Arizona weekly journal-miner., 1901-08-07

Copper Producers Association, does
 not fulfill the expectation of an in
 creased output by the mines in the
 United States. In fact the figures
 show a decrease of 1,1S3 tons from
 the production for the first six months
 of 1900. In explanation of this fall
 ing of it is stated that some of the
 larger mines have probably curtailed
 their output. At any rate the asser
 ton is disproved that the high price
 of copper would so stimulate produc-
 ton as to demoralize the market for
 copper and result in a much lower
 level of prices. The price of copper
 remains steady at seventeen cents for
 Lake, despite the heavy falling oil m
 exports, which have been offset by
 the increased demand for home con
 sumption. It looks like safe pre-
 diction that of the three great copper
 producring districts Arizona will be
 the only one to show an increased
 production for the year 1901. Ari
 zona's advance will be sure but not
 rapid. She has far greater copper
 bearing area than either Michigan or
 Montana, but the copper industry is
 comparatively in its infancy in this
 territory, and it will require several
 years to elapse before the results of
 the immense amount of capital now
 being invested in copper mining in
 Arizona and the extensive develop
 ment work following it, becomes
 strikingly apparent. Then Arizona
 will go to the front with bound and
 contine to hold first place in the pro
 ductiou of the red metal.
 It has been reported on the streets for some days that Superintendent
 Arthur Hendy of the Copper Chief
 mine has handed in his resignation
 to the company, and that the same has been accepted, says the Jerome News, and that new man will be on the ground in a few days to take charge, and that the work of develop ing the property will be again com menced and the group thoroughly opened up. For months there has been no development work done on this property. all the time being given to the teaching of the hundreds of
 of tons of ore taken out of the shafts and drifts, no stoping hay ing yet been done. There is still another rumor regarding the Copper Chief property. We of course give it for what the reader may think it is worth It is said that in the settlement of the famous Equator suit, which split Equator Hill in two, giving Senator W. A. Clark the east half of the Copper Chief the west part thereof, there was provis- ion inserted, providing that if the Copper Chief company should sell, Senator Clark should have the first chance to acquire it, being virtually an option without set price. Nov it is said the Copper Chief people have been offered S1,OO0,0O0 for their property, all of which may pass it up to the Senator if the Copper Chief people think it is enough money and the senator thinks it is not too much.
 C.B. Hosford, owner of the Big Corral claims in the Rich Hill coun- try and of several flowing springs at he Revenue mine, givs some informa- ton concerning the mining operations in that region. He talked of the mar velous development of the Octave mine, which a few years ago was a mere prospect but has developed into an important gold producer, and add ed: "The present activity around Rich Hill and extending back into remote districts is remarkable. There arc prospects everywhere, and many of them give promise of soon opening into very valuable mines. The search in that section is for gold, as there IS very little copper or other metals. Water is almost as valuable as ore, and in some instances it would be equally as valuable, for there are mines which cannot be opened with out a considerable outlay for the de- velopment of water" Among the most important pieces of work accord ing to MT. Hosford, is an attempt to locate the lead of the Octave ledge. Dave Jones, superintendent of the Octave mine, has formed company of Chicago capitalists and is sinking at a point about a mile from the foot of Rich Hill in the hope of striking the lead. If this company finds the vein another bonanza will be opened to rival the Octave. The opinion is general that his chances of success are fair. Jones is familiar with that district and the mineral formation. It vas upon his recommendation that the Pennsylvania capitalists who now own the mine sank more than half million dollars in developing the Oc- ave from a prospect. So much con idence was manifested that this was lone before there was dollar of re- turns. Jones is now equally conf lent of the success of the new ven iure and is putting a great deal of his own capital into the enterprise. This known as the Gage Min ng company, has also acquired the Yarnell mine and mill. A New York is reported as having taken lp the Bullard mines, fifty miles west ,f Congress, upon a bond of $500, 1000. According to the same source SlOO,- )O0 in cash has been paid to John Buliard, the owner. This is copper gold proposition, with an enormous edge that has been uncovered for yreat distance. The same people are for the Leviathian group n that region, one of the best known. hines of the territory. George B Upton, representing Clinton, Ia., cap talists has spent considerable money n the development of the Gold King md Mountain Ridge mines in the Octave district. One tunnel is driven n the side of the mountain 900 feet md much ore is in sight.-Republi- an.
 A. F. Leach, special agent of the interior department came up on this