Image provided by: University of Oregon Libraries; Eugene, OR
About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (July 30, 1900)
TEffi MOBNISTG OBBGONIA27, HONDA?, JULY 30, 1&007
MINING STOCK EXCHANGE
ITS WORK II? IRTERESTIXQ OAPI
, TAIi IX OREGON PROPERTIES.
Sales of Minlnc Stocks Are More
Than Gratifying; Rallronds and
Smelter for Portland.
Tho Oregron Mining Stock Exchange, tin
ker tha most careful management of the
directors, and Its officers, Is meeting with
unexpected success. The hour for call has
been changed several times, In order to
accommodate the public. A -well-governed
exchange with a live board of brokers
is an established fact right now In Port
land, and can be testified to by ladies
and gentlemen in great numbers having
found it convenient to visit the exchange
during call hour.
Xn order to get the quotations tele
graphed East and answers the same day,
fttvlng to difference in time there and
here, the established hour for the morn
ing call Is 10.30 o'clock. Only one call a
day will probably be had during the
Summer months, but indications are that
an afternoon call will be necessary by
early Fall. In addition to the active brok
ers who have come to Portland on ac
count of the organization of the ex
change, some of Portland's firms are
catching on rapidly, and all are pulling
together, In advertising Oregon as a min
ing state, and Portland, the center. Sev
eral thousand letters are being sent out
monthly, relative to Oregon's mining dis
tricts, each lot relative to Its own sec
jlori", but they all say Oregon, and are
sent from Portland.
In speaking of a smelter for Portland,
It Is most certain the railroads to a
certain extent hold the key to the situ
ation, but they are more than willing to
do their part. "What Is needed most Is
encouragement In opening up the mining
(country so that men who build smelters
can be encouraged to cast their lot In
Oregon. All that Is required Is a unanl
jnity of action and a harmonious pulL
Eastern Oregon, with Its Baker City,
'Sumpter, Granite, Lawton, Canyon City,
Quaftzburg and Prairie City districts;
Southern Oregon, with its Grant's Pass
and Gold Hill districts, Bohemia and Blue
Blver district, all are willing to contrib
ute. Portland needed a mining exchange
It has one; and those connected with it
and Its friends are on a steady pull for
the next great need, a smelter.
The sales of the Oregon Mining Stock
Exchange are more than gratifying, and.
considering that this Is the heated sea
son, some of the earlier exchanges on the
Coast might boast if they could report as
much business. The quotations are all
Any broker on the Exchange will buy
or sell any stock, at the highest or lowest
figure obtainable, at any call. The stocks
listed on the Exchange are brokers' stock
In trade, for they buy and sell, charging
the regular commission. If advice Is
wanted, no doubt any of them would give
It freely, but they are gentlemen looking
for a clientage, and cannot afford to ad
vise to the detriment of those seeking
advice from them.
The sixth week on the Oregon Mining
Stock Exchange closes with a business
footing towards 500,000 shares sold for the
The attached compared statement, com
paring quotations, commencing at the
first call, June 18, Including present quo
tations, shows healthy Improvement In
nearly all stocks and advanced activity:
; oj, 2."
: : : ' z zro O'. :
:s:::::: Op's: ;
i & : : : : : : : ?:
: c: ::::: r : i
-S88: : M2" : g:
S88: : 82. : 8:
. . . 8 .
& jgigig 3
rte ayJa;y;g asfii
;& : 5SSJ.1;: JS SKS
' Jg iSiiS
The stocks now on the exchange have
applied for listing, and It Is (probable they
will all be accepted, nothing but slight
details standing In the way, at present.
The Adams Mountain Company own
claims on Adams Mountain, in the Bo
hemia district, are capitalized for 00,000
shares, par value 5 cents each. Have
eight men at work; have about 200 foot
of work done and money in the treasury.
The Buffalo Gold Mining Company own
claims close to Sumpter. Are working
continuously. Incorporated for 1,000,000
shares, par value 10 cents each; 275,000
in the treasury.
The Copperopolls Copper Company own
claims in tho Quartzbiirg district on .Dixie
4Creek. Grant Count;'. Incorporated for
1.200 000 shares, par value 10 cents" eash;
0CO 000 'In treasury. Have shipping ore,
but on account of railwav encourage
ment, will continue to block out ore and
imt haul this sensdn.
