Los Angeles herald., 1906-07-08
MARKET LETTER

LOS ANGELES, July s.
During the past week sew
eral important events have
transpired in connection with
the mining companies in Man
haitian for which the Pacific
Coast Mines Bureau is agent.
Official announcement of an
advance in the price of Man
haitian Gibraltar Gold Mines
Company has been issued by
the secretary of that company,
the date of advance being set
for the 22d inst, two weeks
hence. This extension of time
is sufficient 20 permit the in
formation, which Is given to
the stockholders in a private
circular, to reach all by mail
and allow time for all who
wish to reply, enclosing or
ders for more stock at the
present market quotation.
Greater Manhattan CONSOLE
dated is now being developed
by tunnel contract having
been let to Boyd e. Harrison
of Manhattan, who are push
ing the work with expedition.
and with every expectation of
cutting the ledS1s N.ithin a
few weeks. The showing be-
fore the tunnel was in thirty
feet justified an advance in
price of stock. and it is likely
that such an official an
nouncement will he forthcom-
ing soon. A circular letter of
information respecting this
property has lately gone out
to the shareholders. Free maps
of Manhattan, showing the
location of the Greater Man
haitian and Manhattan Glib
raltar properties may be had
for the asking at this office.
Later information about the
progress of development on
these two properties than has
been impaired by the recent
letters is now at hand. Capt.
Henry Harrison, superintend-
ent of Manhattan Gibraltar
and Greater Manhattan Col
solidated mining companies.
arrived in Los Angeles on
Friday and will remain in
town over Sunday. He may
be seen at the offices of the
Pacific Coast Mines Bureau
tomorrow (Monday), where he
will be glad to meet and talk
with the investors in Manhat-
tan properties. He is very
sanguine in his opinion of the
future of Manhattan camp;
reports over 500 men working
on the various mining proper
ties; tells of new strikes and
new companies. and is par
ticularly enthusiastic over the
prospects of East Manhattan,
where the Greater Manhattan
and Manhattan Gibraltar are
situated.
He reports the tunnel in 80
feet on the Little Jack claim
of Greater Manhattan, and
when he left (July 81 they
were cutting trees for timber
ing. Plenty of timber is ready
at hand and the tunnel can be
driven with economy and
celerity. The initial tunnel
work was begun on Manhat-
tan Gibraltar. The timber
alone on these properties he
estimates as worth $4,000. BY,
reason of the development
done under his direction three
groups of claims adjoining
have been bought by a COM
pany which sold $4,000 shares
at Is cents the first day they
were offered on the strength of
their proximity to our proper
ties.
Capt. Harrison is strongly
of the opinion that the prices
of stock in Manhattan Gibral-
tar and Greater Manhattan
are absurdly low. He says
they are worth at least 25
cents share, and that the
lay of land and conditions are
identical in both properties, so
that what is proved on one
will prove the other also.
This office will be in possess
sion within a few days of pho
tographs and other data, geo.
logical and Typographical,
which will be gladly shown
to present or intending in
Vestors. There is nothing of
recent discovery in Manhat-
tan which compares with these
groups of claims which are
owned by the Manhattan Glib
raltar and Greater Manhattan
Consolidated Companies.
At and 10 cents a share re-
spectively they are very cheap,
and no more stock will be sold
even at those prices than is
needed to defray the actual
expenses of economic develop
ment planned and directed by
Superintendent Harrison.
Capt. Harrison will return to
Manhattan early in the week.
We strongly advise any in
Vestor who can spare the time
to make the trip to the camp
to go up with Capt. Harrison
and see for himself just what
the property is, how located
and how far developed. See
ing is believing. We have
something better to show than
can be realized by mere words
in cold print.
RYE PATCH-Our latest in
formation from the Rye Patch
section of Manhattan confirms
a bsolutely our predictions
formerly about the claims
which are owned by the Man
haitian Rye Patch Mining
Company. Shares In this
prospect are still at 3 cents,
though worth much more to
those acquainted with the
strikes made this month on
properties in proximity.
BLUE BELL-HaVing cut
the ledge with the third tunnel
of Blue Bell, the miners are
now drifting. The exact con-
ditions are known to but few
and they value their holdings
of this stock at a much higher
figure than the last sales.
TONOPAH-ActiVity in the
Tonopah camp affirms the