Gilpin observer., 1907-10-17
COLORADO MINES HEAD LIST.
Capt. j. T. Smith in Rocky Mountain
News.

be" and "is" In the mining application
o: those terms, is aptly illustrated by
the positions accorded to Colorado and
Nevada In the dividend an assessment
tables for October 5th. That is the
date of the latest edition of the Mining
World, Chicago publication Of the
better class, which makes specially
OF that sort of information. Colorado
has no place in the assessment table,
while Nevada figures nine times, the
exact lives Of wild cat" In the divi-
dend table Nevada holds two places,
! Goldfield Consolidated and Mohawk,
while Colorado, including the smelter
trust and Guggenheim Exploration
Ccmpany-all based on Colorado min
ing-has nine important positions. OF
these three fall to Cripple Creek,
which shows for October a four per
cent quarterly dividend by the Port
land, an equally large distribution by
the Vindicator and the regular one per
cent dividend from Work, making
70S, as against $142.934 in 1906 and
$195,000 for the greatest gold camp
This is exclusive of the leasers, who
are making more money than ever be-
fore. The British-American company,
handling the Dante mines. paid $4,000
this month, compared with $1,000 in
September.
Cripple Creek is doing SO much work
of Importance in the milling and wet
process" lines that the management of
the Colorado School of Mines. despite
pressure from an overflow of students,
will this week assign Professor Trap
hagen and portion of the senior class
to the Cripple Creek field, the stu
dents to use that topic In their gradu-
alton theses and the professor, who is
an experienced metallurgist, to sum up
the general features in form for current
publication. Rapid progress is being
made upon the large Stratton Indepen-
dence mill, the Vindicator experiments
report progress" in chemical and me-
chanical directions. while the new cya-
nide plant OF the Blue Field Gold Min
ing Company, with capacity for fifty
tons per day-the initial unit-has
opened it's chutes to the run of the
mine," which means all grades of ore
from 81 per ton upward. The new
Golden Cycle plant, born of the discus
sion started by the News in 1901. will
be in the field for ores by the middle
of next month. Like the Independence
and the Blue Flag plants. the Golden
Cycle mill will also operate largely on
the run-of 1.-The mine basis, which saves
the cost OF sorting and the annoyance
of dealing with several ore purchasers
instead of one.
To show that the Cripple Creek dis
trict Is far from explored in full-a
statement which can not truthfully be
applied to a district as old as Gilpin-
attention is called to two recent ore
strikes. The first is on Raven hill. in
the Ophir property, where rich ore is
located on the 1.200-foot level. In
place OF the incline shaft. which was
used for exploration, the company is
sinking a new double compartment
four by eight shaft An up,to-date
plant OF machinery Is contracted for In
this city and in a brief space OF time
the Ophir will again be prominent In
the shipping list From 1.20O feet be.
low the surface in the Ophir the scene
shifts to the upper level of Stratton's
Independence, near the old "Jewelry
Shop" location. Saturday last car
load shipment was made from the new
discovery. II is about 100 feet from
surface-in territory heretofore over
lcoked-some 200 feet from the pres
ent working shaft. The ore runs three
TO eight ounces gold per ton, the ore
vein measuring from three TO five feet
IL width. This means another surprise
of a pleasant nature-for the STRAIT
ton shareholders in London and Paris.
John Hays Hammond's played out
mine" paid its last dividend In Decem'
Ler last-$137. .400-and has paid to
tai OF $5.028, ,56S since IL passed into the
hands of the London company. The
last half-yearly dividend was passed on
account of the new milling plant. to
which 100000 was assigned. The face
value Of the Independence stock calls
for $5.500,0O0.
The weakening in the metal market
at home and abroad has thus far az,
fected very little the generous flow of
mining and metallurgical dividends.
more especially In the established
camps. where the item of speculation
has become a subordinate factor. For
the nine months ending with Septem.
ber-according to the Mining World
112 metal mines and metallurgical
works appear In the dividend columns.
the declarations footing up 81, 1,944,2G0.
Since date OF incorporation these com.
panies have returned to shareholders
$546.SS5,672 In cash. or nearly ninety
per cent. Of the face value OF the
shares. which total $604,31S.4O5. Sew.
eral large corporations OF the wheel.
within.a-wheel class, such as Amalga.
mated Copper, Copper Range Consoli.
dated. American Shelters Securities
and the entire list OF close corpora.
ton and leasers do not figure in this
total. II their dividends were added
the total would be lifted to $656.262 SOC
or $51 ,994,401 In excess Of the face
holding companies referred to. which
value OF the capital shares. Six OF the
depend for their profits upon mining