The Fouts Dredging Company. Incorpo
rated for 400 shares, par value 30 cents:
ISO shares in treasury. Are arrtjng'ng a
dmlsrfnr nlant to operate at Cage Nome
Gold .Hill fi; "Bohemia Company, capital
ized for ?l,OD0 000. nar vpIup M .cents each
Own property. In oth Gold Hill and Bo-
5 "57, o p g 18.104.22.168.22 a
. '2.2. 3 Zv p o2sM cT
hernia districts. The Gold Hill proper- f
Ues have produced 5,000. A deep tun-
nei is oeing anven to cui us pay ore .
a great depth. Also, a contract for 100
feet of work has been, let on the Wall
Street property in the Bohemia district.
Gold Hill High Line IMtch Company
own placer ground in Jackson County and
93 miles right of way for ditch. Incor
porated for 6,000,000 shares, par value 10
cents: 2.350,000 shares In treasury.
Goldstone Consolidated Mining Com
pany own a group of claims near tho
Chlorido Consolidated group in Baker
County; capitalization, 250,000 shares. Jl
each; 150,000 In treasury; no debts. Has
spent about $1000 In developing.
Helena Mining Company own group of
claims in Bohemia district. Incorporated
for 1.000,000 shares, par value 51 each.
Are paying 4 of 1 per cent on the cap
italization every month.
Helena No. 2 Mining Company own
claims in the Bohemia district. Incor
porated for 1.000.OM shares, par value L
Have contract let for 300-foot tunnel, and
Is under the same management as the
Helena Minin? Company.
Lost Horse Gold Mining & Exploration
Company own claims In Cracker Creek
district, close to Sumpter. Capitaliza
tion. 1,000,000 shares at 10 cents each:
250.000 In the treasury. Are working threo
May Queen Mining Company own claims
close to Grant's Pass. Have 450-foot tun-
TTFICAIi MINERS' CABIN.
neL Contract let f or100 feet. Have $1000
in treasury. Have produced $2000.
Mountain View Gold Mining Company
has bond on Mount View mining claim
on the south slope of Elkhorn Mountain,
Sumpter district. Incorporated for 1,000,
Oj0 shares, par value 10 cents; 300,000 in
treasury and money enough to take up
Oregon-Colorado Mining, Milling & De
velopment Company own claims in Bohe
mia district. Have surveyed for United
States patent. About 400 feet of tunnel
and contract let for 1D0 feet more. Cap
italization, 2,000.000 shares, a each; 1,000.000
In treasury and working capital of
Riverside Mining Company own group
of claims In Bohemia district. Spent
f25O0 in developing. Incorporated 500,000
shares, 10 cents par value; 190.000 In
Grizzly Gold Mining Company, Incorpo
rated for 1,000,000 shares, par value r0
cents; 400.000 In treasury. Own group of
claims six miles northwest of Sumpter.
The ofllcors of the Oregon Mining Stock
Exchange are: J. E. Haseltino, presl- j
dent: P. J. Jennings, vice-president; L O.
Davidson, second vice-president: F. J.
Hard, secretary; David Goodsell. treas
urer. The brokers are: Charles Gee, E.
A. Clem. M. G. Griffin, Warw. Hengen &
Wagv. J. A. McCully. H. H. McCarthy.
L T. 'Keady, J. W. Hcisner. Russell
Prentice, Roberts & GIbbs. M. P. Ward.
WEEKLY MARKET LETTER
Of Wasn't Hcnsren & Whrt Mining:
Stocks and Mlnintr Investments.
PORTLAND, Or., July SO Trading on
the exchange was somewhat lighter the
past week than during the week previous,
although prices were steady and In some
instances showed an advance. The latter
fact is one of encouragement, showing
as it does, that the public sentiment is
one of buying rather than selling. This
reeling, we believe, is more than war
ranted when the excellent showing of
some of the Oregon gold mines is taken
Into consideration. These mines have, to
some extent, been overlooked by Investors
before the advent of the Oregon Mining
Stock Exchange, which organization is
pro Ing to be of inestimable value to both
the mlneownera and the general public
Grizzly made its appearance on the
board the past week, and met with con
siderable favor, closing at 3 cents bid.
