The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-15
HUGE BOOM IN COPPER IS ON.
LAKE DISTRICT PEOPLE HAPPY
BECAUSE MARKET ~ RISING.
sensation nj johnnie. New. Caused ny
New Discoveries " Ore -OFer a u
dTed Claims Taken IN In Two weeks
Richest Gold Mine IN the World

NoUoH1oN, Mich. Oct. I3.-The extremely
s,rony ana active copper market Of the present
In almost the sole topic Of conversation IN 'he
Inke. district. and all of the brokerage or1ces
ave crowded during ths exchange hours'
chile tho average inhabitant Il all smiles
AND happy ~ the bNlief that nc - certHW w
m9kc connection, this time, with the mlluoh
that he missed in zach of the few past pooin7'
The inhabitants Of the Take district ana lot
that matter all others who invest ana specn-
lrtr IN copprrs. are happy because the hla'Ae'
IL rising, for they are bulls.
Tho Wiuona is 10 resume production, prop
ably on Monday next, with one head AT 'he
Atlantic mill. The previous production OF
tho Wiuona, secured in 1903 0nd 1904. was IN
the nature Or an extensive mill test. ana was
40 considered and announced by the manage
mont During i90i the mine SECURED an aver
g uf Is "a, mounds Of fine Upper per ton OF
rock stampcd y reasonable degree oil care
heinz exercised in stopping underground ana
N rock selection on surface, An equlvaieht
return from the production that the property
ahould be able 10 maintain for the future
r.ould render tho mine profitable. The
Southern shaft, near the line OF the king
Pm lin mine, is making the best owln
and viii be the principal producer. Nme
levels have been opened, and are avallaole
for stopping. and tho average width OF the
lode IL about Is feet, assuring a good tonnage
SfaInnlllK " w utEii tttt V'sV iisuNs ''' -
probable that a second head will be supplied
q little later. two heads AZ the Atlantic having
daily capacity OF 700 to $50 tons OF rock.
The Michigan remains much the most
promising of the Outoua gon county mines
and is earning a handsome profit on the
present make, prize" Of its shares. though
PRODUCTION romans upon a restricted basis
and the mine will not have an opportunity
to rise 10 its full possibilities until the COM
ulerion of the new mill. when the leased stamp
viii be relinuuishcd and the Michigan will
supply rock 10 two heads In its own mill,
doubling the present output The Michigan
st the present time IS earning al the rate
Of about 5000 600 a year on the production
Of a single stamp, and the output will he
doublcd az soon A. che new mill il in COM
mission. the mine having been dew eloped
Evs, omatirally for three years past with "A
view 10 feeding two stamps The manage
ment very wisely has charged underground
development for future requirements direct
10 operating EXPENSES instead OF 10 con-
stTuCtiOn account
For the calendar year 1903 the Michigan
earned net mining profits OF SA5.AlO, 10. from
2.sel. 7aa pounds fine copper produced. copper
being sold NJ an average OF 1889, cents,
leaving cost iA.l3 cents per pound. The
roCk vas stamped a. the Mass mill. AT a
charge OF - cents per ton. Ihe new mlll
will stamp rock Tor about % cents per ton
and as the Michigan rock averaged nearly
a pounds of fine Uopper a ton. of rock stamped
In Iao5, the saving effected by the new mill
Will DC llIlN one t'll per boulh vi COppVl
mode. -@AS
, SALT Lab, oct. 10. In grading out for
the new triple compartment operating shaft
~ the Ohio Copper Companys Bingham
mines the other day a body of copper ore
thnt IL became necessary 10 change the grade
To another point. As IT, Is the new SHAFT
viii probably go through ore for the first
leo feet, when. according 10 calculation, II
will have been passed through. On the
500 foot level Of the Ohio property the new
copper ore body has been driven through
along the strike for more than sOO feet and
siy cross cuts show the ledge and ore body
10 have y width exceeding 40 feet, with
the faces Of the cross cuts still IN ore. AcCur-
ate tests on 2 large tonnage OF ore, are now
heing made in the companys mil with a
reanired i'm the large new milling plant that
the company Is going TO erect.
