The copper era., 1906-12-27
MINING DEAL CONSUMMATED.
$S0O,0OO Involved in Bonding of Rich
 Groups of Claims in Globe District.

The newest and latest big deal for mining property in the Globe eis- trict is one of the most important
 yet consummated and involves twenty-nine claims located within 1 six miles of Globe, with considera- tion which will aggregate S30O,000. The deal was made without one of the interested parties leaving the city, which tells more than words the value of property which can com mand such a figure and also the faith which is being shown in the district by those who are new to the vicinity. The properties involved in the deal are the Oates-Newman group of six teen claims, which have been bonded from J. B. Newman, Philip Oates, Joseph Faull and J. P. Faull; a group of five claims adjoining and owned by w. D. Fisk, J. w. Bandhauer, A. A. Patterson and JohnWog, and they have taken an option on the Taylor Woods group of eight claims owned by c. E. Taylor, Lyman c. Woods, J. J. Keegan and William Stevenson. The bonds on the two first named groups cover a period of eighteen months.
 Negotiations for the deal started on the latter part of last October, when Attorney F. J. Elliott began securing options on the various de- sired claims, claims which were also desired by heavy interests other than those which secured then. as there were at least three large companies importuning the owners for options at the time. December a force of men was put to work on the initial development work, which will be prosecuted with vigor and on large scale under the supervision of F. c. Alsdorf, until recently of Clifton, who is acting as agent for the principles in the deal, the identity of whom, it is presumed, will remain "subrosa," for a short time at least, neither Mir. Elliott nor Mir. Alsdorf being apparently willing to divulge the names of the people who are be- hind the deal, but the proportions of the deal make it certain that the interests back of the purchasers end are important ones.
 The first work on the properties, which are located five and a half miles northwest of Globe, will be the development of the Captain claim of the Oates-Newman group and the Red Spring, which was owned by Pat terson and Wog. Sinking for three-compartment shaft has already begun on the Captain and a similar shaft will be sunk on the Red Spring. It is said that the Captain is a solid mass of ore and the shaft will be in ore from the grass roots, as an abun- dance of it was disclosed when the ground was prepared for the shaft. Three shifts will be put to work on the shafts on both properties imme- diately and a hoist for the Captain will be ordered within a week.
 Cook and bunk houses, trails and wagon roads are almost completed and fifteen men are already employed on development work. The ground is contiguous to and similar to the Insdiration mine, which is showing great promise, and the Eureka, now being operated by I. N. Kinsey, which is also adjoining, proves part of the ground. Engineers who have been on the ground, say that it is one of the heaviest mineralized sections of the Globe district and great things are expected of it in the near future Belt.