ftii Copper Strike Made
in Range North Knik Arm
From Seward Gateway.
OEWARD, Sept. 23.—News of a rich
V strike reached here today in a let
~ ter from Phil Hickey, who has sev
- jral parties out prospecting in the Ta
keetna and Knik mountains. The let
ter from Mr. Hickey announcing the
strike is to a business associate in Sew
ard. The details of the strike and the
ex-jot location of the vein are not given;
s y that it is fifty miies north of
Kiuk.
The chief importance of the strike is
its confirmation of the theory held by
many prospectors that a copper belt ex
tends northward from Latouche and
Seward through the Kenai peninsula,
the Knik mountains, the Talkeena and
the Alaskan range for a distance of
several hundred miles.
Copper float of a high grade has for
several years been found in many of
the streams of that territory. Where
the float has been traced to its source,
the ore bodies have in every case been
developed into rich mines. The La
touche mine, forty miles east of Seward,
is said to have 10,000,000 tons of ore in
sight, some of it running as high as 28
YY*" cent copper. The average of its
' hipped to the Tacoma smeiter, in
cruuing much of the country rock, runs
9.5 per cent, yielding a net profit of
$20 to the ton.
Ihis summer two copper ledges were
discovered on the eastern side of Res
urrection bay, one near the entrance
and the other directly opposite Seward.
Tests have proven them to be essenti
ally the same grade of ore as Latouche.
Tne striking of the ore body at Ready
Bullion mine, fifty miles north of Sew
ard, six weeks ago, was an important
step in further establishing the extent
and direction of the ore belt. Ready
Bullion ore assays as high as 28 per
cent and the average of the four vein
seems to hold up to about 17 per cent.
The float found for the last three
yf in the streams north of Knik Arm
i. .ntical with the float which led to
the discoveries of Latouche, the Ready
Bullion and the Resurrection proper
ties. It is therefore accepted by cop
per prospectors now in Seward that the
new strike is the same quality of the
others—the highest grade ore known.
. W. YOUNG
GENERAL MERCHANDISE
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Prevailing Warm Spei!
Culminates in Chinook
The yearly appearance of a Chinook
in mid-winter has become a settled
event in this district. The prevailing
warm weather of the present season
culminated in a Chinook wind from the
southwest, which blew with great vim
all day Thursday and throughout that
night. The deep snow settled down
rapidly under the warm blast, and an
occasional shower aided materially to
the discomforts of a general thaw.
The creeks have not yet been heard
from, but it is not unlikely that mining
operations have been interfered with.
Surface water has heretofore delayed
operations across the divide. Those on
Little Minook have been drifting very
carefully, expecting water to break in
to their drifts at any moment. The
appearance of the new moon is now
counted upon to usher in a cold .wave.
....
Japan’s Credit Entirely
Exhausted by The War
TOKIO, Oct. 1.—It has been learned
from official quarters that the real rea
son Japan was ready to yield so much
to Russia in order to bring the war to a
close was because the financial end of
the war was unsatisfactory. Japan, it
is said, had borrowed to the limit from
foreign nations, and had exhausted all
its native resources.
Six more months of war would have
seen the nation in straits. Already the
pinch of poverty was beginning to be
felt, and though not complaining the
poorer classes were sufferiug much. It
is certain that Berlin and Paris and va
rious financial magnates in the world
had agreed that Japan should have no
more money. This made the conclusion
of peace a necessity.
Location Notices: Fokum office.
RBC "BEERS
Guaranteed Pure. None So Good*
Northern Commercial Co. SOLE AGENTS.