Weekly Arizona journal-miner. [volume] (Prescott, Ariz.) 1903-1908, 1903-11-04
MINING INTELLIGENCE

President Ed Block, of the Mer-
chants Mining company, today re-
ceived sack of fine ore taken from
the fourth. level of the company's First
Home mine. The shaft, as has been
heretofore noted, is not being run on
the ledge and when the fourth level
was reached, it was necessary to cross
cut distance of about twenty feet to
the ledge. This cross cut was not ex-
tended clear across the ledge but
drifting was commenced on the ledge
and before the drift had been run
twenty feet the ore body was encoun-
tered. 1t is the opinion Of Mr.. Block,
that the ore body would have been en-
countered in the cross cut if it had
been extended clear across the ledge
to the other wall. The ore is of an
excellent quality of milling ore, and
the ore body is little over one foot
in width, the ledge being eight feet
wide at this point, and being slightly
mineralized the entire distance across
it. The most important feature about
this strike is the fact that it demon
strates that the ore bodies continue
with depth, this being in the deepest
workings of the mine.
Fl. c. Hoffman, of FOOLS gulch,
has received a telegram advising him
that a prominent eastern mining
man will arrive on tonight's train
and will deposit a check on Friday
in bank here as the first payment
for a mining claim owned by Mr..
Hoffman. The property is in Mohave
county.
A telegram from New York says:
II the statements made by copper ex-
perts are true, then the Amalgamated
Copper company will make millions
by closing down it's plants. These
experts say that in the store houses of
the company there is stored more
than one hundred and fifty million
pounds of refined copper, the greater
part of which was accumulated during
the time the management of the COM
pany was trying to maintain the price
of the metal around II cents pound
That the closing down of the plants
will put up the price of the metal is
proved by ad vices from London, where
spot copper has jumped four pounds
ton since Saturday night, so that the
price today is 60 pounds, 6s ton. This
is fifteen cents pound, and an advance
of one cent. The Amelgamated company
by this rise alone is 81, 500, 600 better
off than it was Saturday night. There
is hardly any limit to the price to
which the metal may go, and if it
sold at II cents, with all companies
working at full blast, and when the
output exceeded the demand, it is
certain to go much over that price
now. Every one of the copper experts
has been reporting for some time that
the companies using metal have been
living from hand to mouth, and that
not one had enough copper on hand
to carry him for more than two
weeks. If the price advances to IL
cents, and some say that it will go to
20 cents pound. the copper company
can sell its stored surplus for s25, CO.,
900, or 81, 500, 600 more than it could
have sold it last week
J. Il. Liston, superintendent of the
Wild Flower group of mines, in the
Bradshaw mountains, says that there
is unusual mining activity in that sec
ton at present among all mine own
ers. The Wild Flower group of which
he has charge is composed OF nineteen
claims. He is sinking a double
compartment consolidated shaft which
will furnish an opening for working
twelve of the claims which lie in a
compact body. This SHAFT is now down
to depth of 10 feet and at this
point cross cut was run on the ledge
opening up a body of sulphuret ore
seven feet wide, which will average
about 80 per ton in gold besides
carrying good percentage of copper