2386

St. Louis & Yavapai Milling and Mining Company Stock (77021)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:75.00 USD Estimated At:150.00 - 250.00 USD
St. Louis & Yavapai Milling and Mining Company Stock  (77021)
SOLD
75.00USDto l*********h+ buyer's premium (18.75)
This item SOLD at 2020 Jun 26 @ 12:29UTC-7 : PDT/MST
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Rare! # 2967 for 500 shares to C Cloud. Signed by AW Taussig and CB Brunham. Dateline Minnetonka, Arizona 1887. Underground mining vignette. Buxton & Skinner printer. Dog ear and rounded corners. Light staining on top right of vignette. Etc. Datelined Minnetonka, Arizona. Minnetonka is a suburb of Minneapolis, Minnesota. It is not listed in Barnes’Arizona Place Names. The Only thing even close in Yavapai is the Minnehaha district and Minnetata mine in the Groom Creek District, as listed by Hamilton. This could easily be a transcription error by the printer. All this aside, the Engineering & Mining Journal reported on Jan 22, 1887 that the St. Louis and Yavapai M&MC shipped “five bars valued at $6500.” In March, the paper report-ed that they would further develop the Mervin (also spelled Merwin) mine, which apparently was near the prior producing property. They had a ten stamp mill which they were hoping in 1887 to increase to 20 stamps. By mid-May, they had raised the money ($30,000) answer de-watering the Tip-Top. They had acquired the old Humbug Mill and were going to move it to the Tip-Top mill site with the new set of 20 stamps. Clearly the company was working a number of mines over a period of several years. Since the Tip Top district is somewhat near the Minnehaha district, we might suggest that the Minnetonka printed reference on the certificate really should have been Minnehaha. [E&MJ, Hodge] Prag Collecltion

Provenance: Ken Prag Collection
Country (if not USA):
State: Arizona
City/County: Minnetonka
Date: 1887