Mohave County miner., 1901-03-23

gfoup.-Sllver Belt.
c. l.. Cox and NJ. d. Latten came to
the city yesterday from the north end
of the White Tank mountains, bring
ing with them some fine specimens of
copper gold ore; also some asbestos of
which they have found large deposit.
Several parties are quietly and syste.
matically developing the mining in
terests of this section, notably the De
MINDS, who have at depth of 150 feet
struck native copper in paying quaint.
ties. This camp within the environs
OF Maricopa county, bids fair to out
rival the noted Bisbee and jerome
camps, and with its introduction in a
commercial sense will prove a great
benefit to the Salt River valley and
will also make the production of bull
ion cheaper than anywhere else in the
territory. At the present one hundred
miners could be put at work on high
grade copper ore from the grass roots.
Transportation is easy and water facil.
tiles ample and permanent With the
showing represented by the above gen
tlemen and others interested, this
country is bound to come to the front
Enterprise.
The general opinion in London is
that we shall see very few new com
panies floated for some time to come,
as the new English company law has
put a serious obstacle in the way. The
promoters and vendors have to state
In the prospectus what their profits
are, a perfectly fatal provision from
the promoters point of view Even
the most respectable floatation in
wolves the multiplication of the pur
chase price by three, before the prop
erty can pass from the original owner
to the company. The margin partly
goes to one and another, promoters or
Intermediates, and partly to stock ex-
change firms, as inducements to create
a market, What will happen when
shareholders find that such large slices
go to their advisers remains to be seen,
but it is obvious that promoters aud
stock exchange men are not enamored
of the new law. They threaten, there
fore, TO make up no new companies I'M
less there is some amendment to the
law.-Engineering and Mining Journal
Negotiations are pending tor the sale
of the Wild1ower group of mines in
the Bradshaws and it is very probable
the deal will be consumated by the
end of the month. The group con.
sists of thirteen patented claims, sit
uated about two miles from the Crown
King mine, and is owned by Messrs.
Bashford and Burmister. A great deal
of money has been spent on the prop
erty, over four thousand feet of devel-
opment work having been done within
the past few years and it can be con-
sidered a well developed mine. In the
latter part of January Mr.. r. Ii. Bur
mister opened negotiations for the sale
of the property to eastern people,
whose representative here was Mr.,
Clancy, and bond and lease for sixty
days was given to him. This bond
will expire very shortly, but Mr.. Bur
mister has reason to believe that IL
will be taken up and that the purchase
price of the property will be paid.
The Wildfiower group is said to be a
remarkably good property and when
equipped with machinery will become
paying Northumberland Pros.
pect.
That the control of the Grand Cen
trail mine, at Tintic, will pass into the
hands of the Bingham Copper d Gold
Mining Company within the next few
days on a basis believed to approx
mate 50 a share, or 2,000,000S for the
entire property. was the information
brought out yesterday. For the rea-
sou that negotiations are pending be-
tween representatives of the purchas.
ers and individual shareholders, and
not with the company, the officers and
directors of the Grand Central ALSO
lutely refused to say anything about
it, contending that they had no right
to discuss the private business affairs
of individuals, even though they re-
lated to their holdings in the corpora
ton. A gentleman known to be asso-
ciated in the consummation of the
great deal admitted that negotiations
! were pending and be expected to see