VOL. V.
SUMPTER. OREGON, MARCH 9, 1904
NO. 27
EIGHT HUNDRED DOLLAR
ORE AT THE PHOENIX.
Lost Shoot Recovered in Upper Drift And
Shows The Same High
Values.
Mercur, and South Swansea, of Tin
tic. Thu Utah mine, of Fish Springs,
ni If sod several mouths, but Ih paying
regularly again. Park City In hkhIii
iu the li'inl in tho Hninuut of dlvt-
dcnds paid, wlillo liloghatn takes
j second place. Tho several corpora
, ttnus operating hi tho statu iiro not
i given, us 110 HiithiMitio inforniHtlon
concerning their earnings Ih obtain
11 lk However, tho dividend of tho
your, nil told, will exceed 85,000,
000. Exchange.
C. O. Nopple, of Baker City, one
of the owners of the Phoenix, who is
here today in regard to the Pyx lltl
Batiou, brluga Bonio rory eDoouraglnK
Information concerning the former
property.
He says that n few days ago tho ore
shoot which was lost In the shaft was
recovered some sltxy feet further up
the hill in the upper drift, and that
the values revealed go as high as
8800. Tho body nrerageti uboilt a
foot in width.
Thin shoot was first discovered du
ring the Sunders A: Hopp lease In the
Hhaft aud tho rich Phoenix spt-oimeuB
which adorn almost every Sumpter
collector's cHhlnet are from this
locality. Under the present manage
ment, however, at a depth of sixty
feet the shoot pinched and It was
with diillculty that It was again lo
cated. When first encountered It was
ou the foot wall, but tho late explo
rations mentioned have disclosed it
on tho haualng wall Iu the upper
drift, at a depth of 120 feet and the
same high values are present as
liofore.
Mr. Nepplo la also general manager
of the New York group in the Green
horns, regarding which mention has
Leon made recently of the installa
tion of hoisting and milling ma
chiuory at this property. As stated,
tho last consignment of machinery
has been dolivered at Whitney, and
Mr. Nepplo states that it is being
transferred to tho miue as rapidly as
possible. Tho work of installing is
going ahead, aud things will ha In
readiness for operntlou before a great
while.
BASCHE-SAGE FIRM
DECLARES DIVIDEND
The linscho-Sago Hardware com
pany held its annual stockholders
meeting lu Milker City yesterday,
elected officers for the ensuing year
and declared a dividend of 10 por
cent for 1003. All the old officers
wero re-elected a fallews:
President, P. Husoho; vice presi
dent and manager of the linker City
branch, Charles M. Sago; secretary
and treasurer, D. V. French; man
ager of Sumpter branch. C. C.
Musette.
Tho affairs of the company wero
found to be in excellent shape and
the outlook for business the coming
year most euoouragiug. As an evi
dence of what trade is expected, the
company now has ou the road
825,000 worth of goods to be divided
between the two stores.
. C C. Uuscbe, Hon. J. U. Robblus.
S. H. Bell, Dr. Ed W. Mueller and
N. C. Richards, who were present at
the mooting, returned this mornlnu.
The directors selected are P.
Uasoho, f). VV. French, Charles Ssge,
N. C. Rlchurds and J. II. Rnbblns.
Utah Dividends in '03. $4,769,000
In 1003 the mines of Utah declined
aud paid to their shareholders tho
onormotiH sum of 81.700,010. Iu
1902 shareholders wei reported to
the amount of 81.303, 000. Tho
Centennial-Kuroka, now belonging to
tho United States Mining company,
disbursed 8100,000: tho May Day,
812,000; Ontario, 8180,000; the
Yankee Consolidated, 87r,0()0, ami
the Q'llnoy, of Park City, now owned
by thi Duly-West Mining company,
8375,000, which amounts, added to
tho total, 83,010,000, In the follow
lug table, equals tho sum stated. Two
Utah mines eutered the list of divi
deud payers during tho year, they
being the Century, of Park Valley,
and Uutler-Llberal, of tiiugbum.
