The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-10
Mines Are Sold for
Large Amounts
Eastern Capitalists Buy Properties
Near Marysville and Redding

The largest recent deal in Califor-
MA mining properties was the sale of
tne controlling interest in the Marys-
VIE Gold Dredging Company for
sSoO,o0o by John Martin and others to
Boston parties. this carrying 1900 acres
OF dredging ground east of Marys-
vile and adjoining the holdings of the
fuoa Consolidated Gold Fields Com
pany.
Almost simultaneously with this
transaction the Murchie Extension Gold
Mining Company made a large deal in
Nevada County, taking in s5I acres of
land adjoining the Murchie Consoli-
dated mine on the south and the Ban
ner mine on the north. A large sum of
money was involved in this deal, but
no figures We're given out by the in
terested parties.
The Crown Deep mines in the Lower
Springs district in Shasta County have
been sold 10 Philadelphia people
through II. o. sCummins, who had .the
property under bond The price in this
case was reported to be $4,000. The
mines are near Redding.
A bond on the extensive mining prop
critics of DR.. d. B. Fields in the Indian
Creek district in Trinity County has
been. taken by W R. Beall and w. r
Bigelow- These are both quartz and
placer and were owned formerly by
the Indian Creek Mining Company.
The placers have been worked for some
years, According to the Redding
Searchlight. the mine paid largely last
year. The placer and quartz claims
are on opposite sides of the creek. The
quartz claims number eleven. This also
was a good-sized transaction.
La GRANGE WILL EXTEND
Negotiations are under way that will
lead 10 the working by the La Grange
Mining Company of-1arge deposits OF
auriferous gravel on the Trinity River
below North Fork A camp has beer
made within four miles of Weaver
vile and prospecting is going on OF
gravel deposits that are supposed to
rank with those of the La Grange mine
The La Grange is the largest hydraulic
mine in operation in the world. Re-
Gently the management bought a water
right out of the North Fork at the cost
Of thousands Of dollars
Nevada County, which is the banner
goid-producing county OF the State. or
the basis Of the latest returns, may be
represented in the stock hoard lists. A
movement is on foot 10 have some OF
the leading mines of the Nevada City
district put. before the public The
PLAN. so it is reported by the. Nevada
City papers. is encouraged by ]. c.
Belshaw and others. 1t is proposed to
secure, il possible. the cooperation OF
the owners of such properties as the
Champion, Home Aountaineer, Ousto-
nah. Lecompton, Eclipse, Banner, Union
Consolidated, Canad HILL Mayfiower
Buckeye and Sierra Queen mines. The
argument that is used is that atten-
ton could be attracted 10 Nevads
County and that cooperation in the
Development of mining properties
wpuld follow
versy- over the gold dredging question
as ever happened in Oroville- The Sac
. -arnento Bee says that a new concern
-iiI- ask for the closing of certain
stEeets where 7it- desires to dredge and
lat ftahss purchased 40 acres of or
cnard land from. the Folsom Develop
-neat Company II the new company
should work toward the town 1T would
run into the rich belongings of the
Development company in the residence
district.
FINDS IN TWO COUNTIES
yalusble discoveries of minerals are
reported in three counties this week.
The Red Bluff Sentinel says that Te-
hama County may have the richest
copper mine in the State. This is at
Tomhead Mountain. which is rich in
copper A tunnel three miles long will
be driven, according to the same au-
thority. by the California and Massa-
clusetts Copper Mining Company,
which is developing the property. The