Arizona weekly journal-miner., 1901-12-18
MINES AND MINING.

|
 D. NJ. Riordan of the General Elec-
 tric company of New York, with
 headquarters in Los Angeles, is nego-
 tiating for an interest in the King of
 Arizona mine.
 It is announced that the Greene Consolidated Copper Go. has just de- clared dividend of S120,OOO, making a total dividend for the year of $40 900.
 Douglass. Lacey & Co, have recent ly taken bond on group of mines owned by Frank Raymond, near the Silver Belt mine. The mines are very promising looking.
 Harry Minuse and Shorty" White have bonded some claims owned by them to Douglass, Lacey & Co, who will commence active work on them at once.
 A London telegram says: The as- sociated press is officially informed that the Rio Tinto company has been approached by the Amalgamated Copper Co. with the view of arriving at an agreement to support the price of copper. No conclusion is yet reached in spite of reports to the contrary. The negotiations are de- scribed here as having thus far only reached the stage of preliminary con- sultation.
 Dan Shea of Jerome pulled the Sonora M. & M. company's stock last week. He purchased all that he could find for sale but very few who have invested in this stock want to sell it. The reports from the mine are too encouraging to justify man to let go of his stock at present.
 Jules Baumann has fine collection of ore from the Baumann Copper Company's mines, at his rooms.
 W. W. Munds came in Saturday on his regular weekly visit from his Cop per Basin Gold and Copper Mining company's camp. He says the new shaft is down now 50 feet and in the last three feet of work done richer ore was encountered than any place above that point. In fact the ore has been coming in stronger and richer with every foot of development work done. An order for whim has been placed by the com pany, to be put up on the property. The shaft is now timbered all the way down. They are working two shifts now and pushing development work with all possible speed.
 The outside world is coming to un- derstand the immense mineral re- sources of Arizona, remarks the Tue son Star. Mining men and mining capital are turning very generally to- ward this territory. The output of it's mines are increasing rapidly. The development of new mines IS far in excess today of any time in the his tory of mining in Arizona. The gen eral outlook was never half so good as today. In every mining district of any reputation, rich mineral is be- ing developed in most hopeful quan- titles. One of the most encouraging signs is the fact that local capital in every section of the territory is in- vesting in mining development and is becoming owners of some of the most promising mines of that mineral re- zion. But in these days of mining prosperity investors guard against the wildcat schemes of eastern adventur- CTS, who foist worthless mining stocks on the eastern markets at the expense of the good name of Arizona's legiti- mate mines and mining men. The seal of condemnation must be placed on every ck-jobbing scheme known to be without merit, for such are a great injury to meritorious mining interests.-Journal for Investors.
 That gold exists in sea water has been known for many years It ex- ists probably as double chloride of gold and sodium. The amount is al most infnitesimal. Numerous exper- iments have been made for the pur- pose of extracting gold from sea water. A few years ago a notorious swindler obtained large sums from guIlibIe public to fit up an apparatus to extract some of the fabulous amount of gold that is contained in the ocean in solution. Some we'll considered and patient tests were made on large scale some years ago in Sweden, to extract gold from sea water electrolytically. These experi- ments were conducted by wealthy man of scientific tastes, who wished to see what could actually be ob- tained by the sxpenditure of thou sands of dollars and in an interval of two years we believe he obtained about two ounces of gold Not a very profitable investment. It is un- doubtedly the fact that old sea-g0ing sailing vessels with copper sheathing have been known to yield consider able gold in the sheaL.ing. It is quise likely, however, that the gold was originally in the copper. One hundred years ago the methods of copper refining, so far as-taking out gold was concerned, was not sesy perfect. and in the cases which are on record, this may explain the ex- istence of gold in old copper sheath ing. Still it is perfectly possible that some. if not all, of the gold so recov- cred was derived from sea water ID