Four others, which did not make dis
tentions in 1002, did this year,
viz: Uraud Central, of Tin tic, Horn
Silver, of Frisco, Sacrameuto, of
F0RES1 MINING GO.
IS MAKING A MINE
Tho work at tho Forest Mining
company's property this winter will
go a long way toward making a inlno
of tho Storm King, lu fact, tho
work is of tho greatest value to the
property, opening as it. does tho
ditfeiont ledges at the point from
which the greatest depth cau bo
gained.
The point which appeals strongest
to the mining investor, Is tho cheap
ness with which the best results cau
be obtaiued, iu permanent work
though it ho of a preliminary nature.
This has been gained iu a remarkable
degree lu all tho work projected ou
the proporty, as tho very greatest
depth will bo secured through the
present workings, aud as the tuuuels
are ou a level, tho question of wagon
road making will bo simplified to a
uouilnal cost. This of itself is an
important factor in the expenditure
of money.
Now that the Storm King crostcut
is in the ledge, it is only a matter of
time until tho Forest .Milling com
pany will put the group among pro
ducers. Everything points to tho
ultlmiato succets of its efforts.
Tho latest assays show tho values
aro maintained lu ti most encouraging
manner. Of course, it Is confidently
expected tho values will increase us
depth Is gained, but even should
thoy not show an Increase, tho pres
ent values jiihtltles the assumption
that tho Storm King group will bo
extremely valuable iu the near
future,
Mining And Manufacturing Profits.
A comparison of miuliig and man
ufacturing statistics show that iu
mining there Is a profit of 300 per
cent, with 35 percent failure, while
maiiufaturliig ranges from 10 to 25
per cent profit, with failures 05 per
cent. The stutlstics of 50 Colorado
milling companies, with a combined
capitalization of 840,000,000, show
the following rcsuHq: Dividends
paid, 820,000,000; original invest
ments by stockebolders, 87,000,000;
returned to stockholders ou pur
value, over 13 per cent'; returned to
stockholders ou o-lglnal investments,
300 per ceut. PaciUo Coast Miner.
LISTEN LAKE A
GOOD PROPERTY
Said to Have Refused
$250,000 on Working
Bend For This
Mine.
Colouel K. S. Topping, who has
been at tho Listen l.ako for the past
six weeks, returned last night. Ho
Is greatly impressed with tho magni
tude aud excellence of the proposi
tion. The shaft is now down about
seventy-five feet aud it la the puiposw
to crosscut when the 100 foot level Ih
reached.
Doth red aud black nxldo of copper
are found with u good per cent of
gold and silver. Colonel Topping
thinks this an excellent proposition
for (ho HI more oil concentration pro
cess. The ore very much resembles,
ho says, that found at the Lo Ror
No. 2, where the oil process la used
wibt good results. The only differ
ence, he says, Is that the Le Roi la
slightly higher In gold values, but
not so high in copper. With tho-
completion of the Hum pier Valley
extension the company will have an
easy outlet for Its ores and concen
trates.
It Is stated on good authority that
the mauaguiuntit has refused a work
ing bond of 1250,000 from a respon
sible firm.
SAW MILLS WILL START
IN TWO WEEKS.
Tho big mills of the Oregon Luiii-'
tier company, which, under tho man
agement of (inint (Jeddes during tho
winter, shut down, wero put In repair
for tho 1001 season, ud now all.
ready for tho steam to bo turned on.
Manager (Jeddes says that thoy have
this wlutoi also secured a largo quan
tity of logs which weio decked iu thu-
camps ready for hauling to tho rail
road as soon as the season opens aud1
there are plenty of logs on hand for
present use The mills will bit
started iu two weeks, us tho yards art'
uaw too wot with melting snow and
rain to handle the business satisfac
torily. Last year tho mills reopened
Maroh 17. The mills have a capacity
of 100,000 foot of lumber u day
Democrat.
H