Arizona republican., 1899-07-11
MINING NOTES.

Ben M. CT9 wfCrd has sod IE the Montana & Arizona Consolidated Min
 ing company the Copper Prince mill site This mill site is located about
 two miles below town on the west side of the river.-CCpper Era.
 Thomas Kavanaugh and Frank Gill iarrived from Mineral creek last Friday
 for sho3'- visit. Mcntf1n was made
 in last weeks Belt Of the bonding Of a
 group of claims in which they are in | Iterested, to Douglass Browne Mezsrs
 kavanaugh and Gill still own num- | Der of valuable claims in the Mineral icreck district which they are engaged ! in developing.-GlCbe Silver Belt
 Joe Cobbledick was in town the fire
 part Of the week from Richmond Basin, where he has been steadily a.
 work for several years on his mine. the Silver Plume, and has been gen erously rewarded for his labor. The
 mine has produced silver fcr many years and Joe informs us that it is a better mine today than ever before in its history. The ore is phenOmenally rich, and despite the heavy freight and smeiting charges. returns hand some profit. J. w. Killin and Lee Ikenberry are also mining for silver lat the Basin.-Globe Silver Bet.
 c. E. Taylor was notified by teIe- gram last Friday that S45, 900 had been deposited to his credit in the Bank of California, at San Francisco, to com plete the purchase of his mines on Mineral creek to the Globe Minerals Exploration company of London. There are six claims includeii in the group, which are among the best prop critics in the district, and on which a large amount Of development work has been done. The London company also had bonds on the Innes mines and the Ray property, and it is presumed final payments have alsc been made on these -GIobe Silver Belt.
 Mining copper and the precious metals is in a more prosperous c0ndi- tiCn today in our western states than it has been for several years. At no time since the boom in the Leadville district has so much eastern capital gone west locking for investment in mining enterprises. It is becoming matter of a.most daily occurrence to receive reports that some big syndi- cate in the east has bought an interest in, or the control Of some large pro ducing mining property. One time it is the Standard Oil people; at another the Calumet & Hecla people; another time it is a New Tor CT Boston syn dicate- And their investments are not on small scale by any means. Three or four deals which have recently taken place have required from two to five million dollars each. Fortunately for the west, the bulk of this mcaey is raid out to mining men who at once reinvest in other properties and ex- pend their money in development, opening up additional properties for the market. In years gone by there has been a little interest in western mining, and people have invested from a few dollars up to fex thousands in various stocks but not for twenty years have the I3rge1. investors taken hold as they are doing tc5ny, and this seems to be but the beginning. of wha the future has in store for the west. During the past five years while nearly every other business in the country has been depressed. god and copper mining has been phenomenally pros porous. This fact has naturally at tracted the attention of the hevier in yestors, who are looking for profit able outlet fer their surplus money Copper Situation