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THE REA MINE A Small Mill Will be Installed to Take Care of the $200,000 Worth of On: in Sight The mine 1% no he ngmn Oll'nt'u up and dweloped. Bert Rae. one o! the heaviest hultlers 0! stock. and who has m'Vcr lost faith in this property. has been in camp during the week. He- says that tho t‘tnanvial dithcult- ion have been overcome and that no- tivu Work is to start within a tow weeks and his word is good. It will he remembered that at the time Manamr Kingsmill was in diargc of this mine. he reported that that the Ron had ore in sight to the Value of 801m: two hundred Iflflfl NMIIINS Ground Now Being Broken for Ihe foundation for Ion Stamp Mill The Parwpi‘ne Three Nations Gold Mines 1.06., will be one of the first producers in Whitney Township. Under the cfiicieut and economical management of 'I‘. F. A‘ugrinon the company has installed a most com- plate and up-to-date mining plant and developed a large tonnage of ore at a comparatively lower cost than has been the usual thing in this camp. A number of the directors and stockholders recently visited the mine and so satisfactory was their re- port at the special meeting of the stockholders called on their return to Montreal that $30,000 worth of treasury stock was immediately tak- en up and this amount of money placed in the treasury for the con- strtwtion of a milling plant. The ground is now being prepared for the foundations of the mill which will consist of crusher, 10 stamps and tube mill, with a capaâ€" city of 100 tons per 'day. Sufficient ore of an average grade of $16.00 per ton. is now in sight to feed the mill for a year. and with the present. equipment developments for future requirements can be kept well ahead. Altomt‘her the future. of the mine is most promising. Vol. I. BEEENT WflflK [IN SEflTHSH flNTAfllfl Uncovers New Vein Some Ien feet Wide Extending East and West fiver four Claims During the past week a gang of men has been at. work completing assessment work on the west claims of the group comprising the holding of txhe Scottish Ontario Hold Min- ing Co, in Whivney Township. Mr. John Willoclcs. one of the original syndicate. is now superintending op- The work now being done consists erations at the mine. of stripping and sinking. and as a result one of the most promising discoveries of the season has been made. A vein has been located in the slate and schist formations and is heavily impregnated with sulphid‘ es. Adjoining the wall rock are two feet of splendid looking quartz which pans gold. Lyine alongside pr; No. 31 to beat: IN Ellllll flflf tJvomlntmIR-d in the stock TO BE RE-OPEN ED nin ovt'm‘d After Mariam-r Kingsmill left the mine for Pom another omfinccr com- os along and makes a report that did cot look so good” to [act was not a bit rosy. .\0\\' a and makes string of st ntmwm s Kingsmill. It has now been practically decid- nl to put in the foundations for a ton stamp mill and install five stamps and take out the Ol‘!‘ :11- rt-ady blocked out. Thv Ron uwns ground. possibly whivh has been mine is capital par value $5.00 unions are 30 vents askvd with BIB Bflflllfi [II ine Porcupine Miracle Company Getting in New Machinery for Active lienelnprnent Work The Porcupine Miracle Mining Co; owned mainly by Detroit, Mich, and Toledo, Ohio interests has had a force of men at work on their pro- perty for several months and have uncovered immense deposits of quartz-porphyery, average assays of which run $6.00 per ton. The Company has purchased a complete plant from the Canada Foundry Co.. consisting of boiler, vompressor, hum ruck and hammer. drills. sinking pump and all accos- sm'ies. A shaft is now down about 40 feet and will be continued to 400 driftsaml cross-cuts will be run from the 100. “.200, 300, and ~100fcet low-ls to prove up (we bodies. A milling plant will then be installed" the capacity of which will be gOV- el'nod by the results of the develop- mont outlined above. On the west branch of the Night Hawk river the company will de- Velop their own water power. There is ample timber on the properties for all mining purposes also a plenti- ful supply of water and no trans- portation difliculties to overcome l'ndcx' the efliciont and m-«rnrmlical management of Capt. Ransom the future of the Miraclv Mining: Co. looks exceedingly bright. this quartz is a twoâ€"foot vein of solid calcite, then about one foot; pf pyritite. and from present ap-é pearanees there is another body of} quartz alongside on the other wall. 2. The vein is apparently about ten: feet in width, and is running: prae-| tically east and west through the centre of the four south claims, so that this large body of mineral crosses through practically a mile of the property. Considerable work had been done on the south group of claims owned by