocks which are listed on change
is a source of much satisfaction in the
camps, and an index of the appreciation
felt for this infant camp by shrewd in
vestors. Manhattan Consolidated is
now well above the dollar mark, and
little of the stock is to be picked up
at any price. A short time ago it was
selling at twenty-five. Manhattan
Dexter is the second stock to pass par.
Manhattan Mining has suffered from
neglect, but this will be compensated
for as a good strike is reported on the
Annie Laurie mine. Seyler- Humphrey
is again gaining. The Manhattan
stocks as a whole show advances with
a few declines, and those but mo-
mentary.
Controlling interest in Manhattan Big
Four has passed into the hands of >.
f. Vermilyea. a prominent lawyer of
GoIdfied. The price was close to
twenty-five cents a share.
one hundred shares of Pine Nut were
put on the market March 12 at fifty
cents. and all sold within five days.
The price is now seventy-five.
March TO- Manhattan Crescent was
offered at 1715 cents. Before the ad-
vertisements Travelled as far east as
Salt Lake the allotment was sold out
Price now tweuty-seven. Manhattan
Gold Wedge, which was selling at
twenty cents on March II. is now at
twenty-eight. Stray Dog has advanced
to fifty-five cents by reason of recent