Arizona republican., 1899-05-16
Mines and MininQ


 On the 2d of the month in the city of
 Boston, Mass, 5000 was paid by tha
 United Verde, Jr., company to the
 American Loan and Trust company. to
 be divided by said company and dis
 tributed among Louis Martin and the
 three St. Peter brC. .hers-Archis, Peter
 and Geo-ge-cf Jerome. The money IS
 the first installment of the S75,000 bond
 the company has on the St. Peter Mar
 tin group of copper mines, abcut three
 miles from Jerome. The balance of
 the money is ito be paid in large instali-
 ments and is al due by July 1, 1900
 There is TO doubt of the sincerity of the company or of it's ability to pay off the installments as they fall due
 w. J. Dean, one of the directors of the company, who is a mining exper5 oI note, arrived in Jerome directly from Boston this morning, prepared to start work on the property at once. The St. Peter-Martin group consists Of seven or eight mining claims, some cf which have been developed and are showing up well They are near the News mine in the same general forma- tiOn.
 The bonding of these claims was consummated by J. G. McBride. Wal lacs and Morrill, in JulyOf last year. The three agents will receive S25, ,000 of the purchase price. of the group for their part of the transaction. The United Verde, Jr., company is capital ized at $2, ,0O0,0 ,00O, consisting of 200,000 shares at $10 each. The stockholders are eastern capitalists and are all we'll satisfied with their property MT. Dean will inspect some other mines of the St. Peter boys while here, and if he reports favorably the company will take hold of them also.-Jerome Illus tlsr.
 MORE MINES SOLD.
 A few days ago the Courier made mention that G. H. Hooper of Salt Lake and New York was sojourning for a short time in this secton, and had no idea that he was on mining in vestment bent But last evening the Courier reporter ascertained that Mir Hooper, as the representative of heavy Baltimore capitalists, had purchased the Buster group of mines from Mcssrs. Forbes & Mckenzie, the price being $33, 300. The Buster group is To- cated in the Bradshaw mountains. famed far and near for their mineral richness, and just two and one-halt from the Crowned King, one Of the best producing gold mines in Arizona -one which has paid from the grass roots down, and all during the dozens Of years it has been worked. The l Buster group has $50 feet of develop | menIt work showing a continuous vein l of free milling gold ore ranging from l three to eight feet in width The re- | porter saw a lot of thla ore. and can l say that it is spangled with free gold l as if the molten metal had been | sprinkled over it. It is certainly very 1 tempting looking rock, and the only | wonder is that the mines have not Dsen | sold before this. The mines are very | favOrably situated as to wood and wa ter. The purchasers of this property i propose to go to work upon them in | earnest as soon as possible, as is evil | dencsd by the fact that Mir Hooper left for San Francisco this morning to pCr- chase a ten-Stamp mill. which will be | placed on the properties.
 In the early days the Bradshaw mountains were Hha favorite haunt Of 1 the savage Apaches and even later their isolated position kept investors out, notwithstanding the then known richness of the region. Years befOra railroads crossed northern Arizona. long pack trains of animals laden with ore from mines in the Bradshaws passed through Prescott for shipment, and all can realize how rich thaL ore must have besn to stand the expense of mining and shipment in those days of very high prices Now. with the ad vent of modern methods road building | and cheapened processes, the Brad shaws are forging to the front as one of the most promising of gold mining regions, and claims are being located bonded and sold all through the dis trict and owners of producing mines are reaching out for adjoining proper 4fes. Mir Hooper has made a gooG se1Gdtion, both as to property and the distrfct-Prescott Courier.
 MINING NOTES.
 George Mitchell of the Cobre Grande Copper company came up yesterday from camp. The work of erecting theil smeIteTs is progressing rapidly and they will ba ready to blew in before many weeks. The first shipment of coke has already arrived at Naco and will be hauled 10 the mines during the next few days.-Bisbee Orb.
 Mir. G. w. Pittock, writing from wilIcox. Arizona to the Los Angeles Mining Review, has just sent the fol- owing: ''I heard here today (May ID that Judge W. H. Barnes, c. Christen sen. ". P. Woods, Nat Faison and Colonel H. E. Lacy, all Of Tucson, have l just sold their Silver Bell group ot { mines. situated forty miles west of Tucson, for $25, ,0O0. Ten per cent of the amount was paid down" The Arizona Copper company reports the production of it's mines at Clifton in March at 974 lcng tons of black cop per For the three months ended March 31 tha tCia1 was 2,700 tons or 2 black copper.