Buffalo shares sold off somewhat from
the figures of the week before.
Oregon-Colorado was somewhat off from
the opening of Monday and trading In
this stock was light.
Mountain View closed at the same fig
ure It opened, with light sales.
Lost Horse was rather more active
than In the past, closing somewhat high
er than last week.
Helena, Helena No. 2 and May Queen,
while closing at about the prices they
oponed on Monday, led the market in
number of shares traded in.
Helena advanced to 31 cents bid at the
Inco tVifc Hlnc on oHvtinpo o L fAY
from' the quotation of Monday and Tues-
day, at which time the stock selling was "" uwuia. xne -lerrjiory oi ua
to participate In the dividend of the 25th. I , auwa5 nned March 2, 1SS1. from parts
This Is a very unusual occurrence. It be- A tne T L nnesota. and the Ter
lng customary for dividend-paying stocks tor Nebraska, d on March 3. 1663.
when selling x-dlvldend to decline in ' ;he Ter1i? of,Idaho s formed of por
price an amount equal to if riot exceeding I ?ons f Nebraska, Dakota and Washlng
the rate of the dividend. The fact .that !?"- ."? ,a"eF hing been organized
Helena did not take this decline, hut on
the other hand advanced In price, is evi
dence that the shares are meeting with
still .greater public favor.
The continued reports of rich strikes
In Bohemia and around Grant's Pass sent
In almost dally by the representatives of
the local dally papers stationed through
out these sections, have without doubt
Been tne primary cause lor the demand j
for shares in companies whose proper
ties are located In either of the above
named districts. It- the present Increase
In demand continues, we look ,for con
siderable higher prices In the shares of all
companies whose property possesses real
We desire to call the attention of in
vestors to an error that is occasionally
made In stock bujlng, I. e., that of pur
chasing the shares of a company whose
stock Is regularly traded In on the ex
change through a nonmember (curb
broker), or at the head office of the com
pany. In this class of dealing, the in
vestor has no assurance that he is buy
ing at the market, and likewise has no
guarantee that he will receive the mar
ket price when he desires to sell.
To be sure of market prices, in both
buying and selling, do your business
through a responsible house, and have It
done on the open -floor of the exchange,
where the market Is made.
CT1TC DASIrUftinV 8 IMC
3 DUUnUAlU LlnL
IT HAS BEEN RE-ESTABIiISHED BE
TWEEN IDAHO AND MONTANA.
Ninety-two Stone and Iron "Monu
ments Have Been Erected Alans'
the Crest of the Bitter Roots.
A bulletin has been Issued from the In
terior Department covering the report of
the Engineers who have recently com
pleted the work of re-establishing the
boundary line between Idaho and Mon
tana. An appropriation for the work was
made in June, 1S97, and soon after that
date Engineers were sent to tho field.
The survey was completed In 1S99, and
final reports were made to the Govern
ment in February, 1S00. Ninety-two stone
and iron monuments were used along the
mcridlanal portion of the line. In con
nection with the work of re-establishing
the boundary the report says:
The stone monuments are of granite,
six feet In length and ten Inches square,
undressed, except for spaces sufficient to
permit cutting the -words "Idaho" and
"Montana" on opposite sides. These
monuments are placed In the more prom
inent localities, and are monolithic In all
cases where It was possible to transport
them In one mass to the proper position;
otherwise they were cut into 10 sections,
so that they could be carried on pack
mules, and were bolted and cemented to
gether when established In place. The
iron monuments are hollow posts of
wrought Iron, six feet In length and four
feet In outer diameter, covered with a
coat of asphaltum tan At the bottom
they aro flared to a width of 12 inches, to
insure more secure planting. These posts
are set to a depth of three feet below
the surface of the ground, three feet re
maining above ground, and a conical
mound of earth being raised around them
to a height of two feet On the tops of
the posts are riveted bronze caps, on
which is cut appropriate lettering, and
the number of the monument and the dis
tance. In miles, from the international
boundory are stamped In large figures.
