Arizona republican., 1909-02-06
REMARKABLE .
 STOCK SALE. Seventy Thousand Shares of
 ArizOna-BouSe to. SNAPPED UP IN THREE HOURS Local Confidence Set the Pace--Bouse to Have a Methodist Churc h-Th e Recent Wedding--T O W n Improvements.
SNAPPED UP IN THREE HOURS

Bouse, Ariz., Feb. 3.-(Special Cor respondence of The Republican)-The Arizona Bouse Copper company, the new corporation organized to take over the Little Bouse property here consisting of the Little Butte claim and seven other claims acquired by J. F. Meyers and George w. Bishop of Los Angeles a couple of weeks ago, is the newest company operating in this district but it is destined to be- come a valuable property. J c. Den ton, who is manager for the property at Bouse and who made the sale to Meyrs and Bishop for the original owners, Bouse and McMahan. and who holds a large block of stock in the new company, received word on Saturday that the stock was on the market and in less than three hours sold 10000 shares at Bouse. Thirty two thousand shares were sold to the miners working at the mine and twenty thousand shares to Bouse and McMahan. the original owners, the balance being taken by citizens of Bouse.
 The company is organized for g., O00,000 capitalization, shares s1 each, and they were put on sale at ten cents per share, payable one-fourth cash on issuance of stock and one fourth every thirty days for three months. This sale might be consid cred remarkable and certainly shows the confidence which the home people have in the property. It is seldom large stock company is able to make such a sale of stock at home but ev- eryone in Bouse is well acquainted with the Little Butte and firmly be- lieve it will be one of the great prop critics of Arizona. Probably the best indication of the value of the proper ty is the large amount of stock sub scribed for by the miners working in the shaft, who ought to know the richness of the ore in which they are working.
 While the working shaft on the Little Butte is only down fifty feet, following the dip of the ore with short drifts on the fifty foot level, yet it is a shipping property and already something like twelve cars of ore have been shipped which run, ac- cording to the smelter receipts s10 in gold per ton and fifteen to eighteen per cent copper. The outcropping on this property shows a vein of ore eight feet wide and the shaft was sunk on the ore which has widened out with depth and is getting richer. Indications point to sulphide ore even before water level is reached. as much of the ore from the lowest workings shows considerable peacock copper. The ore is very rich in iron running along about forty-five per cent iron with scarcely no silicate.
 The large sale of stock at Bouse has created considerable excitement and many visiting mining men in the camp are taking on much extra en- thusiasm over the possibilities of the Bouse district While Bouse Is only q small place yet there is consider able money in the community and inasmuch as everyone who originally invested in the properties which made up the Clara Consolidated NGold and Copper Mining company has made money on that stock they are not afraid to invest in the stock of pro- perties in this district. The sale of the Little Butte two weeks ago for s45,OOO has been widely advertised and has brought many mining men to Bouse to look the property over. It is understood that the Arizona Bouse Copper stock also sold well in Los Angeles and other places which fixes the present value of the pro- perty at s2OO,OOO, that is if all of the two million shares were sold out. It is expected at Bouse that this proper ty will be the cause of many other properties being taken hold Of and developed.
 Development work on the Little Bouse will be pushed as fast as pos sible and already a force of men IS working lowering the shaft and run