Weekly journal-miner., 1916-06-21
(By William P. De Wolf)


 the mines in Yavapai county are working at capacity. The output ol base metal and bullion-copper, tung- sten, lead. zinc. gold and silver-is heavier than ever before. The output of ore is likewise greater than here tofore, and is steadily increasing as new ore bodies are opened and old mines for some time dormant are added to the list of active properties. The livening up of the county's min ing industry is of recent origin. Not withstanding the fact. however. its en- ergizing is general and IS accompanied by increasing prosperity in all lines Of endeavor. There has been no period when investors were so thtroughly in terested in and capital was so gener- ally available for the development of the mines here as now; and there has been no time when results were so thoroughly in keeping with the outlay of money, time and energy as now.
 Local Capital Invested.
 Local capital is responding to the development demands of the county's mines quite as generously as is capi- tai from outside points. The condi- ton is both commendable and note worthy. as it demonstrates the conf dence the local people have in their mines and their willingness to back their confidence with their dollars. Neither they. nor people from abroad are, however. investing their money in chimerical get-rich-quick mining schemes. such as have in past years
 .-, dustrv as whole. In fact, there are no fly-by-night propositions of that character in Arizona. The Arizona corporation commission is inimical to them and they cannot gain foothold here. As a result of the activities of the commission. the mining industry of this county and State is being fos- tered along clean and progressive lines to the honor and advantage Of honest mining effort.
 Have Local Backing.
 Among the mining propositions O. this county which have of late recciv- ed generous backing are the Loma Prieta Mines Company. the Boston X Jerome Copper Company, the Tiptop Consolidated Mining Company. the Tuscumbia Mining & Milling Com pany. the Schuber Copper Company. the Golden Dragon Mining & Milling Company. the Bradshaw Development Company. the Jerome Victor Exten- sion Copper Company and the Ven ture Hill Mining Company. The last mentioned. although not of recent in corporation. is Of late reorganization at the hands of Prescott and Jerome mining and business men. most ot whom have been holders of Venture Hill shares for a considerable period. These people have provided an initial development fund Of SlS,000, and have pledged an additional Sl200O for the same purpose payable in four months The company owns six patented claims in the highly enriched United Verde copper belt at Jerome. At a meeting of the stockholders to be held at that camp on June 10th. ar engagements will be made to resume mining operations.
 Is Popular Locally.
 The property Of the Venture Hill Company was first worked about IA years ago At that time, however. the price of copper was nominal; in terest in copper issues was apathetic with the result that the company, af- ter varied financial vicissitudes, was forced to suspend mining operations. At the present, more suspicious time, however. operations are to be resum- ed under the supervision of q com potent mining engineer. The hold ings adjoin those of the Verde Apex, Verde Consolidated and Hull Coppc; companies. and are adjacent to the estates of the United Verde and Unit ei Verde Extension companies. By reason Of their proximity to the prop critics mentioned. the Venture Hill holdings are viewed favorably by in vestors, and the company's shares arc popular here.
 Scope of Development.
 Development work to date con sists of a tunnel and a number O. shafts of varying depth. many Of which yield pay values at the present price range of copper. The main copper-bearing dike lies about 100 feet ahead of the present face of the tunnel. which has a length of 400 feet The tunnel will cross-cut this dike al depth of AGO feet. \ winze will be sunk. at the intersection to determine the average grade of the ore below that point Where sampled above, the dike yields pay values across a wide area
 United Verde Dividends.
 Monthly dividend disbursements Of 75 cents per share continue to feature mining operations of the United Yer de Company. The corporation start cd the current year by posting two dividends of 75 cents each in January, since which time dividends have been paid monthly at the rate mentioned. Former United States Senator w. A. Clark. owner of approximately 291, 1,0OO shares of United Verde. derives an income from dividends approXimat- ing S222.750 per month. or S2,673,OOU per annum. The advance in the price of silver has of late been an important factor in the earnings Of the United Verde Company. The ore tonnage mined last year yielded 90200 ounces of silver for which the company re