The copper era., 1909-01-14

hibition of the day. h the mile ex- hibition, Oldfeld did it in 5 seconds is only 2-5 seconds behind Old6eld's time on the Agricultural track at Los Angeles and 2-5 seconds behind the worlds record on a circular track, established by Hughes witt the Christie car at St. Paul.
 The abstract of the conditions O the national banks of Arizona at the close of business on November ?, as reported to the comptroller of the currency, shows the average reserve held at 2O.S5 per cent, as against PA 26 per cent. on September p: loans and discounts increased from S3, 7S2,- l91 to s, ,S25, ,936; gold coin from S270,- 353 to S2 B, ,5t4: lawful money reserve from S555, ,2S3 to S6l3, ,153; individual deposits from S4 ,499, ,274 to &, 1859, ,340 f The comptroller has appointed the National City B ink of New York as agent for the Phoenix National Bank. Col. J. c. Denton, of Bouse, has concluded the sale of the Manipu- lator group of copper claims, en- bracing the Little Butte, to Louis Compton, publisher of the Financier of New York, and J. E. Myer, d Los Angeles broker. Experts examined the property and the purchasers bought only after satisfying them selves of its value. This is the third big sale Colonel Denton has put through within the last sixty days in this camp, says the Yuma Sun, and as it assures big capi.>1, for develop ment. all are facing the new year with high hopes.
 Rumor reached Wilcox to tn e effect that the Mascot Copper con- pany had cut large vein in the west | croascut from the Consolidated tun- mel. A special trip to the Dos Ca bezas verified the rumOr and they were just drilling a round of holes ready to shoot the first charge of dynamite in the new ore body. The | ledge shows for thirty feet in width
 in the center of which is an immense pay streak of the finest high grade chalcopyrite ore ever seen anywhere. l No assays have been made to deter mine the exact amount of copper contained per ton, but no assay is needed except to determine exact horn, can readily see the high grade character of the ore.
 In the immediate vicinity of Bouse there is great activity. A new town is under way. H. E. Stone. of Doug | las, and Arthur PhIlbrick and E. c. Norris, of Gold1eld, Nev., have come in, and with ample financial backing are buying, bonding, plotting and pre- pairing for sale large lot of land in the valley between the Harcuvar and Pomosa mountains. The start | that is already made is the building of the company office, pretty bungalow, and the arrangements for | the starting of brickyard at once, at which will he m de the material tor the cons, rue ion of d large hotel build .ug in which they will aisJ locate i bank, several stores, livery Irn, well equipped. will be one of the earliest adjuncts.
 | Among recent strikes ot ore made in the mines of the Globe district. none is more important than that re- ported to have been made. in the Gray mine of the United Globe, or Phelps Dodge properties, which are d part of the 4. 'idings of the Old Do- minion company of Maine .oNz the Belt. The latest strike was made in d winze between the 600 foot and TOO foot levels, 1000 feet north of the Gray shaft, where twenty-nine feet of good commercial sulphide was in tersected by crosscut. In fact the ore is a very desirable grade of sul- phide, the whole twenty-nine feet of ore averaging , to 6 per cent. copper, 2 per cent. iron and 40 per cent. sulphur. The same ore body has been opened on the 6O0-foot level and to d less extent on the 700 foot level.
 The business of incorporating new companies under the Arizona law h. 2 fallen off materially during the last year, says the Republican, due partly to the fact that Nevada and New Mexico have both passed liberal in corporation laws with an eye on a part of the business that has hereto fore come to Arizona. Apparently they have been getting some of it
 However, with the return of better financial conditions the business is . again increasing here as is showr by the collection of 3,5I5.5 90 in fees by the auditor during December, the . largest business month since last June. The shrinkage in bushes:
 during 1908, made d difference oi
 nearly S2O, ,OOO in fees for the terri
 tory. The fees collected during l901 totaled S59, 7O6 90, while the fees tor 1908 totalled S39, 769.30.
 Buster Gardiner and Neb McMahan
 two of the best known cowpuncher:
 of the Douglas section, are out witt
 def to Ed Echols and Fred Moore
 the latter manager of the Double l par- ranch fOr a rODinU contest to b(