What is known a. the Little Bell contact has
rrally been cut in the Daly-West mine at
Park Citv. The company ran = long drift on
the oOO-foot level of its property through an
immense porDbyrv dyke for the purpose Of
pruspecting the ground on the south side, A
assure carrying rich ore was Cu' and a raise
N, this assure has now reached me contact
with those prevailing in the adjoining Little
Rel property Tho strike is the equivalent
81 making a new mine in Daly-west ground
4 new ore body has been opened in, the
Eagle and Blue Bell property OF the Bingham
on NE IS0 foot level e a distance Of 400 feet
north Of the shalt and IL, described as being
one Of the most IMPORTANT disclosures ever
and carries some silver. II is from this mine
that The Bingham COMPANY draws Tor most o.
ores mined az It's Bingham properties.
The sensation Of the week in the matter
"f strikes, has been the developments made
crtv, mention Of which has been previously
made Last saturday ore was brought up
from the property which carried native
silver. horn silver. silver bromides, galena
and cTystallized lead. Handsomer speci-
mems have never been seen AZ any mine in
Vho Gfafa aud tho richest nf Tho rock would
undoubtedlv show values running up into
the thousands OF dollars, Ore representing
Grade streak, which is over two feeT wide.
'aTries over ljl ounces silver and 81 per
cent lead The ledge !: eight feet thick
ne hs wing 4 market value Of s65 10 SIS Der ton.
ore shipments from Park City during the
last week aggregated something over 2,325
tons from the Tintic district nearly 5000 tons
were shipped.
The heaviest owners in the Carisa company
have pooled their stock and the shares have
been listed on the New York curb.
The management Of the Jennie Gold Mining
Comnany's proneTtiPs At GOldsprtng. IN Iron
county, IS n the local market buying ma
chinery for = twentv-hve stamp mill which
and IRE first Of next year. Tho company
mines are understood - contain large quantt-
tics of gold ore that viii averag, $40 a ton;
Much OF the stock in this company IL held
In Illinois.
MONTANA.
RrTrE. Mon. oct. 10. The Colusa Leonard
I.tenElOl Z DIpfT ' OllIlNlN UaS utfU- OTRdn-
iyed ~ Butte and Incorporated Inder the laws
Of the state Of AriZOnH with u capitalization
of Is, OOO. 800. divided into L,0OO.WO shares of
fhe par value Of s. each. Tho new company
ON MS five patented mining claims on the east
aide of the Butte district. about ? 900 feet east
Of the Minnie Haaley. COlusa and Leonard
nlinns, the northern portion Of the Pitts
burg and Montana COIppany's ground lying
i,etw epii the mines named and the ground
of the nov company. The latter has the
G,oldep Uematite. Little Mcqueen. Maggie.
Snow bird and Indinc. all patented claims.
WhirTord, president. Never GenZbcrReT. vice.
president James 4. Talbot. treasurer: Arthur
smith, secretary. The ground il unde velOped
hut Is considered 10 he well located in view
Of i've proximity to the Big mines Of the Boston
sud Montana and Butte Coalition. Under the
tcrma Of the contract with the owners Of the
ground the company must begin work within
sixty DAYS, but the expectation il that ma
chinery will he on the ground and sinking
begun ~ thirty days,
The East Butte Copper Mining Company
hes cut through the vein encountered in the
southern cross cut from The 100 foot level
Of the DuttOn mine. and the vein is more than
twelve feet wide. Apparently two Of the
veins worked o. the 2O foot level united
below that point and formed the twelve foot
vein on the 40 foot level. -Four feet OF the
vein are Of very high grade copper and the
remaining eight feet are good concentrating
ore. Work on the CrOss cut toward No, ~
shaft. witch il being sunk AZ the southern
extremity Of the com pany'S ground, IL pushed
RAPIDLY. After the comDany began enlarRtnR
md sinking No. shaft work on the upper