Arizona weekly journal-miner., 1899-02-22

fore. it would be no great surprise
 If a second Jeroule, on probably a
 smaller scale, should be built up on
 the western slope of the Black Hills
 range.
 The mining outlook for this sec
 ton for the present year, IS better
 than ever before in the history of this
 county. There have been more
 moneyed men and representatives ot
 capitalists ID Prescott during the
 past feN weeks than ever before dur
 ing the same penod. Nearly all
 who have visited this section have
 invested in mining property which
 they will work A number of new
 companies have been incorporated
 and others are in a state of Inou-
 bation. If the same degree of sue
 Cess marks the future development
 as has been realized during the past
 year, the industry promises to reach
 a veri;able mining boom during the
 year.
 l G. G. Henderson, who is m town
 from Lynx creek, says that during
 bis entire residence in that section
 be has never seen such continued
 activity in mining during the winter
 months as has existed the present
 winter Heretofore. be says, there
 have been sPurts in mining during
 the summer. but in winter many of
 the properties would close down
 and remain inactive. Not a single
 one has closed down the present winter. while several of them have
 been increasing their forces nght
 along, and mining and milling have both been active. The best part of
 1t too, is, be says, that tbe properties
 are all showing up well and mill
 tests have proven highly satisfactory
 when made and the prospect is bet
 ter today than ever before for the
 perInanency and rapid growth of the
 various mining properties there.
 Judge Richard De Kuhn, who came in from Chsparrsl yesterday, was interviewed by the JOURNAL
 MINER Tn regard to recent discover ! ies in the Union mine, owned by John :. Jones, in reference to which
 he said: My nineteen years of
 mining and milling give me slight
 knowledge of mines, etc. The Union mine is one of the most promising claims to my knowledge, as 1 have been personally on the ground and
 selected the shipping ore from the milling ore. The veIn is strong on ! the surface its entire length and It | has a number of holes on 1t that
 show fair grade of ore for milling
 that will run from $20 to $40 per ton i | iu gold. At the depth of 1l0 feet 1t shows two feet strong of ore inter spersed throughout. In this ore l ] have assorted the streaks of metal from the silicste to ship. It will go
 from $500 to $400 per ton and as depth is attained 1t increases in l metal and bulk, in fact the mine is
 without doubt, the peer of the Little 1 Jessie. All that the claims in that . section want is depth, as they all are
 in the midst of what should make a permanent mine. l have worked there since last November aud have
 watched it carefully. All the mines in the vicinity of ChapaTral, Me Cabe, Lynx creek and Big Bug are showing more activity, and the re- suits have exceeded their expecta- tions. I prophecy a bright future for that section of the county"
 Bud Wood8on came iu last night from Webster gulch where he has been doing assessment work on a group of seven copper claims owned by Vim. Beard of Florence, Chas. Holzman and himself. The work for four claims was done in the cross cut tunnel on the Carville claim which was driven seventy-6ye feet farther, making its present length { 225 feet, and which cuts the lead at a depth of about a hundred feet be- ' low the surface. Some time ago ; good ore was struck in this tunnel 1 and fifteen to eighteen feet has since [ been gone through and the face of ( the tunnel is still in ore (carbonates and glance) which will average from ten to fifteen per cent copper. It is an immense body of ore, in a forma- | tion of quartz and porphyry, and as ( 8 teaching proposition it would be hard to find its equal. On the op- posite side of the hilI are the Fln- letter claims, and on one of which I is 12O-foot tunnel. directly oppo- . site and running toward the tunnel ; of the Carville. The Finletter tun- 7 nel is in ore its entire length and the |, dump averages six per cent copper , Twenty feet of ore was cut that aver |; ages much higher, and is the same . character as that found in the /, claims which Mir. Woodson has been { These properties are . desirable for a company with ample , capital to operate on large scsle.- Silver Belt. :
 The Wall Street Journal says: t Options have been secured on all | the principal smelting companies of ( the country, for the purpose of con q with the exception of V those owned by Guggenheim, lo- O cated in Mexico, Forth Amboy, N. V J., and Pueblo, Colo. Moore and il Schley, it is understood, hold these Ii options, and it is stated as soon as Ii final details are completed, a new d will be formally organized. a Those which will go into the con- p ,olidation are the Omaha and Grant tC the Consolidated Kansas fe City Smelling anu Refining com al oany, the National Smelling con- g oany, the United Smelling company, dI he Pueblo Smelling company and p he Germanis Smelling company. eI The present capitalization of these is $25,000,0OO and the ul annual net profits range from l2 to to 5 per cent. The capitalization of W he new company will probably be SC round $50,0O0,OO0, divided equally nto preferred and common stock.