Bisbee daily review., 1916-07-16
UNWATERING OF
 SHAFT GOING ON
(Continued from page one.)

Continued from page one.)
 needless to add that the present man. agement will take advantage of this recent remarkable disclosure in the Verde Extension workings.
 A contract has been let for sinking the main working shaft on the c. B. S., property an additional 100 feet. The acreage is located in the Copper Basin district, where are also located the Commercial mine-shiDping 100 tons of copper oxides daily-the Lo- uia Prieta-showing 70 feet of chalco- pyrite in it's shaft-the Schuber Cop per, the Copper Hill, and the McNul- ty & Mcbride holdings, all of which appear to be in line for production af- ter the necessary amount of develop ment has been done. Copper Basin is directly tributary to Prescott and is considered to be the most promising copper ore section in Yavapai county, aside from the famous Verde district. R. M. Martin, owner of the C. B. S., is said to have one of the best copper ore showings in the Basin, and this opinion has been strengthened by dis closures in the old workings which were recently cleaned out and placed ! in working order
 Block Out Large Tonnage
 Six hundred thousand tons of ore are blocked out on the 1400-foot level of the United Verde Extension mine. A careful sampling of this large ton mage shows that it averages 16 per cent copper to the ton. It has been developed by about 2000 feet of later al work and by two upraises of 100 , feet each. A winZe is being sunk near : the center of this ore body. the ob- l jective being a depth of 200 feet. The management has in view the sinking I of a new double-compartment shaft to be used exclusively for hoisting ore. | Upon completion of this shaft and of | the winze before referred to. the shaft on the company's Edith claim will be t sunk to the sulphide ore area.
 ! Approximately 1000 tons of ore car rying ali average of 20 per cent cop per is being shipped to smelter each month from the Verde Extension | property. The net profits therefrom 1 for several months past have been about S350,00O per month. The com I SS272. and has due it from ore ship i ments approximately s1.000,00O, mak- | ing a grand total of S1,793,SS2.72. De spite this large reserve. it has been i decided to accumulate an even larger ! surplus for the purpose of developing ! the mine and building a shelter for the reduction of the companys ores. Quarterly dividends of 50 cents per share, will. however, not be affected
 by this decision.
 Hull Copper Deal
 : Save for minor details the deal is practically closed whereby c. w. Hull transfers his mining holdings in the Verde district to the Clark interests.
 One million dollars is said to be the amount involved, and in consideration therefor Hull turns over his individu al holdings and likewise his controll- ing interests in the Hull Copper, Con solidated King. Columbia and Cleopa- tra Mining companies. Deeds have all ready been issued transferring Hulrs individual holdings to the Clarks, and the passing to them of his controlling interests in the companies mentioned
 is said to be assured In fact it is probable the deal will have been closed before these dispatches are in type.
 It is not, however, so certain that the United Verde Copper company, as such, will take over a controlling in- terest in the Hull corporations as soon as the pending litigation is settled, reports to the contrary notwithstand- ing From apparent! authentic sourc- es of information it is ascertained that Charles w Clark. son of former United States Senator w. A. Clark. owner of the United Verde mine, will soon take over the Hull shares. as trustee. He will then become the con trolling stockholder and will replace Hull in the pending litigation. When matters are finally adjudicated by the courts. the Hull Copper. Columbia, Cleopatra and Consolidated King will be re-fnanced independently of the
 United Verde company. Ultimately. however, the properties will doubtless