Bisbee daily review., 1906-10-18
Prominent Copper Interests Buy Other Groups in Addi- tion to Control of the Five Points Company.
First Payment Is $120,0O0 and Buys Two Groups Near Globe and Mines Adjoining Lake Superior & Arizona.

1lope-J- C- Bf1tt, president Of the Five Points Copper Mining company. returned last evening from three months eastern trip. He confirmed the story regarding the sale of the controlling interest in the Five Points to George Mitchell and associates of New York.
 The deal, however. is much larger than had been intimated to local stock holders and officials of the company, by the brief telegram from Mir. Britt. The deal marks the entry into Globe district of two we'll established min ing companies now operating on a large scale ill Mexico.
 They are Mitchell Mining company ar Guerrero. Guadelajara, and the Fennsylvania-Canane Mining compa- ny. whose mine adjoins the Capote mine of the Greene Consolidated Cop per company at Cananea, and which is now making regular shipments to the Cananea shelter. The name of the latter company has been changed to the Pennsylvania, Cananea & Globe Mining company, in view of their re- cent acquisition in the Globe district. Geo. Mitchell is president of both com pan;ec.
 Tho Mitchell Mining company through this deal. acquires in this district, the North Dominion proper ty situated one mile and half north of the Old Dominion smelter and com pfising four claims which belonged 10 Charles Banker and eight claims acquired from Charles Schulze and sons, which are situated ten miles westerly from Globe.
 The Pennsylvania, Cananea & Globe Mining company has purchased the controlling interest in the Five Points Mining company, comprising twenty two claims, situated about twenty miles west of Globe, in the Pinto creek region
 This company has also secured three groups of claims at Superior, in Pinal county, the ores from which car " copper, gold, and silver in paying quantities. The owners of these claims were J. H. Thompson. of Globe, and Ed Fondren, of Superior. owning one group; Brown and McGrew owning an- other group, and the third owned by Lund & Company.
 The companies have already open ed bank accounts in Globe and the in itiaI payments on the properties pur- chased amounting to s120,000 will be made within the next week.
 Of these properties acquired by the Mitchell people, the Five Points has gained more than local reputation, stock being held in Bisbee and at oth- CT points in Arizona, and also in the east Suffice it to say here that it is a very promising property, show ing high grade sulphide and carbo- nate ores in several openings.
 The property acquired at Superior lies adjacent to the Lake Superior & Arizona mine. on which important veins of copper and gold ores have heen opened to a depth of 800 feet. The ores on the Pennsylvania. Cana nea & Globe property at Superior are similar to those of the Lake Superior & Arizona, and the lodges so far as prospected, are strong and well min eraiized.
 Work will be begun by the new owners on both of these properties i'm mediately. starting with a force of thirty-five men at the Five Points and nine or ten at Superior, working two shifts. A steam hoist has been pur- chased for the Five Points property. and has already been shipped from the east, together with other neces- sary mechanical equipment.
 The North ominion group, secured by the Mitchell Mining company, nhiic but littled evefoped, show a strong lead carrying high grade car bC-ate and oxidized ores at the sur face. Of the claims in this group, he Banker claims are opened by a shaft and tunnels to depth of about I5 feet, from which some high grade ores have been taken.
 The North Dominion group Is also well situated. being adjacent to the Old Dominion and Keystone claims of the Old Dominion Copper Mining and smelting company and the John Haley group of copper claims. They are not more than mile and half from the end of the c. V. G. & N. rail road.
 Work on the Schulze property has been carried on for several years by the Scnulze boys with excellent re sults, showing strong veins of copper cn several of The claims. Mir Britt has a high opinion of this property, on which systematic development work will be begun at once with a force of thirty men A steam noise has been purchased for this group, and il has already been shipped.
 On both the Five Points and Schulze properties, three compartment shafts will be sunk
 The deal was consummated entire ly through the efforts of MT. Britt, and is the largest ever made in the dis