--
Wednesday, September 21. 1904
THE SUMPTER MINER
r
GOLD OUTPUT
OF THE WORLD
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BLUE BIRD
BUCK HORN
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The Wall Street Joinuul hua re
cently been manifesting a dodder!
interest iti tho world's atintml pro
duutioti of Rold. It Hhh piibliobocl
several dlBCUHBiona upou the subject,
not bo much by way of oouKrutulR
tiou to the minion industry for ita
Buooesful advauce in production, but
rather with reference to its effect
upou the markets. The paper quoted
is now beginning to wouder whether
n annual output of 8400,000,000,
in the yellow metal may not shortly
be expected, in view of the steady
increases that are being made by the
great gold-beariug districts of the
world.
It would not surprise the best
posted men if thin figure should
shortly bo leaohed and steadily inniu
talued. Certainly they hope to nee
it for tho beueflt which the ropre
seutativeB oi their own industry may
derive from tho lUtno. From the
economic point of viow there is
nothing to bo feared by a growth in
tho world's gold output, for the rea
son that whenever the supply is plen
tif ill enough, there are other nations
which are ready to adopt the gold
standard. At. a time, too, when
American financiers and politicians
are seriously talking about an assets
currency in view of tho early retire-)
mout of United States government
bonds, tli ore can lie no reason for'
doubting a ooutiuued demand lot the!
.vol low metal.
No one need fear that the eco
nomic aspects of tho problem will not
lilt tifliwi nutiilt iidinutnrl in Hin itliiitimtu '
in condition as they appear. There
are other considerations entering into
tho currency problem, and wo are
inclined to believe tho New York
publication is unduly exercised over
the wonderful prosperity of the gold
mining industry. Hold has come to
stay until man has reachud the point
where he can get long without
money at all.
(!old miners are glad to note,
however, that they are cutting such it
figure in the world that the
politicians and tho apostles of high
finance cannot avoid noticing them.
This is one of tho signs of the times,
and perhaps it will have its weight
when it comes to deciding upon the
question of a Department of Mines
and Alining at Washington. Daily
Mining Record.
GOOD SHOWING ON
MONARCH GROUP
Hiipcriuondent (lerliardud, of the
Monarch group, in Gable (Jove, has
rendered a report to he the Portland
stookoldors in this company, which
should make the webfooters feel
good Tho Monarch lies on Km it
creek and the main work is being
douo on tho Crater vein, which has
been driven on for 170 feet, and which
la thirty feet wide as proven by a
crosscut. Tho ore is a fair grade,
but Superintendent Uerhardus thinks
richer pay shoot will soon enter.
Tho report states that tho dump
now contains 1,000 tous of 817 ore,
aud that a five stamp mill will
shortly be erected to care for the
stuff now being taken out. Day aud
night shifts are employed and auother
gang of men ia laboring on a new
road to Bourne via the Columbia.
line
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VALLEY QUEEN
BLACK BUTTE
Are the greatest money-maklng stocks on the market today. Investigate I htm.
Write (or annual reports and prospectuses
WHEELER & CO., BANKERS
Dcpt. 60 32 Broadway. New York.
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Tourist
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Many experienced travelers
prefer tourist sleeping cars
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UHHHHD
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W. C. McBRIDE, General Ageot
124 Third Street PORTLAND, OREGON
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