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Info Database Last Updated 08.04.2024 (Entity News entries: 1)
Type/Category of Info:
Mining InquiriesInfo Source From:
United States Investor. Volume: 9 [IX], Issue No. 39Info Publication Date:
September 24, 1898Info found on page:
1418Info Title:
Alamo Mining Co. InquiryAlamo Mining Co.
3506. (New Orleans, La.) I will thank you for an expression of opinion regarding the Alamo Mining Company. The stock is listed on the Colorado Springs exchange. The company own, I am told, 25 acres of patented ground on Gold Hill, adjoining the Anaconda property, and is said to be conservatively managed by very reliable men.
It is desired to know to what extent the property has been developed, and whether active work is being done by the company at present.
Ans.: We are informed that there are several shafts upon the property of this company, although none of great depth. There is one lease let on the entire property, but no shipments have been made from it, and the company is doing no work on the property on its own account.
The lessees have drifted about 60 feet, and are still prospecting. The stock is considered a fair speculation at from two to three cents, but it is not believed that the present price of five cents is justified by the present condition of the property.
3506. (New Orleans, La.) I will thank you for an expression of opinion regarding the Alamo Mining Company. The stock is listed on the Colorado Springs exchange. The company own, I am told, 25 acres of patented ground on Gold Hill, adjoining the Anaconda property, and is said to be conservatively managed by very reliable men. It is desired to know to what extent the property has been developed, and whether active work is being done by the company at present. Ans.: We are informed that there are several shafts upon the property of this company, although none of great depth. There is one lease let on the entire property, but no shipments have been made from it, and the company is doing no work on the property on its own account. The lessees have drifted about 60 feet, and are still prospecting. The stock is considered a fair speculation at from two to three cents, but it is not believed that the present price of five cents is justified by the present condition of the property.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 1418
- Hathi Trust Digital Library: ⊞ United States Investor; Vol. 9 (Jul.-Dec. 1898)
Above Info was Last Updated on 05.02.2024 (12:00:09)
Above Info was First Seen 05.02.2024
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