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The Daily Alaska Empire
Juneau, Juneau County, Alaska
What is this article about?
Tin mining operations by Northern Tin Company at Buck Creek and United States Tin Corporation at Lost River on Seward Peninsula conclude successful first season using new equipment, despite tin price drop from $1.03 to 96 cents per pound in late September.
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Buck Creek and Lost River tin mining operations on Seward Peninsula did well their first season.
This word was received by B. D. Stewart, chief of the Territorial Department of Mines here, from Daniel Jones, Nome representative of the Department.
Jones returned to Nome recently after examining the operation on Buck Creek, where the Northern Tin Company was closing shop after a successful season of placer mining.
Equipment and methods new in that part of the country added to the success of the venture. A dragline and bucket brought the earth to a perforated cylinder, which turned and separated the tin concentrate from the large lumps of clay.
Then water, washing across Pan American jigs, separated the tin from the earth in jig time.
United States Tin Corporation operation on Lost River was also visited by Jones.
Stewart said today that tin-mining areas on the Seward Peninsula "hold some promise" in spite of the recent drop in tin prices.
September 26, tin prices in New York was $1.03 per pound. A sharp drop on September 28 knocked the price down to 96 cents per pound.
Such a drop will make it difficult for marginal producers to stay in operation, he said.
What sub-type of article is it?
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What entities or persons were involved?
Where did it happen?
Domestic News Details
Primary Location
Seward Peninsula
Event Date
September 26 And 28
Key Persons
Outcome
successful first season for buck creek and lost river operations; tin price drop from $1.03 to 96 cents per pound may challenge marginal producers.
Event Details
Buck Creek placer mining by Northern Tin Company used new dragline, bucket, perforated cylinder, and Pan American jigs for successful tin separation. United States Tin Corporation operated at Lost River. Report from Daniel Jones to B. D. Stewart indicates promise despite price drop.