Bisbee daily review., 1915-08-01
Sale of Big Block of United East ern Stock to New York BrOk- CTS Does Not Mean Surren- der.
.DESTlNlES OF MINE IN
 SAME GOOD HANDS
Stock Will Be Listed Eventually on CurbS and Treasury Can Meet Expenses Without New Issue.
By William P De Wolf

OATMAN. Ariz, July 3l- Several Important facts regarding the affairs of the United Eastern Mining com pany have crystalhEed the current week amid the battledore and shuttle cock of rumor, conjecture and sur mise which for more than two months
 have concerned themselves with the
 financial and development plans of the lcorporation, the most important beirg
 that the brokerage house of Hayden Stone & company of Boston and New
 York. has purchased outright a large
 block of Eastern shares and will list the stock on the Boston and New York tourbs The foregoing does moi mean that the big eastern firm has bought tthe control of the United Eastern. or that it Is to have representation on the board of directors. l can state authoritatively that the control of the l United Eastern-and sizable control Itoo-remains In the hands of Messrs Long, McIver Keith and Mudd l am also authorized to state there will be no change in the personnel Of the di- rectorate by reason of the purchase
 of Eastern shares by Hayden, Stone
 X company
 The date United Eastern will be called for the first time on the Boston and New York curbs is problematical. but it will not be called for several
 months, and possibly not until the United Eastern mill is nearing compile ! tion The fact that the listing of the stock is 10 beferred instead of hasten ed. dispOses enectually of the rumor that Hayden, Stone & company was
 to dispose of the shares for the pur- pose of financing the Eastern's mill
 As a matter of fact, the funds for that purpose were in bank and the building plans in the hands of the draughtsmen several weeks before the eastern
 brokerage firm entered into negota-
 tions with the United Eastern direc- ltorate
 The cumulative effect on the mining industry of the Tom Reed-Gold Road | District of the Hayden, Stone & Com lpany purchase and the listing of Unit
 ed Eastern shares on the Boston and i New York curbs can hardly be over estimated Backed by the prestige of | this substantial firm, the United Eats en will immediately gain the recog- milton it SO well merits in the financial Icenters of the United States Through
 medium of the firms comprehensive ladvertising bureau, with its multiplic- Iity of market reports and its cores Ipondence by letter with clients, the demonstrated worth of the United 1 Eastern mine will be forcefully called
 to the attention of investors in all sections of the country. Such a cam Ipaign. backed by the standing of SO prominent a brokerage house, will per force stimulate interest in the mining industry of this district as a whole; and that interest will be fostered and
 increased by the calling of United Eastern shares on the Eastern curbs
 No mining district in the West is worthier of financial recognition than l is this, nor is there one where the op- portunity for profitable investment is | better With two mines outputting
 an average of S163000 worth of gold
 bullion per month, another with nearly
 g., 900 900 worth of ore in sight, and
 in the neighborhOod of fifty properties
 undergoing development, the Tom
 Reed-Gold Road Mining District is
 scarcely known beyond the boundaries
 of Arizona, save by mining men whose
 business it is Co know something
 about the ore-yielding possibilities of
 every promising mining district As
 the stocks of this district with a
 single exception, are not listed, tho
 great majority of the investing public
 Continued on Page Two)