Weekly journal-miner., 1915-10-06
BIG MINING DEAL
 CONSUMMATED AT WALKER
tFrom Fridays Daily.)

] (From Fridays Daily) | What is probably the largest and most important mining deal closed
 in this county in many years of
 gold group, was that of this week, when the Major Milling and Mining
 Company took over the Shelton hold mgs at Walker from C. C. Stukey
 and brother.
 This transaction is occasioning very much favorable comment in min ing circles and is indicative of new
 era dawning in this field in which de- sirable investments are being made
 on lines of legitimate consideration,
 as well as ref1ecting a situation in
 which conservative and practical op-
 cration will be the keynote of the fu-
 ture.
 Representing the buying company
 in this important deaf were J. F.
 Pe1l, of Newark. N J., and Major \. J. Doran, of Prescott, Arizona. Ne
 gotiations had been pending for some
 time, and it is believed the splendid
 slowing in evidence on the Midnight
 Snap and White House, which were recently revived by Messrs. Pell and
 Doran, proved potent factor in en- larging their limited holdings, and the
 Shelton group was the link to weld and close up the mineral chain. This
 1eal also is noteworthy in another re- spect, as the claims taken over em- brace 12 under a patent title. and in-
 dude certain locations that bear a historical relation to mining in Yav- 2pai dating as far back at the eos. The Eureka in the past few years has reached distinguished rating from
 ts unquestionable heavy and success iul production. It was revived when the Walker field was dormant, and when that section was passing through "black eye" period through il advised theoretical speculation and without semblance of practical re- gard whatever. It was an apprecia- ton of this condition which spurred MT. Stukey into action and with per severance and thorough training in this industry, he made good" the old property, where others had failed. The Eureka is a steady shipper, and since depth has been reached its pro- ducing ability not only is heavy, but has it attained an exceptional rating as bordering on bonanza. A few days before the deal was closed, a three-foot vein was cut in a drift on the 300-foot level that gave assays of $225 to the ton. This fact was but later was substantiated.
 Some of the well known mines taken over are the Fortune, also a producer, the Link. Champion, Short cut, Shelton and American Flag, all located on Assure that parallels the Eureka, and of which the Midnight Snap and White House form a con tinuous mineral system, all having limited development given. This ifs sure is well defined and strong, and s pronounced in it's strike from the north to the south as far away as he Senator, six miles distant. The ley to this mineral vault is believed e be within the sphere of the old Shelton holdings, which go into new md practical hands after so long a leep. Walker owes its existence to- lay to what has been so thoroughly demonstrated on the Eureka, and in consequence half dozen new camps lave sprung up in the past few months to begin deep development. with indications that are attractive or determining more Eurekas. In his deal it is reported the considera- ion was heavy, and substantial cash ayment closed the final turning over i the group to the new owners.