Weekly journal-miner., 1915-05-26
OPTIONS GIVEN ON
 NUMBER OF MINES
(By William P. peWolf.l

(By William P. DeWolf.)
 OATMAN, May 22.-A feature of the mining and building activity, which is general throughout the Tom Reed-Gsld Road District, is the optioning or purchase of late of a large number of valuable mining properties. In the aggregate these purchases and prospective purchases ! have a value approximating half a million dollars, representing capital from as far east as New York and as fa- west as San Francisco and Los Angeles.
 Miners and mine buyers from all sections of the country are Hooking to the camp and the concenSus of their opinion is that the local mines and prospects afford the most favor able opportunity for profitable invest ment that has been presented since Cripple Creek and the camps of Southern Nevada began adding their generous quota of creature to the gold output of the United States.
 The auto stages from Needles, To pock and Kingman-the points of dcbarkation from the railroad-ar- rive daily well freighted with pass cngers, and are supplemented at in tervals by the arrival of auto trucks and freight teams loaded with mine machinery and merchandise in gen cral Throughout the day and the earlier hours of evening the main street of the camp is at times so crowded with vehicles of divers sorts, interspersed with long strings Of mule teams, it would tax the Skillful ingenuity of traffic policeman to untanglc the various units and keep them on the move. In the absence of traffic regulations and a traffic cop | the scene Is often one of confusion, interlarded with much picturesque profanity.
 Preparing For Future. "One more strike in any section Of |. the Tom Reed Gold Road district will be followed by an influx of capital and population such as attached to the carly days of Cripple Creek and Gold ield," sad J. O. A. Carper, prom inent mining man of Colorado, who has recently made extensive pur-I chases of mine acreage here, in sum ming up the prevailing conditions in their bearing upon the future. MT. CaTper's opinion is shared by the great majority of mining men whc have visited this camp within the last few months; and they, like he, have lent emphasis to that opinion by the weight of their dollars. Which is to say, their money is doing most of the talking.
 In anticipation of the growing needs of the district, buildings are being hastened to completion at Oat- man and at Old Trails-the latter be- ing the new camp recently establish ed on the broad and level stretch in the neighborhood of the Boundary Cone, that massive uplift of gold bearing rock across whose conical top passes the thirty-hfth parallel Prominent among the buildings be- ing erected at Oatman are a large store for the mercantile firm of Low ill and Withers; an equally large store for the Arizona Stores Com pany, and two-story office and store structure for NJ. Force
 At Old Trails numbe- of houses and stores have been erected and they are soon to be supplemented by several concrete buildings. Among | the latter the most prctentious will be the concrete block hotel contract ed for by Denton and Hamlin; the townsite building to be erected for Rodley and Blakesley, and the office building to be erected fo- the Lex ington Arizona Mining Company
 Rosters of Transfers.
 The deal of greatest magnitude in local mining circles was closed the current week when the directoratcs of the Pioneer Consolidated Mines company, for the stockholders, divid- cd the company's BPS acres of patent cd ground into four groups and au- the transfer of the Pioneer group to a syndicate of Colorado cap italists headed by Whitney Newton of Denver. This transfer calls 10. the payment of several hundreds of thousands of dollars in installmcnts. Carl F. Schadcr, A. R. Marquis, R. c. Tryson and George F. Moser. prominent California mining men, nave foT more than a decade been heavily interested ill the Pioneer They yet retain their in eTests in the Minneapolis, Snowfall md Harold groups of the parent or ,anization. Howard Bancroft, the