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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (Oct. 3, 1900)
Wednesday, Octoter j, kco
THE SUMPTER MINER.
JOHN J. I'l-NIIAI.I-, President
(l, hi Mi;r llunkrr Mill Co! J Miiy. U.)
R. C. Pl:NII.ANI),
In i,ooo,ocx) shares of the
par value of Flit v Cents
bach. Treasury Stock
FULL PAID AND NON-ASSESSABLE
DEVELOPMENT The face of the Grizzly tunnel is now within $ feet of a point vertical with shaft on 6-foot
ledne. Exceptionally hard rock has been driven through during the past ten days, but water is now being en
coimteied, and a highly mineralized stringer of ore similar to showing in shaft has been crossed, which incicates
the close proximity of 'the ledge, in which a pay streak occurs, and from where in the shaft assay returns exceed
ing 5 joo per ton have been obtained.
To meet cost of development, the sales of Treasury Stock will continue
at SIX CENTS per share, payable all cash, or on
the instalment plan.
INSTALLMENT PT A1VT
Two Thousand Shares at 5120.00, payable $ 10 down and 10 per month
until paid. Larger blocks of stock on pro rata scale. j j j
For Prospectus and Further Information, address,
Grizzly Gold Mining Co., Sumpter, Ore.
ftCff MCNCCi: Fit or Iuwmm Iummm, 0i.
Cmitx ItMR Citv OmaoN
OUR SMKLTHR IS ALL RIGHT.
Expect Investigate and Say Work h
Having tteinrnllv been ashed myoptn-'
ion as to the merits of the Sumpter smelter
,md not lmi Ink .im thiiiK pro or ion, I
took tivi.islnn on a reient trip to visit tlir
plant. I h.id received an invitation to
witness the last running, but ilrcumstau
irs iievented my being present. I -"rout
leports, I hid muiluded that there was
not mucii to esprit as ; result ol any run
that mllil he made. Hut to answer in
quiries ot my ttieinN I visited the works
and made an examination on my own at.
count, and the tollowlng is the result ol
Of a possible result of 5j,ooo worth of
ore, there Is on the platform Ji.Koo worth (
of matte. At a very conservative esti
mate there are to worth of line dust
saved by the condenser I have carefully
assayed the slag and found In the poor
slags no values. In No. 2, slags carrying
iron and sulphur, there is 2.10 of an ounce
of silver and 10 cents In gold, total value
gold and silver $0. 11 and 15-100 per cent
To my w.iyofthluking.theMiieltlngwas
nearly perfect. I here are in sight m)i
per cent results. The encrustations, the
spout slags and the crucible all carry val
ues that can be utilized by a continuous
run, which I am convinced will carry the
values saved to (ullv g6 per cent of the
entire values contained In the ores. Why
this plant should be idle is something be
yond my knowledge, but I will say that
If the mine owners will combine and con
tribute enough ores to make a decent run,
say one thousand tons, I am convinced
that they will at le.i-t save freight charges
from Sumpter, and taking the slags as a
crlterlo'i, the'V will save one to two per
tent higher values than Is ordhmilv pro
duced. Kben I. lorry in the Baker City
Advance in the Price ol Silver.
The average price of silver In January
was vmo cents per ounce In the NeA
York market, compared with 50.36 In
lanu.ir, iK8. Hie gain noted in the
beginning ol the year has been more than
maintained, July closing with an average
ol (11.25 cents per ounce, and August
blowing a fraction to the good. A recent
London quotation reduced to American
money reads 62.61, which Is the best for
sometime. Large purchases tor use in
China explain the advance In silver .which
is helped by the stationary condition of
the sliver output. 1 he latter shows no
gain anywhere, despite the marked Im
provements in mining, concentration,
transportation methods, smelting and the
use of by-products. Willi all these ad
vantages, all of them developed since
iftji, the output ol silver is less than sta
tionary, while its use everywhere in the
arts and in coinage, is on the increase.
This suggests a near gain In the value of
silver mines, many of which, in this state
and in Ui.ih, are once more on the U-t of
steady dividend payers. I he experienced ,
miner knows that as between gold audi
silver riii, the latter are usually the
wider and more permanent. Hence II a
silver or silver lead property is once I
placed upon a paving basis, the chances
are favorable to Its remaining in (hat po
sition for a number of years, thus return
ing a generous protit upon the original In
vestment. Denver Miulng Record.
Allur'ng Profits in Mining Stock.
As an Illustration of the profits in good
mining stocks,take the Gold Coin mine at
Victor, C ilor.ido, as an instance. I:lve
years ago the stock of this company was
ottered at three cents per share, par value
t, to a Washington attorney, who
thought it was an ungate risk to take,
and the otter was declined. He was
urged to Invest 500 in this stock, which
was then ottered at three cents per share,
lhe Gold Coin has been paying divi
dends of from one cent to two cents per
share per month on its capilaliation of
f 1,000.000 lor the past four years, and the
stock is now worth 1 5.25 per share. Had
the lawyer Invested the $00 as requested,
he would have got 16.500 shares, which
is today worth s per share, or over f8o,
000, to sav nothing of the dividends earn
ed In the meantime, which have amounted
to nearly lull .1 million dollars. Exchange.
OHe IJJlHLJjW'F 'tD "wmSF
WOOD OR IRON FRAME
Boilers and Waterwheels
Hammond Mfg. Co.
On draught or
H. FINGFR, Proprietor.
High Grade Wines,
Liquors and Cigars.
"Just around the Corner
NEBERGALL k MOORE
Fine Wines, Liquors and Cigars.
Next to First Bank Sumpter SUMPTER, OREGON