Arizona weekly journal-miner., 1902-07-16

. cry, scientific knowledge and busi- ness management, place mining on as safe basis as the ordinary busi- ness enterprise. Also that thousands of people are acquiring wealth by ju- dicious investments in mining stock. the result of their cooperation in the development of meritorious proper ties, of ably conducted, legitimate mining enterprises.
 In the calendar year 1899 the worlds gold production was about S307, 100000, the largest single con- tributor to that total being South Africa. The war which set in in the closing part of that year, and which has lasted until a few weeks ago, brought the output down to about S225,OO0OOO in 1900, and it was around the same mark in 1901. It will be larger than that in 1902, but 1903 will probably be here before the South African field reaches the figure of just previous to the breaking out of hostilities. As soon as the mines in that quarter fully recover from the effects of the war, work will be pushed on a bigger scale than ever before, for the transfer of the cOun- try to the British will send in addi- tional capital and there will be a general expansion in all its activities.
 E. E. Greenwood, superintendent of the Cadillac Mining company, left today for the Bradshaw mountains, after few days visit in Prescott, on business. He says that at a depth of 125 feet water was encountered Tn the Cadillac's shaft in such quantity that it could not be handled with a whim, and the work of sinking had to be discontinued until a steam hoist and pump can be installed. This ma chinery has been ordered, and he ex- poets to have it in place by the 1st of August. In the meantime be has men drifting each way from the shaft at the 100-foot level, while he is wait ing for this machinery. The mine has been making a fine showing.
 The Poland mill has been com pelled to close down on account of a lack of water. A small force is still employed in the mine, while work in the tunnel is being pushed as rapidly as ever. The tunnel is now in about 800 feet from the Lynx creek side of the mountain, and 1t is said to be in nearly 1000 feet from the other end.
 The following telegram sent from Flagstaff to the Associated Press will be an item of information for home people: "Great excitement prevails over the recent rich discov- cries in the vicinity of Senator Clark's fabulously rich mines at Jerome, which, it is asserted, will rival that famous Verde property in copper values. The new mines are within four miles of Jerome and are owned by the Black Rock Gold and Copper company, recently organ ized for their development. This property seems veritable mountain of rich ore, carrying high values in gold and silver, as well as copper. The mines were located by an old prospector accidentally while dig ging the foundation for cabin. Be- ing unable to personally handle them, he providentially made the ac- quaintance of Charles A. Allen, of who happened to be in that in the interest of the govern
 
 development. The old prospector today can count his wealth up in seven figures, and in gratitude to AL len he has given him valuable in terest in the corporation recently It would be source of further information if the old pros pector's name was given. No such strike or no such property has ever been heard of in this section.