Arizona state miner., 1925-07-25

week mas SHOWN COnS1Q0raDl0 aCt1VlCy,
the price of the metal crossing the
14-cent mark for the first time in the
last three months. The price of the
metal as quoted 14B cents, is in di-
ret reflection of the increased domes-
tic and foreign sales which have TAX
en- place recently.
Probably the most earnest plea for
the rights of the prospector and miner
ever delivered during the sub-cOmmit-
tees Investigations was made by Ho-
val A. Smith of Bisbee during the
hearing in Douglas. Mr.. Smith was
the official spokesman of the mining
committee of the Bisbee Chamber of
Commerce and spoke for two hours
on the subject.
Mr.. Smith charged that the interior
department officials hindered the OBJ
tanning of titles to mineral grounds
to such an extent that American min
ing engineers and investors were be-
ing driven from the United States to
Mexico, and other foreign countries,
and even as far as Siberia. He ex-
pressed an opinion that it seemed that
the interior department did every
thing other than to encourage mining
development in the southwest
Silver Raises in Price.-Every pen
ny advance in the price per ounce for
silver means greater profits for hun
dreds of mining properties in western
America, at Cobalt in Canada, and in
South America and Mexico. During
the past week the price of the white
metal has shown renewed strength
! and is now selling around 70 cents
per ounce.
New Director For Big Jim.-Wiliiam
J. Loring, former president of the
American Mining Congress and one of
the leading mining authorities in this
country, has become director in the
Big Jim Mines, Inc, it has just been
announced by A. G. Keating president
of the company. Loring and his as
sociates have purchased substantial
interest in the company and will take
an active part in the management.
The Big Jim mine is located in the
Harshaw district, so miles below
Tucson.
Valuation of Mines Increased for
! 1o25-The total assessed valuation
of the producing mines Of the state
| for 1925 taxation purposes shows an
increase of $45,4 over their total
! valuation in 1924, according to re-
port issued by the state tax commits
| sion.
| The report shows that the total val
| uation placed on the property of the
mines for 1925 is $195, 1853, as COM
pared to total valuation of $195, ,161,-
669 for the previous year.
World consumption of the red metal
was about billion pounds and this
year will exceed that by over half
billion more. A raise in copper is
anticipated.
l.. E. Hewins of Phoenix and Wal
ter Palmer are reported to have four
feet of good ore showing at 20 feet
in their Pixies Peak claim in the
I Southern Bradshaw mountains 18
miles north of Beardsley.
The Ely Butte mines of the Ari-
zona Copper and Silver Mining Com
pany are to be sold at Sheriffs Sale
in Phoenix on August 3rd as the re-
suit of an attachment issued out of
the Superior Court on July 7th.
J. D. Bouners has filed his aff1da-
Wit of $1,000 worth of work On the
Paradise Gold Mines which include
IL claims in Paradise Mining Dist
rict north of Phoenix.
L. E. Spear filed on July 10th his
affidavit of $500 worth of work on
his Wonder claims in the Vulture
Mining District south of Wickenburg.
Don w. Steele has completed his
annual assessment work on the Gift
mining claim and Millsite in Cave
Creek Mining District.
A group life insurance policy, COW
ering the lives of the employees of
the Magma Copper Company, and
amounting. to almost $1,000,000 in in
surance has just been taken by the
mining conern with the Equitable
Life Insurance Society of New York.
The Black Bear Consolidated Min
ing Company, with 100000 cubic
yards of gravel proven up averaging
! SLAP in gold to the yard, is getting
ready for heavy hydraulic operations,
In the development of company hold
ings, located in the famous Dutch
Flat section of Nevada county, it is
stated 13 nuggets have been found
valued at about $3.50 each, and it is
anticipated much coarse gold will be
caught in the rifles of the sIuice