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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (March 11, 1903)
THE SUMPTER MINER Wednesday, March n, 1909 CONSOLIDATION OF GROUPS. BIG MINING DEAL CLOSED IN THE QUARTZBURG DISTRICT. Kllleo, Warner, Stewart Company Nego tiate Merger Articles of Incorporation Flled-Capllallxatloo $5,000,000, Includ ing Standard, Copper Ridge and Willie Boy TweolySii Claimi on Copper Mountain Under Name of Standard Consolidated Mioes Company. Ah outline.! In THK MINKIt last uook Urn lil mining ilrnl In tho Quiirt.liitrK district Iiiih Ikoii olosotl. It uiiiliriicoH tlio ulmoriitlon of tho Htiuiiliinl, tho Copper IUiIko itutl tlio Willlii Hoy groups, 'JO oliiliiiH In nil, iindor tho corporiitn miino of tho Htaniliuil Cnnsnlliliitoil Minos i-oiii-puny, mid wan iiuiitialcd hy tho Klllon, Wurnor, Ktoniirt company, of IIiIh oily, who mo tlio flst-nl iikciiIh of tho now cniicorii. Tho transact Inn Involves a capital of liolwcon 6(100,- 000 and 9700,000 mid Im nno of tho iiiohI linportmit of tho year, If not tho lai'KCHt which Iiiim over heeii inado in tho Hiimplor district. Tho now linn Ih cnpltalled at $0,000,000, divided Into shales having tho par value of if I ouch and will lie Incor porated under the lawn of Arizona. Tho arllcleH of Incorporation have already Itooti forwarded. Tho Incor porator, are annum I he host business mid inlnhiK men of I'endloton, Hiimp lor and I'm t land. While It Ih not known dollultoly who tho olllcorw will lie, It Ih slated that tho following will J prolMilily he elected: Dr. Forlic, of I I'endlelon, president; Xoeth Housor, I or IVnilJolon, vlce-prcrtlflent ; Dr. Kd. W. Mueller, of Huinpter, nee ro tary; O. II. Wade, of Pendleton, treasurer; K. K. Cleveland mill u l'oitland iniiti are mentioned hh tho oilier directum. Tho consolidation of those rich proportion h already attracting wide spread attention and calln are IhIiu made for Iiiiko MockH of (ho Hlock. It proiulHOH to l ouo of tho mont rapid sellers In tho district. Tho three groups mentioned! aliove Include almost tho whole of Copper Mountain, mid are aiming tho oldent, the rlchent, and the licnt known iiiIiich trlliutary to thin city. Thin Ih well midenced hy the fact that tho Koeko fellern, Chirks, and u IiIk (1011111111 syndicate hail icpicsontatlxcs hero mid made tlalterliiK o lie in especially for tho control of the Standard, which cm rien rich coluilt valucn. l'llor to the coiiholldatlou oiled od liy tho Klllon, Winner, Stewart people, there wan 0110 deal on In which er.00,000 wan otrcied for the tluee groups. The onwiois of tho Standard and tho Copper Itldo, however, wanted f'JftO.OOO apiece and tho Willie Hoy ownern $150,000, which fill lis! tho deal olf. the Standard wan opened up early in tho (IO'h liy tho Frenchman Juneau, after whom .luncaii In Alanka wan named. Several nhlpmentn of colwtlt wont made at thin time to Franco, loiter .oeth Uousor, thou United States nmrshal, mid business ussoel at en of Portland and Pendleton npent over 25,000 in tho development of thin property. An Interesting fact connected with thin mine Is that It Ih tho only producing coluilt initio In tho United States. Thin Important article of commerce enters largely Into tho mnnufacturo of (ilium and many vurlotlos of paints. It la need in staining and obtaining ruro hIhkIoh in tho nroeoHH. Hy means of two hotn of tabloH tho cobalt oro will bo concentrated hero and tho concon tratoH Hhlppod to Gormaiiy whoro there Ih Kreat demand for this raro metal anions kIukh and dyo manufac turing concerns. Tho cobalt viiIuoh In tho Standard vein vury from BM to Kl por cent; tlio coppor from 3 to 20, Kohl from 0110 to flvo ouiicoh a ton und tdlvor from a truco to thirty ouiicoh a toil. A ,'10-tou Hinoltor, one-half of which Ih owned by tho cumpauy, Ih located on tho nroporty. Several toiiH of this oro run through thin Hinoltor rocontly produced a coppor inattoo varying from 00 to 75 por cent In coppor and 9700 In gold without taking Into counldoratlon tho cobult viiIuoh. At tho lluffalo oxpoHltiou oro from UiIh initio took all prizen and created coinmont among mining mou mid capltallntH all over tho world. The refined product. protoxdito of cobalt, Ih worth 82. 50 a pound. 'llio total work on thene properties reprosoiitH about 11,500 foot of cross ciiIh, driftn, upralnen mid nhaftH. Tho voliiHiiro thoroughly opened up by open cuts and trenches. TIiIh work has proved tho group to bo rich in gold copior, mid in tho lnntance of the Standanl in cobalt, as Hinted above. Tho company just formed Ih ainouu the strongest milling concerns In the state, with all tho necessary ciiital at hand to push the enterprise. At tho Wllllo Hoy power drills are to bo put in at once and the tunnel continued 1,000 feet Into the Copper llldgo property. Power drllU will also lie put in at the Standard and drifting on the lodge cniitluuod. A concentrator plant Ih to bo Installed at tho Standard and tho cobalt oro reduced by liieann of two seats of I tallies as mentioned. This commercial 'product in tho form of a concentrato will bo sold largely in tho (ionium market. Dr. Kd. W. Mueller, of thin city, manager of tho Sumpter smelter, ami a member of the Klllon, Warner, Stewart company, will take a promin ent part In the consolidated property. Ho has thoroughly examined tho mines and considers them tho most promising In the state. NEW TODAY "BlucTObbon cSrliOolShocs c .37 1 T x 1 4& T T ' T All Boys when once they wear the above shoes want them again. See our new stock of MEN'S SHOES for $2.50, $j.qo and 55.00 HOBSON MERCANTILE CO. Victor Mining Co. ; THE FIRST BLOCK OF TREASURY STOCK IS NOW ON THE MARKET LOCATED IN THE RED BOY DISTRICT THE PROPERTY 4 HAS BEEN WORKED ON FOR THE T PAST TWO YEARS VALUES RUN FROM $50 TO $300 PER TON IN f GOLD AND SILVER FOR FURTHER INFORMATION ADDRESS G. M. Rockwell 8c Co. 701-702 Herman BIdg. Milwaukee, Wis. WM. II. TI11HALS, President. SEYMOUR II. HELL, Manager. MW!' JJM(jMj(aJtJ'J C9VMV"VMVMVVMVMV'VMV'' WHEELER&C5. BANKERS 32 Broadway, New York FISCAL AGENTS FOR BLUE BIRD MINING CO. AND VALLEY QUEEN MINING CO. Write for Prospectus. Mention No. (iO ami wo will send you a copy of "OREGON'S RESOURCES," mi illustrated pamphlet on Ore gnu's (unions gold mint's, and u three months trial subscription to tlio NORTH AMERICAN MINER r IF YOU WISH TO invest 'iS mSmng '( Either to buy Gilt Edge Stocks, a Prospect that is "the Making of a Mine," or one that is already made, write me what you want and permit me to submit a proposition. ADDRESS esaeISonsmthI SUMPTER, MINES AND MINING STOCKS OREGON t f -d lj !