Weekly Arizona journal-miner., 1907-09-04
SPAR PROPERTIES ARE SOLD FOR
 s100,000

No transaction in the history of min. ins transfers of the past few months in this county appears as important as n deal consummatcd here yesterday, when the properties of the Spar Mining com. pnny, located three and n half miles east of Mayer, were taken over by Try. on & Brain, wealthy Los Angeles con tractors. The purchase price is $l00, GOO. large portion of which was paid down when the formal transfer was made.
 The principal claim of the group of ten locations bears the unique distinc. ton of not only having pail the cos, of it's development from the grassroo,s, lon, also having produced, in addition, the purchase price paid for it to Yer non Slinkard by A. Popkcss. in the frs, sixty days of it's operation. Less than year ago Mir. Popkess entered the district, and was at once attracted to tho property. He took it over unlcr
 
 expiration of the three months option paid the full purchase price of s2,5OO from the proceeds of the ou,pu, of the ores.
 Previous to the acquisition of the property by Mir. Popkcss the claims were turned down by several mining cx- pcris who had examined the shallow openings on the surface. D. \. .jon. kyns. n mining engineer, now general manager of the McDcrmott group of mines, only few years ago, sampled ihc outcrop and nt once recognized the great possibilities of inc ledge. He brought samples with him to this city and showed them to number of min. ing men and investors, who pronounced the property worthless and not worthy of consideration. When Mir. Popkcss arrived iL Mayer he was met by MT .Jcnkyns, who showed him the ground and gave him his opinion of its pos abilities. Relying, to n great extent on Mir. Jcnkyn's judgment, the dea for the purchase of the ground was n' once negotiated with Mir. Slinkard, an, inc soundncss of the judgment of thu purchaser was demonstrated when th' property was sold for forty times iti original cost price.
 Mir. Popkcss started sinking immedi atcly after securing the bond iron Slinkard, and in less than ten feet Il depth the shaft encountered n goo body of ore carrying gold, silver an copper values. Continuing the shaf down, the ore body widcncd out { four feet, n large portion of which VII shipping orc, which found A ready maj ket in the smelters at Needles an Humboldt. The shaft is now down { a depth of over 200 feet and the or body developed in tho 100'foot leve has been exposed in the drifts from tf 2OO.foot level, with every indicatio that it is continuous all the way dow
 Two shifts will be started in ti mins next week by the new ownc and the shaft will be equipped vii modern mining machinery. Negoti tions for the purchase of the proper were only under way n few days wn' the deal was closed, after F. M. Ore cher of the firm of Elliott X Drcsch' submitted his report, recommending purchase. Mr. Drescher will ha charge of the work for the new ow CTS.
 Associated with MT. Popkess, { largest individual stockholder of [ Spar Mining company, and und whose management the mine was vclopcd to its present promising staI were his son, M. A. Popkess of Scr' ton, Pa, A. l.. Harroun and w.
 Moses, both of Kansas City, Mo.
 addition to their holdings in the Sp disposed of yesterday, all are heav interested in the Rosalie and Sun mines, in the Copper Crock distr twenty-five miles east of Mayer.
 Mir Popkess stated yesterday that had no intention of leaving the { trict but on the other hand, had home under construction at Ma! where ne intended to reside, and ( his lot with Yavapai county, which believes to he one of the richest n ing regions on earth.