Weekly journal-miner., 1915-08-04
UNITED EASTERN STOCK
 TO BE LISTED ON CURB
(By William P. DeWolf.l

(By William F. DeWot.)
 OATMAN, July 31.-Several i'm portant facts regarding the affairs o the United Eastern Mining Company have crystalized the current weel amid the battledore and shuttlecocl of rumor, conjecture and surmisC which for more than two month; have concerned themselves with tho financial and development plans o this we'll known corporation. The fact of paramount importance is that the brokerage house of Hayden Stone & Company of Boston and New York, has purchased outright 2 large block of United Eastern shares and will list the stock on the Boston and New York curbs.
 The foregoing does not mean that this prominent eastern brokerage firm has bought the control of the United Eastern, or that 1t is to have representation on the board of di, rectors. 1 can state anthoritatively that the control of the United East ern-and a sizable control, too-re- mains in the hands of Messrs Long, McIver, Keith and Mudd 1 am also authorized to state there will be no change in the personnel of the di- rectorate by reason of the purchase of block of Eastern shares by Hay len, Stone & Company.
 'Time of First Call
 The date United Eastern will be called for the first time on the Bos-
 on and New York curbs is proble- matical, but it will not be called for several months, and possibly not un- il the United Eastern mill is near ng completion. In the meantime Hayden, Stone & Company will ap- prise its clients by market report and letter of the proht-making opportuni- y attaching to the purchase of Unit ed Eastern shares.
 The fact that the listing of United Eastern stock is to be deferred in stead of hastened, disposes effectually Of the rumor that Hayden, Stone & Company was to sell the shares for he purpose of financing the United Eastern Company's mill As mat ter of fact, the funds for that purpose were in bank and the building plans the hands of the draughtsmen sev- ,ral weeks before the eastern brok- >rage firm entered into negotiations with the United Eastern directorate. The funds secured through Hayden, Stone & Company's purchase will be lsed for mine development and for he purchase of mine machinery.
 Effect of Deal.
 . Tho rt,,,11t1a five effect ar, tba min ng industry of the Tom Reed Gold Road District of the purchase of block of United Eastern stock by Hayden, Stone & Company and the isting of the same on the Boston and New York curgs can hardly be over .stimated. Backed by the prestige pf this substantial firm, the United Eastern will immediately gain the -ecognition 1t so well merits in the financial centers of the United States. Through mediums of the firms com orehensive publicity bureau, with its multiplicity of market reports and correspondence by letter with clients, he demonstrated worth of the Unit d Eastern mine will be forcefully ,alled to the attention of investors in Ill sections of the country.
 Such a campaign, directed by so prominent a brokerage house, will perforce stimulate interest in the min ng industry of this district as a whole; and that interest will be fos- cred and increased by the calling of United Eastern shares on the eastern :urbs. The listing of United Eastern will serve to call the attention of the investing public to other meritorious mining companies here and to in :rease the demand for their shares.
 Worthy of Support.
 No mining district in the West is vorthier Of financial recognition than 5 this. nor is there one where the l for profitable investment $ better. And yet with two mines an average of $165000 | worth of gold bullion per month, an, other with nearly $2,00000O worth of ore in sight, and approximately fifty undergoing development, | he Tom Reed-Gold Road Mining | District is comparatively unknown beyond the boundaries of Arizona; save by mining men whose business { IS to know something about the ore-yielding possibilities of every promising mining district
 As the stocks of this camp, with a ;ignle exception. are not listed, the great majority of the investing pub ic neither knows of nor is interested | n them. There will, however, be an 'ntire reversal of form now that the United Eastern bonanza is to be call d to the attention of investors. That the foregoing statement is cor -ect is evidenced by the success which has attended the listing of Big i'm shares on the Los Angeles Stock Exchange
 Quick Transformation.
 Less than year ago the United Eastern was a prospect. Today it Is l mine in all that term implies In Ill probability it will soon be the greatest high grade milling ore prop ,sition in the West. Ore has been opened in the workings from a depth of 300 feet to depth of 565 feet and s continuous from a depth of 200 eet, the point last mentioned being he depth at which the apex of an ,re shoot was encountered. On the -60 and 565-foot levels the ore is 40