The Ketchikan miner., 1907-11-02

The Jumbo mine of the Alaska h. dustrial company, near Sulzer, is still maintaining it's output of high grade copper ore, while at the same time underground development work is be- ing pushed ahead. Actual mining op- erations are at present confined prin- cipally to an ore body, the dimensions of which, as shown by the workings, exceed in length, breadth and depth, 100 feet. This deposit lies In a con- tact zone several hundred feet in width having the granitic intrusive as the foot, and limestone and quart zite as the harigng wall, the icluding rock being essentially garnetite amp epidosite. Surface exposures of simi- lar ore occurrences are being prospect ed at other points on the property with encouraging results. At point just above the upper terminal of the main aerial tramway tunnel designed to undercut the present working tun- nel at depth of 130 feet is in pro- gress, and its completion will obviate any and all necessity for the present "baby tramway" over which the ore is handled to the bunkers at the head of the main tramway. Besides the work just noted small developments are being advanced on the magnetite- chalcopyrite deposit mile to the northwest of the present mine work ings. The Miner is not accurately in. formed as to the aggregate amount of shipments thus far made from the Jumbo, which have been more or less restricted owing to the lack of trans portation, but is reasonably we'll assur- ed that they have been sufficient in quantity and quality to dispel any vestige of doubt that may have been entertained year or more ago as to the very great value of the property as a mining proposition. It is asserting nothing but the simple truth to say that the successful development of this great property is due chiefly, if indeed not wholly, to the able man. agement of its present manager, MT. Chas. A. Sulzer.
 At the Goodro mine, the cross-cut tunnel is In 16O feet, and taps the ore body at 100 feet, at depth of 90 feet below the surface, where it shows a width of 27 feet. The result thus ob- tained is most encouraging and betok- ems on an almost absolute certainty of theultimate development of a moro than ordinarily lucrative mine.
 New York, Oct. 29. A steady inn provement has been noted in the stock exchange since the furry of week ago. Confidence has, in large meas ure, been restored, stocks are more stable and holding firm. The strin- gency of the money market has been lessened. Bankers today arranged for the importation of eighteen million dollars worth of European gold. Sev- en million dollars worth of copper was sold abroad yesterday, and the market for this commodity is regaining sta bility, the price having risen from twelve to thirteen cents. The crisis that threatened the market is now considered to be entirely past and brokers are breathing easier.
 New York, Oct. 29.-Much interest 1, being manifested in the outcome of the elections which will occur in elev- en states week from today, it being thought by many persons who have observed recent developments on the stock exchange that the elections may possibly be affected more or less by the recent break in prices. Massa- chusetts, Rhode Island, Maryland, Mississippi, and Kentucky will elect entire state tickets, including govern ors, and state officials. The elections in six other states are of minor importance.
 Seattle, Oct. 30.-Ronan, of Fair banks, Alaska, who is interested in mining properties at that place, has suggested that there be division of Alaska into three legislative districts, for the purpose of self government. He contends that general territorial assembly would necessitate long, hard trips by members of the legislature to attend session. He also suggests that Nome, Juneau and Fairbanks be named as the capitlos of the respec- tive districts, and that the veto pow CT be vested in the governor.
 Houston, Texas, Oct. 30.-A race war between tue whites and negroes is re- ported from St. Augustine county, in
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