Graham guardian., 1911-12-08
WESTERN
MINING NEWS
Western Newspaper Union News Service.
THE TREND OF METAL pRICEs.
Colorado.
IN q ri { r


The Kavanagh mill at Cripple Creek
will be doubled in capacity within the
next few months.
The Hubert mine in Gilpin county,
after being idle for years, is now be-
ing worked with fine prospects.
The vindicator Consolidated Gold
Mining Company of Cripple Creek has
just paid out a dividend of $4,000.
From the 10 Dandy mine at Cripple
Creek four cars of milling grade ore
are being shipped each week, and are
returning $40 to $50 ton.
1t is reported on good authority that
the Sternbergers will soon begin drift
ing on the vein recently cut in the Lu-
cania tunel, Idaho Springs, which is
believed to be the Emerson lode.
Pollard & Co. have leased the Lex
ington dump in Soda creek, Idaho
Springs. and are treating about forty
tons per day of the ore which gives
Excellent returns at the Mixsell mill
Y w. H. Barlow, an old experienced
mining man OF Idaho Springs, has
placed In Clear creek. just below the
Miner street bridge, placer plant
and Is successfully saving the gold
lost In the Bertha mill and deposited
In the bed of the creek.
Erickson & Co. shipped seventeen
tons of refractory ore from the fourth
level of the Smuggler mine at Silver
Plume. and Franchini and associates
shipped fifteen tons each averaging
SIS ton net. In the course Of
month the output from this mine win
be steadily increased.
Carlson and company. leasing on
the ninth levels Of the old Lamartine
mine, Idaho Springs. have shipped
carload of concentrates that netted
them over $500. They will soon be-
gin a raise from the tenth level to the
surface and expect to open some vir-
gin ground which from the tenth level
has and is still producing some rich
ore.
The ore bins at the Bachelor mine,
Ouray. are receiving the first consign-
ment from the rich silver shoot dis
covered by Fellin & Alerio in the Ell
Mahdi last July. AS the ore is being
mined from two points. 1t will not take
long to get carload ready for ship
ment, and within perhaps week a car
of better than 5000 ore will be sent
to the smelter.
One OF the richest strikes recently
made was reported in an old and neg.
lected mine, the Corydon. at Central
City few days ago. The mine is
owned by Senator Teller and associ-
ates of Denver and had been idle over
twenty years until leased short
time ago to pool of Central City
m&neds. who have been putting it in
Shape for working.
The biggest dividend ever declared
by Cripple Creek mining company
probably the biggest in the mining
history OF the entire state-was paid
out in Colorado Springs by the Gold.
en- Cycle Mining Company, which dis
bursed checks to its stockholders call
ing for an aggregate payment of ST..
100000. The payment Of this gigantic
dividend is the more significant be-
cause 1t represents an extra dividend
in no way connected with the com.
pany's monthly dividends of $4,000,
which continued just the same, month
after month. 1t represents an enor-
nous accumulation of wealth over and
above the normal output of the COM
pany and forecasts the tremendous
possibilities of the Cripple Creek dis
trict even at the end Of two decades
of steady output and development.
Development work is being done on
the 400-foot level, east and west Of the
shaft. on the Fourth of July mine, on
Quartz hill, in Gilpin county and both
of these levels are looking good. and
from present indications. are close to
an ore chute.
Ouray county, according to geologi-
cal reports, contains some of the larg-
est mining lodes to be found In the
entire United States. Great mineral
dikes. In places many feet wide and
exposed along the surface for thou
sands of feet. are being developed
there with persistence that will ul-
timately place them among the lead
ing mineral producers In the country.
Cutting across range of mountains
to the southwark of Ouray is the At
las lode which is one OF the largest
in the San Juan. 1t is being developed
by the Atlas Mining and Milling Com
pany, headed by j. p. Sidwell, busi-
ness man OF Boston, Mass. and finan.
cially interested in the company are
a considerable number Of New Eng
land capitalists. The Atlas company
has expended not less than $75O,000
on the estate, including its machinery
equipment.
An important strike has just been
made In virgin ground In the Gem
mine at the level of the Newhouse
tunnel, Idaho Springs, where an ore
shoot eleven feet wide has been op-
ened. with two feet of solid gray and
silver copper ore. carrying SOC gold and
eight ounces silver per ton, or more
thar 800. besides a high percentage
In copper. Alongside the copper streak
is twenty-five inches of solid lead ore,
assaying sixty-four per cent, and five
feet Of well mineralized milling ore
of shipping grade.