In addition to the four stone monuments
placeL sltes for the m0numents
were chogen wlth reference to tho toDQ.
rererrea to, S3 iron monuments were
were chosen with reference to tho topo
graphic features of the country, instead
of being placed at even miles, as has
usually been the custom on boundary
Hne3, but there are few Intervals greater
than a mile "between the monuments, the
average Interval being about three-fourths
of a mile. They were placed generally
on summits, or near streams, roads or
trails, and so as to be lntervislble when
possible. Between the monuments the
line Is thoroughly out out and adjacent
trees are blazed, so that It can be readily
recognized In any locality.
Previous to the work herein referred to
no attempt had ever been made to lo
cate and mark the Idaho-Montana boun
dary line, but the engineers of the North
ern Pacific and Great Northern Railways
had estimated the points at which it
crossed their tracks and established
marks according to thl3 estimation. The
accepted crossing on the Northern Pacific
was found to be about one-fourth of a
mile west of the true line, and that of
the Great Northern about one mile east
of the true line along the railroad track,
but oply about a half mile east thereof
in direct longitude. Kootenai County,
Idaho, spent a considerable sum of money
In grading a road up the mountain from
Lconla toward Sylvanlte. which, when the
boundary line was located, soon after,
was found to be In Flathead County,
Territorial and state lines In the North
western portion of the United States have
undergone many changes. Originally this
area was included partly In Louisiana
and partly In Oregon, the dividing line
being the crest of the Rocky Mountains.
Oregon Territory was organized, August
14, 1848. Its area at that time Included
the present States of Oregon, Washington
and Idaho and portions of Wyoming and
Montana. The Territory of Nebraska,
formed from a portion of the Louisiana
Purchase, was organized May 30, 1S54. Its
original area extended from Minnesota on
tho east to the continental watershed
on the west, and Included the existing
State of, Nebraska and portions of Colo-
i rad,0'e WK..in,5, Mntana. Nrth Dakota
' -'arh Z, 1&3, from a portion of the Ter
ritory of Orecron. Orifrfnally. Idaho con
talned about 324.875 square miles, but In
lS&t It xvas reduced 146.OS0 square miles by
the formation of the Territory of Mon
tana, -which was taken entirely from Ida
ho, and In 1S68 It was further reduced by
the formation of the Territory of Wyo
ming:, almost the whole of which (93 9$5
square miles) was taken from Idaho.
Montana today stands as originally or
ganized, while Idaho contains about 84,800
SAVED TJY HIS BICYCLE.
Dr. E. A. McAlllKter'H Jfnrro-rr Escape
From DroTrninar In Ten-aille Creek.
Dr. E. A. McAllister and wife left here
several weeks ago for Florence and Coast
points on their bicycles. On arriving
at Florence Mrs. McAllister stopped to
visit while tho doctor proceeded down the
coast to the mouth of the Umpqua: thence
on to Coos River, Empire City, Coqullle,
Marshfield and Bandon, taking about
eight days for the trip.
On his return, he left Empire CJty at
6 A. M., expecting to arrive at Florence
that evening He went bjLUmpqua to call
on Dr. Kuykendall'8 party, that was
camped there, and did not reach Ten-Mile
Creek antll 7 o'clock, when he found tho
M M M M H ,
! ? ?S?f????!'
M , M H M
foniwhile you know what you pay for them you don't know what you can
gt for them when you wish to sell. When you are asked to buy a certain
gtock, go around and see what you can sell at, and that is the market price.
I Venture to say it wont be near the price asked you.
Buy on the Oregon Mining Stock Exchange, through some reputable
broker, and by doing so you know by looking at your evening or morning
paper what your stock is worth.
' . The boom hasn't commenced yet, and I strongly advise buying at
ojice, for it surely will come. The physical condition of the several camps
justify much higher prices.
-- -" .v 1 .
. r 1
MembervOregon Mining Stack Exchanga
il '.;'" i
OjSff MMMMiHMMMMKMMMMMMHMMMKMnMMIMMMOMnnMMMMMMM ZZQ
U . . ,i
DO NOT DELAY
BUT WRITE AT ONCE
A FEW DAYS AGO.
tide in and the creek lull. He was about
10 miles from Florence, and as he had
had nothing to eat that day It seemed
quite necessary that he should reach that
place, so he went up the creek a short
distance and attempted to cross. When
about the center of the stream he went
under and a large wave coming from the
ocean submerged him six feet or more.
To add to his predicament he found him
self in quicksand, and,here was where his
bicycle performed Its mission, as by rest
ing on it he could hold- himself from
going farther under "rith Tone foot wnile
he pulled the other atft.
