Weekly journal-miner., 1915-08-25
OATMAN STOCKS
 BEING LISTED ON CURES
(Bv William P. DeWolf)


 trict during the past ten days. The strikes in question are maintaining their earlier promise under the test of development and are demonstrat- ing the presence of pay ore in ship ping tonnage at points remote from each other. The mining deals referr ed to arc well advanced and include in their notifications the listing of the shares of local mining enterprises on the New York, Boston, Philadelphia and Chicago Curbs.
 Following closely the announce ment that Hayden, Stone & Company of Boston and New York, had pur chased a large allotment of the Unit ed Eastern Mining Company's shares and that the well known brokerage firm will list the stock on the Bos- ton and New York curbs, came the announcement that the brokerage house of O'Meara, Wilson & Com pany of Philadelphia and Los An geles, has agreed to finance the Ari- zona-Tom Reed Gold Mines Com pany and that the shares are soon 10 be listed on the New York and Philadelphia curbs. This week comes the further announcement that the Chicago brokerage firm of E. McNeil & Company has purchased 100000 shares of Oatman Mining & Milling Company stock and will list the same on the Chicago curb.
 The carrying out of these plans will give the stocks of this district recognition on the three largest curbs on the Atlantic seaboard. on the busi est curb in the Middlewest and on the Los Angeles Stock Exchange-the shares of the Big Jim Company hay ing been listed on the last mentioned exchange some weeks ago.
 ArizonaTom Reed
 The holdings of the Arizona-Tom Reed Gold Mines Company, a recent incorporation, are located in the north end of the camp adjoining the we'll known Pioneer Consolidated mine, | where there is an ore tonnage in sight l having an estimated value of $400,000 l The company's Trio claim has pro | duction record of several thousand l dollars worth of high grade ore min ed from the shallow depths of 50 feet during the early days of the camp. On the company's Lilah claim an ore shoot has been opened for length of 200 feet. It varies in breadth from two to four feet and for the depth at tained carries average values the equal of any in the camp.
 The vein and the ore shoots of the Pioneer Consolidated Mine that have been developed north of the shaft to within few feet of the end line, trend through the Trio claim. A. surface and nominal depth this ore body carries rich stringers of adularia that show considerable free gold Values range well into the hundreds of dollars per ton and are in places so concentrated that prospcctors have made better than wages mort airing out the gold.
 The Working Plan.
 Arrangements are being made with Carl F. Schadcr and the other owners Of the Pioneer Consolidated mine to work the property of the Arizona Tom Reed Company through medium Of the Pioneer shaft, the intention being to extend the drift on the 200 foot level of the Pioneer into Ari- zona-Tom Reed ground. The carry ing out of this plan would obviate the necessity of installing mine ma chinery and the considerable expense attaching thereto, as under these con ditions the powerful plant of the Pioneer Company would be utilized for development purposes.
 A feature of additional importance is that the vein of pay milling ore exposed in the Pioneer workings al the depth before mentioned could then be followed into Arizona-Tom Reed ground without recourse to shaft sinking, the establishing of levels and the driving of crosscuts, each of which is an expensive item i'll mine development
 Oatnan M & M. Go.
 Development of the strike made last week at a depth of $ feet in the shaft of the Oatman Mining and Mill ing Company is demonstrating it to be all that was claimed at the time the vein dipped in from the northeast at an angle of 85 degrees As the shaft is deepened the ore body is widening and is carrying a heavier gold content. Tanning of the screen ings yield a generous string of colors and the ore samples pay milling in its entirety.
 The management Of the Ivanhoe Consolidated Company is making