Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1912-08-17
=. :
The Present Year WIN be Mem.
orable in HonoIulu's Build
ing Progress

ing Progress
BY far the most notable event OF
the week was the sale by the Terri
torial land department of seventy
three house lots at Auwaiolimu, the
Punchbowl siopesN tract These lots
were put up for the highest bids at
upset prices, large number of other
lots having been allotted at their ap.
praised value, under preference rights,
to Portuguese who had occupied
homes thereon for many years as sub.
iessees Of the Kapiolani Estate. Those
who went after the lots in competi-
tfon at this sale were largely of the
same nationality. and. as showing the
exemplary thrift Of the race. they had
drawn from the three savings banks,
within three days of the sale, more
than $4,000. besides which many of
them were able to procure loans from
the various banks.
With only one exception the lots
brought more than the upset price, in
some cases from two to four times as
much, so that $S7 ,17S.25 was realized
against the total upset valuation of
$4,000. This result tells nightly of
the rising value of residence property
In the city of Honolulu. 1t also gives
promise of an impetus to the present
building boom, which Is going to break
the record this year apart from the
PunchbOWl building prospects. For the
first nine days of this month, permits
for new construction represented an
estimated cost in the aggregate OF
vii, 900. 1t is hardly probable hat
this pace will have to be recorded
for the. whole year, representing as it
does nearly four million dollars for
the 313 business days, yet it will not
take many spurts of the kind in the
twelve months to make 1912 memoir
able In the growth of Honolulu.
Mountain King Mine.
Following is an extract from Con.
sulting Engineer 0gilbie.s report COW
ering month of July, 1912, addressed
to the shareholders of the Mountain
King Mining & Milling Co.:
The tunnel level drift has reached
a point 269 feet from the beginning
point, thus making a drive for the
month of rs feet The vein continues
In its solid and uniform condition az
noted in June report, except the width
increases occasionally to 10 and II
feet between walls. There has been
a great change in the character and
value Of. the ore during the latter part
Of the month. Gold is visible and the
zinc sulphides predominant in the
quartz, producing a most satisfactory
grade of ore Since intersectina this
vein at station 155, the quartz Is solid,
uniform and regular, tine gauge vary
ing from to inches on both the
f0otwaH and hanging wall. At places
on the hanging wall for two feet thick
q stratified slate and quartz filling
occurs, but generally noticed the vein
is solid quartz, considerably ribboned
and all heavily Inineralized. 1t is now
proven that a vein of almost solid
quartz, carrying values the entire dis
lance, varying from. 6R to IL feet
wide, for q distance OF Ia feet, meas
ed In permanent and uniform walls,
has been developed. 1t is my opinion
that the main lode has been reached
where concentrated values may be ex-
pected. This development has put in
reserve an immense ore body, the end
of which is nowhere in sight Esti-
mating this vein to continue for 200
feet further, with similar conditions
OF volume and value, it will intersect
the rich shoot of ore developed on the
800 feet level between stations 425 and
Ats, which should block out an Inn
mense ore body of unusual values 1t
is little premature to consider ore
volume or values, but the present de-
velopment warrants me in claiming
very large reserve, and as a whole
with good milling values.
There is every indication that the
strike and dip of this vein will becon.
tinuoLs throughout the property and
that the vein will be found at great
depths in both volume and value.
Notes. ".-. .->-...
g. K. Harrison has arrived from
Washington to take the duties of dis
trict engineer in the water survey OF
the Territory.
. 1t - h.