Waterbury evening Democrat., 1907-06-01

Then there are the famous 6andstorm
 leases, one of which, Block 5. under the managership of Lostus & Davis, produced s21O,OO0 gross. The Gardi- ner X Oddie lease, in an adjoining block on the same property, netted | $10O,00O.
 The Kendall leases in the same vici- nity have also produced large amount of money, many people estim- ating that they netted $200. .000. The renowned Reilly lease on the Florence for a time produced ore of such marvellous richness that even the most conservative reports could scarcely be credited. There were eight partners in the lease and several of them have admitted that over $500, 0,OOO was divided among them.
 Out Diamondfield was the Daisy, Belmont and Quartzite leases have shipped thousands of tons of ore, to the shelter and received big returns, netting respectfully $50,O00, $50,000 and $l00,O00 to the fortunate leasers.
 MOHAWK'S GREAT WEALTH.
 Like towering mountain overshad- owing it's neighbors the famous Mo- hawk leasers under the leadership of the Hayes-Monnette, have, during the past year, so far eclipsed all others in the production of high-grade ore and the opening up of huge cavernous aIoy. ,hape nfh hull fin tn,l the Goldfelders are now prone to lay aside all conjectures ds to future pcs abilities and mention the name of the Mohawk mine with awe. 1t has creat- ed an excitement so intense that thou. sands of outsiders have focked to Goldfeld upon hearing rehearsal of its richness. and made thousands of people rich who had never known aught but to struggle for their daily bread. Its own stock rose within few weeks from a paltry few cents per share to S19 and $20.
 The final clean up occurred but a few weeks ago and it1was then said that during the term or .iie lease the total tonnage aggregated 29,000, the gross value $500, 900, leaving net re- turns of about $3,350,0O0 and estab- fishing an average per ton of about S132 The dumps still on the mine are estimated to be worth $12,OO0, and these belong to the leasers.
 There have been two widely separat- ed centers of activity. One is Ip New ada and the other Is ill Canada. In the former there has been developed in the past twelve months one of tue richest if not the richest single gold mine on earth. In Cobalt ore that was more than half pure silver has been found in large quantities.
 Mohawk and Nipisslng are now synonymous with gold and silver. The discoveries, the quick development. the wild scramble for the stocks, the rush into the Goldfield or other New ada fields and the Cobalt camps and the spread of the mining fever to score of other places gre matters of the past few months.
 YEARS GREAT BOOM.
 Mining shares had not boomed in quarter of century as they boonied last year. More eastern capital has gone into western mines since 1901 than went into them for the previous thirty. years.
 More returns have come back from the money invested in the past three years than came back in the live times that period before.
 More shares of mining stock were bought and sold in Philadelphia, New York, Boston, and Plttsburg in the last couple of years than had changed hands in any former decale.
 The St Ives Leasing company ship ped two carloads of high grade dnr- ing the week, the ore averaging be- tween $200 and $500 per ton. Manager Codd is authority for the statement that the property will be regular shipper of the same grade of ore from now on. The shaft is now down 300 feet and a drift has been started from that level to catch the main ledge of the St Ives company.
 Combination Fraction. Marketwise this stock has been one of the leaders in the rally. The buying has been ex- ceptionally good, and has been per sistent Those who are looking for good investment cannot go far wrong in taking some of this stock and hold ing 1t for big turn aud dividends.
 The Jumbo Wonder Is now sinking at the rate of between two and three feet daily, and will reach a depth of POO feet in forty or fifty days and thirty days after they will have their levels out in the ore body.
 The are equipped to loist ac feast 300 tons daily. They have one of the largest hoisting plants In the camp, and have, in their 75 foot level. a vein of good milling ore, and the tullurinm formation in which all of the rich bodies of ore in the camp are struck.
 On account of discoveries made in the Jumbo Wonder shaft other leas- ing companies have appreciated the To- cation and the result has been that every available foot of ground owned by the Jumbo Extension company has been leased. Some of the most sue cessful leasing companies in GOldiield, among whom are the Frances-Mohawk have leased property adjoining the Jumbo Wonder.
 The Jumbo Mining company's lease is on the Jumbo Extension and ad- joining the Velvet, the St Ives. the Jumbo. and in close contigulty 10 the and the Red Top. It is an fact. that as mine after mine is being opened up in either di- rectlon all are encountering the same
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