The copper era., 1902-02-27
MINES AND MINING,
METAL MARKET.
Silver. Copper, lake. IL
Mex. dollars 49, Copper, cast. ..l2,

\ shipment OF four cars OF ore was
made from the Standard Copper mines
to the Arizona Copper company which
averaged 3s.7 per cent copper. This
Is perhaps about as rich a shipment
OF ore a. was ever made from a mine
in this district. Another shipment is
now ready at the Standard which is
expected to run even higher than the
shipment made last week.
The Clifton Consolidated Copper
mines OF Arizona. Ltd, have Just
finished making full payment on all Of
their fifty-odd claims, and have dis
tributed = nice bundle of greenbacks
among Clifton people, among whom
Alexander Vietch, J.D. Audley Smith.
H. G. Rice and J. F. Smart each came
in for handsome share. The COM
pany was organized here less than
year ago, by L. y. Durham, a promi-
nent Colorado and Montana mining
man, and options taken on several
groups OF the most promising proper
ties in the Greenlee district. Paw
ment. were made at the time OF the
purchase, and other payments made
at intervals since that time, and this
week the bonds and contracts on the
property were taken uHu,:.nd the prop
erty of the com psag Is n15w free OF in
debteduess. The company has accom-
plished vast amount OF development
work during the past year, and was
the first company to operate an cleo
trio drilling plant in this district.
tunnel at the rate of $50 feet per
month. This is opening property
with rus!:. The company is backed
by English and French capital, of
which Richard Hccksher of London
is the moving spirit. The company
has already spent large sum OF
money in this section. and is only just
getting ready for business. 1t controls
a vast property, rich in both copper
and gold, and doubtless at no distant
day will be one OF the most important
companies in this section of Arizona.
Henry Setter, OF Bridgeport, Conn,
spent few days in Clifton this week.
Mr.. Setter is one of BridgepOrt's
prominent and prosperous citizens.
He is also president of the recently
organized Stevens Copper Co.,
which, through his able and energetic
management, is likely to become an
other tribute to the mineral wealth of
Graham county. The Stevens Copper
Co. is fortunate in having acquired the
valuable holdings known as the "Stev-
ems group" 1t has also since pur
chased from B. NJ. Crawford and J. F.
Niccolls several valuable claims. The
Bridgeport capitalists. who are asso-
ciated with President Setter, are to be
on their good fortune
and shrewd judgment in the selection
of their mineral holdings. Mr.. Setter
was accompanied by Frank Miller, one
OF Bridgeport's wealthiest business
men, who is also largely interested in
the Stevens company. While here
MIR. Sitter placed Charles l. Stevens
one of the original owners of the
group-than whom there is no better
miner anywhere, in charge OF the prop
crty. A force of men will be put to
work at once inSlAs--jeve,opmen of
the properly. 1t, is the intention of
the management to push development
as rapidly as possible An electric
plant is under contemplation, and will
most likely be in operation within a
few months. One tunnel on the Prop
er:y has now penetrated the mountain
$40 feet, and will be extended to 1000
feet which will afford ample stopping
ground. Development will also be
on several other claims of
the group. The operations OF the com
pany will ibe watched with interest by
the ERA, and its readers kept inform
ed as to is progress.