Los Angeles herald., 1907-01-14
STOCKS SOARING
AFTER THE STRIKE
G0LDFlELD AGAIN EXCITED
OVER MINING SHARES
Residents Of Famous Camp Said to Be
Annexlng Fortunes-Develop lop-
ments In the Ramsey
Mining District
special TO The Herald.

settled 0eVelOpment mas been renewed
with vigor and everything goes to
show that within the next few weeks
the excitement will be more intense
than It has ever been on the various
stock exchanges. Stocks have advanced
as high as so per cent during the past
few days and at the present figure do
not represent their intrinsic value.
During the past year or so investors
in mining stocks, and especially Me-
vada securities, have been piling up
profits hand over fist, which Is simply
shortcut way of saying that at
many times ii has been possible to
double ones capital at every new move
or with each successive investment.
The old curse that once attached to
the hit-or-miss mining investment has
been vanquished. 1t Is now down and
out. Nevada has made good.
But as a mining region 1t has been
thoroughly demonstrated that the
value and possibilities OF various Me-
vada camps have not been over
estimated. They haven't arrived at
their crowning glory yet-they are
1t Is isn't little movement or local
craze.
MilIion-DotIar Shipment
The Hayes Monnette lease on the
Mohawk mine of Goldfeld, Nevada,
Will make a shipment to the Selby
Smelling company of San Francisco of
fifty tons of ore, valued at $700, 900. The
Francis Mohawk has shipped twenty
five tons valued at $3.50, 600. This Is the
greatest shipment of gold ore ever re-
covered in the history of mining in this
country.
The Hayes -Monnette has opened up
another rich shoot of ore in an upraise
on the 270-foot level Many men are
now crowded into this chamber and
f6a yaott Of te, 1Nnir1
broken This ore is exceptionally high
grade ore, averaging fully $1,000 to the
ton.
The Francis Mohawk has paid three
dividends. making a total of 1927 900
This has broken all Goldfield records
when taken into consideration that the
company was not floated until June
8, 1906.
The management of the Jumbo Leas-
ing and Development company, operat-
ing a lease on the Cornishman claim Of
the Florence Goldfield Mining company,
has just completed the erection Of a
gallows frame which is thirty-six feet
in height. towering eight feet higher
than those surrounding, and aggressive
development is now being prosecuted
since the labor difficulties are settled.
It's shaft has now attained a depth of
nearly 200 feet and the intention is to
sink to the 400-foot level to cut three
lease from the Jumbo mines to the
north.
Ramsey Mining Company
The end of the year and the end of
the first six months of Ramsey's life
as mining camp finds place on the
map to stay, boastfully declares the
Ramsey Reporter.
When Ramsey was started and when
the great discoveries that have since
that day developed into huge mines
were made, there was the usual rush to
the district by followers of mining eX-
citement. Some stayed. Most went
away again and some of these re-
turned The experience of all mining
camps was that of Ramsey, a season
of feversh excitement and sensational
reports OF all kinds, calm and then a
foreeful silence of development and
earnest work on the part of those who
had become interested in the district.
Today more men are working under
ground in the district than ever worked
on top or under ground there before.
Full shifts are being worked on half a
dozen mines. Half a dozen more COM
panies will start soon with full shifts.
Each Of these companies has either
Huge dixie of ore on top or rich
ledge that crops with enough width to
justify extensive development. In no
place in the district where systematic
disappointed in finding ore. On some
claims ore has been found in such
abundance that the owners have been
simply staggered by the stupendous
prospect before them.
Long Stretch of Quartz
From the point of discovery the now
famous Clark dixie to the south end of
the district the huge cropping that first
disclosed the work of the porphyretic
quartz can be traced on the surface.
1t Is possible, 1t is asserted, for a miner
to walk on this huge dixie for over
two miles without stepping off the gold
bearing quartz at any point in his
journey.
The other big lead, the Red Noun
tain system, is exposed for almost as
great a distance as the Clark dixie.
1t runs from the Red Mountain No 3,
an extension south of the Rattler No.
2 to the extension of the south end of
the Starlight and crops in three places
in huge cliffs of ore that assays mill
ing values on the surface. 1t is on this
lead that the Ramsay Bros have
staked their claims and are investing
their fortunes.
In the eastern part of the district
are two vein systems that run almost
parallel with the Clark dixie trend. on
the south end of one of these is the
Garavanta dixie, probably the largest
body of unmilled gold ore on the sur
face of the earth. The Garavanta
claims cover huge knoll that is
topped by a cliff 200 feet high and
nearly 1000 feet long and every pound
of rock In this cliff seems to carry free
gold, 1t is a fact that this cliff prob
ably has been sampled more and
oftener than any other in the district
and not one man has been able to find
barren spot in 1t. The south end of
the knoll disappears ON Its slope un-
der the malaipi. On the other end of
the knoll the big vein can be traced
to the northern limits OF the district
and on this trend are located some
claims that will eventually make huge
mines.
True comstook Extension
The erosion covers this lead more
than II does the Clark dixie, and the
big trend disappears from time to time,
to come out again on the saddles and
high 30,