the company prior to the pre- sent operations, but nothing Very definite had been, found owing to the heavy capping of conglomerate, and the mountainous conditions which obtain on this part of the property. The company has been Very fortun- ate in uncovering: this massive body of ore. which looks like one of the main lodos and will add considerabâ€" ly to the value of its holdings. H. )1. Portoous of the Vipond mine was married last Wednesday to Miss Burt of Haileybury. Mr. and Mrs. Porteous will return to camp the latter part of next week. third engine-or looms up 5 a report along with n assays and verifies the s and report made by Mr. uwns 330 at'rI-s HI 2004 mssihly ten per cent. of - horn prawn-Nu]. The capitalized at SIMNLMN). hundred $5. DRE IN SIGHT and “In last quu- cents bid and 40 hm linlc- movement SOUTH PORCUPINE, ONTARIO. and mem‘ [ the fifty 'g c. 1.. Sherri" who has large hold- iimrs of minim: claims in the camp has granted working options at! five claims in the aid Gillian Limits. ‘T‘hc hmkcraco hmxso of Catlin Po- pvoll of New York take. (war the “unions for ‘hemseh‘cs and clients. The date has. expired Inr filing dis- putt-s against ‘ Making: in the Oil. lies’ Limits. Ninety disputes have been mgistrred. The main .shalt on the North Dome property is now down 2.70 It. a station is being out at the. 260 foot level from which point a cross. out will he drin-n to ewlorc the Ground at that depth. There is a rumor (hat the Nipiss‘ ing Mines Co.. at Cobalt will in- crease its dividend in the near lut- me. With the his! aurplus cm band the company multl easily allonl to makc- a hint-r «lietrilmtion. llovolnpmvnt war}; in tlw \‘u. 9 shalt nf the Divan has nun-11ml a depth whore m-w machinm‘v is neces- mu‘y. and n lnrm- hnist i~ brim: in- staHNl at the shaft. .~\.~' snnn as ”w “-0ch i-s finished umlenrrounol oporxr tinns will hr rt'h’umw' an a hunter scale. - Manager Randolph of the Keora Mining Company has instructions to resume operations at once. The Keorn is one oi the most promising prospects in northern Whitmey and developments will be watched with considerable interest by those inter- ested in that part of the distrit‘t. In Egypt. coal and other mels are expensive. but plenty of sunshine can be relied upon at all times of the year. Recently a Shaman sun-heat absorber arrived at Alexandria, from Philadelphia. This plant has been erected at Meadi. neat Cairo. and will be used to pump water from the river Nile to irrigate the surroumli'ng land. Notices have been posted announc- ing an auction sale of goods belong- ing to the Crown Chartered mine by the Sheriff at Sudbury. The ac- oount to 'be satisfied is only a small one of‘ $400. Int is understood that there is still a wage earn to the employees at this mine. X0 anxiety should be felt in regard todebts owed by this property as there can be no question but the financial dif- ficulties will soon be adjusted and all debts wiped out. The Crown Chartered is not a (lead one in any way you look at it or from where vou stand in the road. With the dividend cheque every fmir weeks from the Hollinger mine there will also be sent out the man- agers statement of the physical con- dition of the property and this will he the only infm'mutinn from the mine which will be considered offi- cially correct. The paymth are made on the full amount of stock all of which has been issued. $90,- lTO‘l will he paid out in (liVidends every flour weeks or $1170 0'“ per year, over and abo‘ve any bonus which may be declared. The Hollin- ger is capitalized at $3,000,000 and film par vallm is $15 per share. The United States government re- port shows that the production of silver in the United States in the last ten years was as follows: ’F‘ine ozs. Com. val. 1011 ............ (30,399,400 $32,615,700 1910 .........57,137,900 30,854,500 1909 ......54,72I,5{N) 98,455,200 1008 L..5‘2.440,800 98030000 1007 ....50,51~1,700 37,209,700 1000 ............. 3t 3,517,000 38,250,400 1005 ......:")(i,101.000 34,222,000 1004 ......5'7,082,800 33,456000 1.003... ...:')~1.300.000 20,322,000 The production of silver in fine ounces last year was larger than in any previous year since 1592, when the output was 03,500,000 ounces. i'l‘he commercial value of that year's Iproduct was $55.130’3,500, compared iwith $32,615,700 last year. The lproduction of tube Cobalt's mines for 331911 is estimated at 32,000,000 oun- ces considerably over one half of the entire production of the silver mines of the I'nites States. 1911 1910 1909 1908 1907 1906 1905 1904 Mining News l The .lumlm minr at l'm‘lm.‘ \‘n. (l l('olmlt. altvr lwim: idle sum whod a wars. 1m.- lvvrn : "upmu‘tl. 