Arizona weekly journal-miner., 1899-11-22
MINING INTELLIGENCE
General aad Local keies Fron tAs Field ei Mines and Mining
 Everywhere.

south 0i Equator Hill aud is said te
 b. vsry promising prospect-Je- one News
 Johu Der e. s dlligent prospectoF
 brings io town some rich- looking
 specimens of gold ore he has Fe- ceptly run into op Lynx creek. lie
 says that f0I yssrs he has found aoat aloag thas creek and feels
 somewhat sisted iu al last being
 successful ID locating tbe ledge ii
 probably came from.
 Wm. Button. of MinDehAha. hss
 just put in Q steam hoist on prop eriy which he is working and is getting machinery in for mill and
 says be will get down to active snd
 profitable mining very soon. His
 property IS well opened up.
 Ali machinery of che Val Verde shelter is in place and for the first time the gigantic plant was steamed up today on test run of the ma chiBsry. Considerable interest Is manifested in the operation of these
 reduction works, the entire mechan- ieal make up of the same being of
 hrst-elass design and of the latest
 model.
 4 chute of very rich copper ore has just been encountered ID the north end of level No. ? on the
 First home mine st a depth of l20 feet below the surface. This IS a
 new feature in the mine, as hereto fore its product has been gold, silver aud lead. The owners feel jubilant over the new strike. This property IS considered one of the best mines ou Big Bug. Large bodies of ore are exposed in all of the working.
 When Henry B. Clifford leased the Big Bng smelter the prediction was made that he would not secure ore enough 10 keep it running. He has not only been able to secure this amount, but finds the capacity of the plant totally inadequate to handle the ore offered him, and re- ports having just placed an order for an additional furnace with the Baker iron company. He says that he can take enough ore out of the Lone Pine mine alone to keep the present smelter running to it's full capacity day and night. MT. Cliff ford reports that ne has now a monthly pay roll in the properties m which he is interested in thls county of Sl5,0O0 per month, cer- tainly an important item. A few more such pay rolls is what the county is in need of and the number is growing right along.
 Considerable interest is being manifested among the working min CTS of the territory regarding the proposed miners drilling contest to be held during the carnival. These events are scheduled to take place on Tuesday morning of carnival week, beginning at l0:30 o'clock. | The rock to be used will, as is usual in such events, be of the bast quality of granite. The rules and regula- tions to govern the contest are yet to be formulated and this task will be accomplished in the course of few days. Some delay has been met with in completing the arrange ments, but the matter has been put into 6rst-class hands and an an nouncement may be expected short ly. When it is made the miners of Arizona will be generally notified. Several teams from this county will be on hand to show the other sec tions how to do 1t. The carnival as- ~ociation has appropriated the sum of S4O0 for both the double and ngle events and to this sum will be added the entrance fees, to be di- yided on percentage basis, making the entire sum available for this purpose upwards Or amounting to S6O0.
 A New Yorkdispatch says: "The stock of the United Verde copper mines of Yavapal county. Arizona, today reached the top notch of mine value of the world. Eight hundred thousand dollars worth Of stock was put on the market today and found a ready sale at the enormous valus- tion of S90,000000 for the property. The mine is by far the richest in tbe world and every dollars worth of its stock could be sold here at that valuation, An examination of the books of the company discloses the fact that the mine would be a great bargain at that sum, and a repre- sentative of German syndicate is here for the purpose of purchasing every dollars worth of that stock that IS put on the market, and it is not a question of price at all, appa- rently. The mine during the past six years has paid net some S39,000,- 600 and there is thirty years ore in sight according to scientific meas urements." Whatever of truth the above item may contain 1t is maui festly in error in regard to the size of the block of stock as the total number of shares is only 300,0C0. There is DO doubt about the ability to obtain the above price, as Senator Clark, who owns 92 per cent, recently turned turned down an offer for his holdings on the basis of Sl00,0O0,000 for the mine.
 A glimpse at the records of Yav- spsi county will demonstrate one very important matter in regard to our mineral resources. It is in the number of corporations formed in the past year to develop miues, and the vast amount of capital sub scrlbed for that purpose. h the