In striving to extricate himself from
his perilous position he lost all of his
belongings pocket-book, medicine, etc
Finally he succeeded In getting from
the stream, when he fell exhausted on the
bank. Being very dangerously near the
incoming tide be struggfed manfully to
reach safe ground, wblch he Anally did,
where he lay for hours unconscious, and
on coming to a realization of his con-
4tHnr fAimrt 'h!mlf htlrtd In the Sflnd.
LHe Anally succeeded In-rcachlng Florence,
r V. ..dij Vile A
wnore us nus cimuwvu . u wtu t.r,
days with a raging Jeyer.
The Parnmoster of Brrn.
Really, it does not matter whether im
perialism or 16 to 1 is paramount, so long
as Mr. Bryan himself Is paramount. This
Is the view that seems to be taken pretty
generally by the more independent papers.
E A. CLEM & CO.
146 THIRD ST., PORTLAND, OR.
MINING STOCK BROKERS
Members Oregon Mining Stock Exchange. Prompt
attention given buying and selling orders. Income
paying mining and oil securities a specialty. Write
for list of prospects that will be prflt-mikcrs.
PHOKE HAIR DO
t4 m H t t t M M
M M M t M t M t M M t M
ining Stocks on the
ot several sure money
TT IS. STEADILY ADVANCING and growing' stronger. ?and" yon
are bound to make money if you BUY NOW. It is non-assessable
and tne very best opportunity we know of .for making money. Write
or call today, or if you have enough confidence n our judgment to
trust the matter to us, notify us at once how much to buy for yon.
It is selling at a shade under 2 cents. We-will buy or sell any
listed stock for you at the best price obtainable. Look out for a jump
in stock soon. ' '
NORTHWEST AGENCY CALIFORNIA ROCK OIL COMPANY
Oregon Phone Oak 1261
The Boston Herald, the New York Even
ing Post, the New York Times,. Harper's
Weekly and Puck hare all declared them
selves against Bryan. The Evening Post
has not said that it would support Mc
Klnley, and it hopes for a third ticket.
But they all of them agree that Bryan is
quite out of the question. There Is no
reason to doubt that they represent the
independent vote of the country. Some
few of the Gold Democrats have an
nounced their lnteltlon of supporting
Bryan, and he may get the votes of a few
of the more rabid anti-Imperialists. But
to the average man the fight this year
is tho fight of 1SDS ov.er again. The lines
were laid down by Mr. Bryan, who com
pelled the convention to reaffirm In terms
the old declaration on tho money ques
tion and to reaffirm the whole Chicago
platform. The challenge comes from
Bryan. That it will be accepted we do not
for a moment doubt. He at least Is para
mount. And that is quite enough to
THE GOLD HILL & BOHEMIA MIK2KO CO.
owns four flrot-cl&as quart mlnlnr proper
ties; Utre of them, embracing nln claims,
bolnr tn the Gold Hill raining district. Jack
son County. Oregon; and ona of them, em
bracing' seven claims, being In the very
heart of tha Bohemia mrolng camp. Capital
stock. 1100,000 00; 40 par cant of stock In
treasury; ail promoters" stock pooled. Listed
with the Oregon Htnlng Stock Exchange. In
vestigate. Davidson. Ward & Co (members
of tha Oregon Mining Stock Exchange). 403
Chamber ot Commerce. Phone Clar 833.
H M H M M t M t I H 0
M K M M t t H M t M M H
makers. See me abouMhem.
318, 319 Chamber of Commerce Building
v PORTLAND, OREG0.1
229 STARK STREET
Russell Saw Mills
The Best in the market
Write for Catalogue
Engines, Boilers, Sawmillsjhreshers
RUSSELL & CO.
A. H. AVERiLL, Manager, PORTLAND, OREGON
ROBERTS & GIBBS
MINING STOCK BROKERS
Room 538, Chamber of Commerce, Portland, Or.
We own no properties, but are represented in every mining
camp in Oregon. Our information i$ reliable and is for our
patrons. Correspondence solicited. Regular commissions.
1 Members Oregon Mining Stock
t . H H
Oregon Mining Stock Exchanne
All Sizes and Styles
Exchange. Phone brown 451.