The Ketchikan miner., 1907-08-10

Y recently taken over h. Toy the Rogers people from the Dun,on boys. near Hollis The shaft on this property is d. ready down lO1 feet with drifts and ero>scuts from the bottom blocking out a considerable body of ore, which il is confidently believed will average not far from so per ton. Other drifting and cross-cutting will be done on company account" as the work in the shaft prorgesS to the 2o0-levei, with a view 10 putting the mine in condition for active mining operations in the near future, or at least as soon as il can be properly equipped with the necessary machinery.
 Jas. II. Nesbis. Wm. Reed, Fred koenig and A. :. Cobb, have been engaged the past month doing de- velop,ueut work on the Granite Mountain. Lucky Find and Lucky Jim group Of quartz locations, which are located in wha. is locally known as Granite mountain, about mile and q half northwest from Hollis. They hare opened two true Assure veins. one of which, on the Lucky Jim, TWO feet and a half wide, with well defined walls, and gouge, the vein itself showing ID well in free gold, ani che gouge assaying as high as 5 s4g9 10 che ion. The gouge itself is from one 10 four inches. and the partners entertain the belief that they have urear.hed something of very great value ia the way of gold proposition.
 A force ot len man are engaged at preseu. in driving development work on ths Goodro and Thomas bornite property at Narta hay. which is show iag ap handsomely.
 \. :. Cobb, Of Hollis. was in town oger Suaday Mr. Cobb. with part Ter. is a present engaged in doing development work on property near Hollis.
 Vernon T. Wakefield, of Milwaukee, Wis. president Of the G. W. Wake field Mineral Land company, princi- pal fee owner Of the Niblack Copper mining propsry arrived here yester- dag morning. accompanied by Walter r. Gold. also Of Milwaukee. and Mir. Geo. O. Aarrs. of Denver. Colorado.
 The Heariette arrived from sulzer ,his morning with a full cargo of Jumbo ore for the shelter al Lady smith. B. (.
 Of the foreign copper market, H. F. Merton S1 O., Of London. say in their circular letter of July B, that "a distinct change from the recent inactivity is gradually coming over the copper situation. Consumers, TO longer able 10 remain out of the owing to the want Of copper for near delivery. have been compel led 10 resort 10 purchases with more freedom. and the past week has wit nassed a larger turnover in refined copper than has been known for 6 considerable time. The better feeling which has characterized the stock markets ia Europe and America. and particularly the steady advance in me values of copper shares have also helped Q stimulate business generally, ard the la.es; ad9ices from the other side of the Atlantic indicate an early resumption of activity in the copper trace. h order 70 test the manufact- urers. one of the leading producers appears 70 have offered small quant- i.ies of Lake Superior brands to fav orits customers al about El06, with the result that everything was inn media.ely taken ug, and the price was promptly raised to sl07. Ehe New York Metal Exchange quotations be- ing con segueatly raised 25 points to 23i. to 24 cents. The speculative market ia London has reflected the stronger tendency by further ad- vance in ihe price of standard copper aoth for near and forward delivery, bear covering being feature. while speculative buying vas also in evil deuce. l moderate amount of business Mas transacted from day to day. especially in July and August prompts. which were in constant re- quest, the former fetching from s98 to El01. and the latter from G95 to e9s. Values of three months standard copper auctuated between s95 js and egi Js. and at the close of the week the market shows a firm tendency. with gg9 1Cs for cash and e93 js for three months.
 The Milwaukee people now here came for the purpose of taking de- positions of several witnesses 10 be used in suit HOW pending in that city. between the C. VI. Wakefield Mineral Land company and others, Iessors. and the Niblack Copper com
 pany lessee, of the NibIack copper
 mines.
 The Onward returned from her trip
 to the west coast about six o'cloci: 2 ..,5s. <.<7<s.- e.,.~.~s4wr, -sLu .o1L TT