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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
The Beaver Herald
Location
Beaver, Oklahoma, United States of America
Date
May 23, 1918
Page
4
A week ago ore in the Miami field sold for 75 dollars a ton under contract, a price the government has set for our product. This agreement strengthens anticipated wealth and signals a strong market. The Daily Oklahoman Mayist reproduces the article exactly.
In Miami Oklahoma the stabilization of zinc ore prices to 75 dollars per ton is expected to trigger a surge in mining activity. Operators Mellor interests and sheet manufacturers agree, reviving plants and employing a large work force as higher prices restore profitability. Production is projected to reach new highs since the early lead and zinc discoveries in Ottawaco.
Bold promotion urges quick investment in the O. B. Rose Mining Co. with claims of 300 ton mill profits, $25,000 monthly, and $1,000,000 ore finds. It promises pro rata shares at par $1, capitalized $250,000, offering $15,000 of stock for development. Promoter asserts company is legitimate and rushes readers to act before others seize the chance.
Bulletin cites acquisition of an eight and a half acre lead and zinc tract to run a 500 ton mill and sustain zinc output at current prices, netting about 5 000 dollars daily for ten years. A 26 foot coal vein on a west Bax ter Springs tract strengthens coal plans. shaft sinking to begin in May with coal proceeds funding a mill on the new tract. Subscriptions urged.
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