Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1915-09-19

the ore body is widening and is pre-
senting stronger indications of per
mauency
Arizona-Tom Reed.
Plans for the development of the
estate Of the Arizona-Tom Reed com
pany have been formulated by George
+. Mosor superintendent, and Within
short time will be in operation. As
the acreage adioins that of the Pion-
eer Consolidated company and the
latter's main shaft is so situated as
to be available for the development
OF the former, it is the intention to
utilize the shalt and its equipment for
that purpose until such time as opera
tons are resumed by the Pioneer COM
pany Negotiations to that end have
been closed with the Pioneer manage
ment and will have the effect Of great
ly reducing the cost of the initial de-
velopment of the Arizona-Tom Reed
ground; and this at a time when every
dollar counts with the Arizona-Tom
Reed people That is to say, the ex-
tension of the mammoth Pioneer ledge
viii be developed at a depth of 400
feet in Arizona-Tom Reed ground
through medium of the Pioneer shaft
and machinery, thereby 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 purchases Of mine
machinery or in payment Of shaft
sinking
The shares of the company are i'm
steady demand locally at 25 cents per
share. Arrangements have been made
by the brokerage house of O'Meara,
Wilson & company Of Philadelphia
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.
Mr. Wilson. the junior member of the
firm is placing the stock among a
large clientele i'm the East, and Mr.
O'Meara is meeting with equal SUI
cess in placing the stock among the
Investors of the Pacific Coast The
.
be called for the first time on the
New York and Philadelphia Curbs be
! fore the close of the current month
and that at about the same time il
will have it's first call on the Los An
geles 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-Oatman Min
ing company has entered upon the de
/ yelopment of the company's extensive
acreage adjoining the Neglected grouI
of the Tom Reed company and the
F.. property OF the Hercules company
The main working. shaft recently
started has an approximate depth o.
40 feet At present it is being sunl
by hand and as skilliul q crew of min
erH as ever welded a double-jack OF
turned a drill soon, however. tn,
power drills win be on the job anC
the jack hammers be boring their way
downward toward the objective,
depth Of 400 feet AT that depth ,
station viii be cut "a level be estab
lished and a crosscut be run 10 anC
through the series of paranell'
lodges yield satisfactory assay return
at surface and in general present in
! dicauons of making into pay ore a
not excessive depth
James l.. Mclyer, who with Georgt
I Long. developed the United Easter
estate from a prospect into a bonanzi
in less than O year. has taken owe
the Green Quartz group of four claim
from L. r. ArmI Mclver has tw'
shifts of miners az work sinking il
the ore body at various points fo
the purpose of determining the hes
point at which to start the mail
working shaft. AS soon as the shaft
site has been selected a plant of ma
chinery viii be installed and the iol
of real mining be on in earnest TIL
vein that is being prospected can b,
traced on the surface for length o
$500 feet. Armil has opened il a
various points to a nominal depth an'
always with satisfactory results il
the way of pay ore. Gold values run
as high as $4,000 per ton. Mclvel