Daily Arizona silver belt., 1909-06-16
UNEEDA MINING co.

Among the new mining enterprises of Globe district being backed anc promoted by experienced and cafable mining and business men is the Uneeda Mining company whose property, in eluding in all eighteen claims, is lo- cated abut six miles southwest of the city on tine Troy road.
 The company was formed last April. The officers are Sam Seelig, president ard treasurer; T. l.. Cross, vice-presi- dent; c. ". Cross, secretary. The com pany is capitalized at $l,OOO,OO0 and the par value of the stock is sl per share. All the stock is non-assessa0le and 500,0O0 shares of it is treasury stock. As directors the company has such capable men as J. F. Mayer, Flu gene Barrows, J. W. Leonard, Wade Sotel and c. ". Cross, all of whom are we'll known locally among mining men. The eighteen claims which constitute inc property of the Uneeda Mining company are named the Wanderer, Rambler, Rainbow No. l, Rainbow No. ?. Hidden Lode, Marion, Meraposa, New State No. l, New State No. 2, Laura, King of Arcadia, Sinner, Tom boy, Sister Girl, Lillian, Ruby and Tip. top. Of this number the last two were bought orter the company's in- corporation. All the claims were To- cated by Eugene Barrows and John ". I .~,.,d hnfh of fhis Pify
 At present the company is making arrangements to open offices in New Yorl; city, where the main fotation of stock win be made. It is expected that the bulk of the stock will be readily placed with eastern investors, many of whom are prepared to take an interest in a good reliable mining enterprise such as this. Secretary c. w. Cross, of the Uneeda Mining company was form erlv well.known business man of Houston. Texas, where his father is now priminent in business circles. He will take temporary charge of the New York offices and through his exper ence and energy the company should be as' sured of placing all of it's stock in the near future.
 As soon as the stock has been fioated, which should be in the course of few weeks, work on large scale will be undertaken on the company's property. All necessary machinery will Do pro- cured and the taking out of ore for shipment to the shelter at Fl Paso will be begun at once. The shipping point nearest to the mine is Cutter, four miles stant on the railroad. As the Ruby claim, ou which the first shaft will be sunk, is located on the wagon road leading to this town. road-build-' ing will not be necessary. The nrst shaft will be at least 100 feet deep. At that level drifting and eross-cut- ting will be begun to strike the ore veins which those who have examined the ore bodies feel sure are within easy reach.
 The officials of the Uneeda Mining company gre wholly justified in their confidence that the mine will be rich ly paying one by the quality of the ore that has already been taken from the shallow shafts which have been put down to test the ground. Two men have been working on the property since January. One shaft forty feet deep has been sunk, and on one claim tunnel has been driven for forty-five feet and good sulphide ore has been st rlick. All the location work on the claims was done before incorporation could be effected,
 The assays of orc taken from the property have been made by II. F.. Bieree of this city and the returns show that the percentage of copper is 7.63. Gold is also present in the ore to the value of about $l.40 a ion and about an ounce of silver to the ton is also found. With this mineral enough sulphide is present to make free snelting.
 About one half mile away good ore is being taken out for shipment on claims worked by MT. Harvey. On the whole the chances of the future of the Uneeda Mining company look very bright and the capable men who are at the head of the enterprise should eventually make it one of the best.