Weekly journal-miner., 1915-09-22

bhAAiEN hAiN SilSlh anu llS CNulDlllClll
 for that purpose until such time as
 operations are resumed by the Pion-
 eer Company. Negotiations to that
 end have been closed with the Pioneer
 management and will have the effect
 of greatly reducing the cost of the
 initial development of the Arizona
 Tom Reed ground; and this at a
 time when every dollar counts with
 the Arizon@-Tom Reed people. That
 is to say, the extension of the mann
 moth Pioneer ledge will be develop
 ed at a depth of 400 feet in Arizona,
 Tom Reed ground through medium
 of the Pioneer shaft and machinery,
 thcFeby eliminating the necessity of
 the Arizona-Tom Reed Company's
 using any of its treasury fund at the
 outset of its development campaign
 for the purchase of mine machinery
 or in payment of shaft sinking.
 The shares of the company are in steady demand locally at 25 cents per share. Arrangements have been made by the brokerage house of O'Meara Wilson & Company of Philadelphia l and Los Angeles, to list the stock at once on the Philadelphia and New York curbs and on the San Francisco and Los Angeles Stock Exchanges. MT. Wilson the junior member of the firm, is placing the stock among a large clientele in the East, and MT. O'Meara is meeting with equal sue l cess in placing the stock among the investors of the Pacific coast. The latter informs me that the stock will be called for the first time on the New York and Philadelphia cgrbs before the close of the current month, and that at about the same time it will have its first call on the Los Angeles and San Francisco exchanges.
 Jerome-Oatman.
 Backed by an ample treasury fund and the advice of men who have made mining successes elsewhere, the man agement of the Jerome-Oatuan Min ing Company has entered upon the development of the rompany's exten- sive acreage adjoining the Neglected group of the Tom Reed Company and the property of the Hercules Company. The main working shaft, recently started, has an approximate depth of 40 feet. At present it is be- ing sunk by hand and by as sIil1ful a crew of miners as ever yielded al double-jack or turned drill. Soon, however, the power drills will be on tho job and the jack hammers be boring their way downward toward the objective-a depth of 400 feet At that depth a station will be cut. a level be established and a crosscut be run to and through the series of paralleling lodges that traverse the acreage. These lodges yield satis- factory assay returns at surface and in general present indications of mak- ing into pay ore at not excessive depth.
 James L. McIver, who with George i Long. developed the United Western estate from a prospect into a bonanza in less than year, has taken over the Green quartz group of four claims from L. E. Armil. McIver has two shifts of miners at work sinking in the ore body at various points for the purpose of determining the best point at which to start the main work ing shaft. As soon as the shaft-site has been selected plant of ma chinefy will be installed and the job os real mining be on in earnest. The vein that is being prospected can be traced on the surface for a length of 4S00 feet. Armil has opened it at various points to a nominal depth and always with satisfactory result in the way of pay ore. Gold values run as high as $1OO per ton. Mo Iver proposes to find out just how and extensive this ledge is at depth and is willing to wager that t will hold up to his expectations.
 The Casey Jones.
 V. s. Rowley and associates, who recently optioned the J. J. Casey group of claims. have turned their option to the Casey-Jones Mining Company, recent incorporation. Mir. 2owley and his associates retain large tock interests in the company and will have control of it's affairs. The Casey group was the scene of gold trike early last spring that caused considerable excitement locally. Spec mems of porphyry ore brought into he camp by Casey at that time howed considerable free gold. De elopment work to date tends to sub tantiste the golden promise held out U y the specimen rock. II It is probable, however, the Casey D laims will prove very large and d aluable low grade ore proposition C ather than one of sensational val