Show ARIZONA G S holmes of salt lake has increased his already extensive holdings in the chloride section by the purchase of the home pastime and golden star groups located close to his keystone nime work will be started on the ground at once it is announced an important deal was consummated in salt lake this month when john F cowan and associates of that city took over the tucson copper group located near tucson asher cowan has been placed in charge of the property and it is stated that it will prove a producer from the start A letter received by J E russell of prescott states that engineers engineer 6 win leave england on december ath to superintend the construction of the proposed smelter at that place the contract with the city of prescott for the use of a portion of the city farm as a smelter site was signed on october the united verde consolidated company is preparing to start the first diamond drill hole on its united verde junior claims located a mile and a half south of jerome it will probably be put down on a large iron stained quartz blowout and consulting engineer george A bethune predicts that the drill will penetrate a body of ore rivaling anything in the district an official of the arizona empire copper mines company parker states that a new 1000 foot shaft will be started at the property immediately the company will also endeavor to block out enough ore reserve to demonstrate to the santa fe railroad officials that it can produce tons a day which would justify the construction of a branch fro from parker to the mine james H is superintendent the statement of the magma copper company for the third quarter of operations at its property at superior shows copper produced 2159 pounds cost cents average selling price 2455 cents operating profit this compares with the preceding quarter as follows copper produced pounds cost 1047 cents selling price 2416 cents profit the report is signed by W H aldridge president of the company |