'l‘l is noees- never been any (lPVPluPnlt'nl being: in- the l’nrtmn- Hay llistrirt at 'm as (hr and tho surlav- wins all 0 rl opom- Western part ul ('nlmxmn unly n lnnrm' {I lmv ”mm-s Ul ~ll\‘('l‘. CANADA, FRIDAY. NHVEMBER lst. 191.2. A transfer office for Hollinger Mine shares has been opened in Montreal in charge of the Montreal l‘rust Co. The .lermy \‘ctoran should not the big win whim is now showing up so well on the Porcupine 'nlree Na~ lions Gold mine in Northern Whit- my. No definite information has been roceiwd in camp as to when the Crown Chartered mine is tn resume work. All that is being done at. present is assessment Work on their several claims in the camp. ‘ 'l'hv lknnc Mimw Ltd. have Just added to their equipment a Double Drum ()ttumwa Electric Hoist. pur- gt'hilb't‘d from the Canada Foundry CO.. Ltd. This hoist is nf tht’ latest pattern. with all cut gears and has a 2300 po‘r «mt. safety fav- tor. the lam- clutch and smut-ml brake. There are current expectations that Cobalt Lake is to declare a five per cent. dividend before the first oLthe year.- This “with! call for a dis. bursement of $150.0“). This stock touchul 51 la~t week, the highest mark since 1910. l’ravtivallv all the vum'er wnrk on the new Molntyn- mill at Pearl Lake is (-nmplotml and the con- struction “f thv framv wurk i~ well under way. All of the machinery has been nrdcrml and some of it has arrived. \vhilv then- i.-' nu doubt that it will all arrive in plvnty time for installation as soon as the .structure is linishéd. Engineers and representatives of several large syndicates are now examining and sampling- likely-look- ing properties in the Townships ol Langmuir, Canmon and 'I‘homas and while nothing definite can 'be said regarding their intentions at the moment it is altogether likely that in the near future this portion of the Porcupine Mining district will have deserving consideration and that these Townships will have t‘heir mines A general meeting: of the share- t'alled in Toronto for October 29. holders of the La Palme has been The business to come before the meeting is to consider the adVisabil- ity of continuing the present pool of the stock that was issued to the public and the passing of a by- law authorizing the directors to dis- want that would make its price less pose of the treasury stock at adis than that at which the pooled stock was issued. The financial statement that has been sent out with the notices conveying the meeting shows that the companv owes various sums of money amounting; in all to $2,- H.024. Mining men and prospectors re- turning from Porcupine are unani- mous in the opinion that there is a revival of interest taking: place in the gold camp and it is stem-rally at- tributed to the success of the Hol- ling‘er which has been made known to the public in tangible form by means of the declaration of the three per cent. dividend. Miningr men are going into the camp in larger numbers than they have since the fire and several deals are now under way. Activity in Shaw township. M'here things were particularly dor- mant after the fire are lookimg up and a large amount of work is be- ing done. Mining News quota of successful working m l'm'hu’n‘ Bay idle sumo five upmml. 'l‘hvrv has ‘olupmvm \mrk in (lop! h. vor this I \V n Canadian Exploration Co. Has Gang At Work This Week to Test Apalite Vein If the Sig-m llaIIk Lake secIion EhaIe In he installed to take care does not make good it IIill not be of 3.000 Ions per day. for lack of publicity and Ihoromrh .\ gram: of men commenced the newspaper exploitimr. hunk of sampling last Manda) all! a Last Thurmlm l‘r OsitlI'III Munncll ihundrml pounds “i 0” “m be tam of the home with a Na“ (II M. .c‘l'l‘.‘ (on [NI acmss the veins. ncers looked (nor the claims in theil‘ Enough of 01090 cross outs IIill be \iI'iIIiIInl' (iold Island and decided made so 35 ‘0 honestly testotho t0 IIIII a force ol men at work I0 ‘9'" “l" “410'? lvnmh and pracIIcaP- IlinrnIIIz-lIlI sample a his: \(‘lfl oiore .l\ “"‘"“m l" “ ""n run claims. The sampling Mil he done varv sIakml IliIrim: IlIo rush which nmurral II low years ago and the in the interest of ill" Canadian Ex- I:lsm‘sslllt‘fllwnl‘k kept up. EIIlm'IIIimI (‘ompany and will pro- . _ Amnm: Ilw parIIos Interested are ElIIIlle lw Ilw mmt Lhurmurh samp . Elim: aIIcIIIpIml on am mom-III in “‘“k ('allman and (‘lmrlcv Ant-f. 'IIml Ilw Immp of IIIoIIII claims In IlII- (listrifl. _. . . . . . “.9. EMIIOlI I-hv laxplnraIiIm Company has Last Thursday l‘rosidvnt Mmmcll of the Dome with a stafl ol flitti- ncers looked over the claims in the Vivinitynl Hold Island and dm‘idod to put a force ol men at worlt to thnrnug-hly sample a hit: vein clone which has lwou “‘3th (WM twenty claims. The sampling will he done in the interest of tlw Canadian Ex- ploration (‘nmpany ahd will pro- hahly he the mmt thorouirh samp- litu: attomptvd on any property in the district. Tho nrp lmdy is” a win nl apalite Tiwith quartz stringers running ithrmurh it. hvavw with sulphides. ,and in mmv few places showing I lroo cold. 