Arizona weekly journal-miner., 1901-12-11

rom the source It does, there IS n' doubt that the work will be done
 practically as now stated. The fore
 of men now employed on the Irol
 King is being increased and the Bur
 leigh drills will be added this week
 -Jerome Reporter.
 The railroads running out of Grip
 pie Creek, Colo, have announced {;
 fiat rate of S1. co per ton on all ore.
 regardless of value. This is exactly
 as it should be, freight rate uniform
 for all kinds and grades of ores
 Other railroads could adopt the policy
 with advantage both to the miners and to themselves.--M. & s. Press.
 The report comes from from Fl Paso that La Cananea people a few days ago found a large ore body, which promises to run high in yield. The find was of copper, carrying from l5 to Is per cent and located in the Veta Grande river, on the original Cananea property. It equals in rich ness the ore of the Copeta mine, the ore of which now in sight amounts to something like S7,000,000. The town of Cananea is rapidly building. AL ready there are contracts for $50 buildings pending, awaiting the ar rival.of material. Town lots are rapidly sold.
 We understand that the real reason for the closing down of the Tennessee mine at Chloride is the desire of the big share holders to force the small holders to disgorge their limited hold ing of stock at a price to be agreed upon by the big fish. When this has been accomplished the property will be turned over to a company that has been formed for this purpose. The price agreed upon is said to be S500,- 900. The mine is in good ore and can output better product than ever in its history. So far in the deal practi- cally all the small blocks of stock have been called in at low figure Kingman Miner.
 W. w. Munds was in town today from Copper basin, where he is en- gagged in developing the property of the Copper Basin Gold and Copper Mining company. The shaft recently started has been sunk to a depth of forty-five feet and has been timbered all the way down. MT. Munds' confi- dence in the property remains un- shaken and so confident is he of its merits that instead of sinking an or dinary prospector's shaft he is sink ing a double compartment one that will meet all the requirements of a big mine which he feels sure they will have. The mine grows better with each foot of development work done, the ore not only coming in stronger but increasing in value. Mir. Munds is now working two shifts in the shaft and will push it down just as rapidly as the work can be accom- plished. He returned to camp this afternoon.
 The Phenix Republican, in ac- knowledging the receipt of a pros pectus of the Baumann Copper Co.,, has the following to say of it: "The prospectus of the Raumann Copper company has been received at this office and its contents would indicate that the company is in possession of very promising property. It is sit uated close to the Val Verde smelter on the P. & E. railroad and the facili- ties for working the property are con venient. In that immediate neigh borhood there has been great mining activity and the future of that district is more fattering than ever before. The Baumann is capitalized for S600, 900, of which one-half is treasury stock. The gentlemen comprising the board of directors are all reputa- ble business and professional men. The personnel of the board is R. E. Sloan, associate justice supreme court of Arizona; Robert E. Morrison, U. s. district attorney; J. c. Martin, re- ceiver United States land office and editor of the Journal-Miner; H. P. Anewalt, general freight and passen- ger agent of the s. F., P. & P; w. $. Goldsworthy, chief clerk in Mir. Ane- waits office; E. A. Kastner, a Prescott merchant, and Jules Baumann, an ex- perienced mining man.