Union and Colorado Mining Stocks.
4718. (Schenectady, N. Y.) Please inform me regarding what you think of the Union gold mines as an investment? What gold mine stock do you consider the best for an investment? What is a good low priced stock for a speculation?

Ans.: The Union Gold Mining Company owns 35 acres of patented ground on Bull Hill, which has produced $950,000 and paid over $84,000 in dividends. The entire property is being worked under lease at royalties ranging from 30 to 50 per cent. The company is capitalized at 1,250,000 $1 shares. The stock is very favorably regarded in Colorado, and was quoted at about 44c. on January 19.
It would be invidious to single out one particular gold stock as the best for an investment, but, among others, may be mentioned Elkton, Isabella, Portland, Vindicator, Gold Coin, etc. The same remark applies as to a good low-priced stock for a speculation, as there are a number of about equal merit, on the best selection from which probably no two equally well informed persons would exactly agree.

The lessees of the Porcupine mine have purchased a plant of machinery, which will be installed at once and then regular shipments will be commenced from the 300-ft. level.

The Porcupine is running a crosscut from the vein in their shaft to open up the Grouse vein which parallels the Porcupine vein. They expect to get it in about twenty feet.