'l‘hc- win varies in width. so far as (‘zm ho judm-d from the link- wm'k that has been done. from 40 to 200 foot. and it is claimed by the inion-stod parties who are pro- motim: the deal that an average as- say of $3.50 per ton has been tak- c-n across the Win. To make this a paying proposition :1 plant would NEW BBflWll New York Syndicate Will do Aggressive Work on the [lid Bheinhardt claims C. B. Morgan, representing a New York syndicate controlling the properties of the Porcupine Central, Porcupine Northern, Porcupine Southern, and Porcupine Developâ€" ment Company has 45 men employ- ed completing the assessment. work Some very promising: veins are being uncovered and it is the intention of on holdings of these companies. the eontrolling interests to develop these as soon as the regular as- {sessment work is completed. It will he remembered that these are the properties that were involved ; at the time the‘ Reinhardt bubble: burst and it “ill be \'i-r\ gr ratify-‘ ing to the stockholders of the dif- ferent companies to learn that their i equity in these holdings are being' , properly cared for and that theyi will yet at. least get a fair run for 1 their money. It might also he mentioned that the majority of the claims held by these companies are well located and that there is every reason to believe that with consistent develop- ment they will prove to have the same paying values as has been found on many other properties in this district. American Goldfields A pex ................. EDobie .................. . Crown Chartered -Dome Extension . ‘ Eldm'ado ............ .l“oley O’Brien} a mold Reef ............. illollinger ......... EMoneta ................. l.Pearl Lake ........... lPorcuoine Imperial . El’orcupine 'l‘isdale lPreston East Dome ‘Rea Mines ......... Standard ...... Swastika ............ lVipond. West Dome” .......... ,Jupiter ......... The following are the prices on Porcupine stocks. furnished by A. S Fullor 8: Co., Gibson Block, South Porcupine, to to noon November 1: Bid. Asked. American Goldfields 40 Anny , .02 02% Plenaruzm Mclm y re Lake HAVE ”KEN lllllll 14.50 .04 2 .00 .23 02 01 .03 30 01 08% 225 14 (H 20 14 14.65 04.5 1‘31} 05 2-35 02% ) . U .04 40 01% ‘23 16 36% an option im‘ludv the claims of ”WW and Markvy nmr Gold Island. and an- Hu- «mm Ivsmmsihle for the 11-00"! revival of interest in ”fiasco. (ion. 'l‘wa-lu- m film-m men are at, work at prosmt and the sampling will not he vonmlvtml for sumv mm or three wm'ks. The Plain“ will mmlmhly lw taken over M the BxplnrntioM’ompnny i! $3 rm-mlts are obtained. The pur- vhmw priw fur the twomy ('laims has not been made public. Balance of fire Belief fund for Hospital Taken from the Porcupine camp [IIIBHHMEE RECEIVES ElflSPIEAl [SHANE 1 While l’orcupine's various towns land organizations have been wrang- llim: Over the location of the propos- ed l"'°ouupine hospital and ‘the funds iemaining‘ from the Northern On- taiio file relief fund of a year ago ‘Maxm Carter has been to Toronto [and has arranged to have the hospi- tal funds and the equipment prdmis- ed to Porcupine come to Cochrane. 'l‘his ineludes $20,000 in money. equipment. valued at $10,000, and about 91,000 raised by subscription by Mayor Carter in Toronto. In axltlition to this the 'l‘. and N. O. railway has L'iven a site at the north end of the town, which is high and extremely suitable for a hospi- tal. Coclnranc. (lct. aiâ€"Thirty-one thousand dollars in money and tabs equivalent has been raised by the town of Cochrane towards a$68.000 hospital, which will be erected some- time within the next vcar. The mat- to: has been luought to this point by the work of Mayor Carter and his associates in the town council, who haw taken a firm grasp on municipal affairs since the wiping out of the town by the fire of over a year ago. The market for the better class of mining stocks has shown a decided tendency to harden during the past week, especially is this notiea-ble in the silver issues of Cobalt. Cobalt Lake on reports of big ore reserved and splendid earnings has advanced ’to a newhigh price of 550 with a lame number 01 buyingr orders still “unfilled. Some slight advances haVe also taken place in balance of the _('obalt list and the present indicat- ions are that considerably higher ipriees will obtain before there its any serious devline. Sun”: Pumas. 5 Cents. 'l'he Porcupine issues have been steady and firm with buying' alit- tle stronger than the selling and it is only a matter of time when the public will realize the splendid opportunity offered for large specul‘ ative profit;u and eventual dividend returns on these issues. Forced li- quidation has ceased and techinoally the market is in a very strong position. The Stock Market