Weekly journal-miner., 1916-05-17

Yavapai county mining properties are being financed with local and out side capital in amounts commensur- ate with the development work plan ned, and are making good under the impetus of increased mining effort. The extent to which the local public is backing Yavapai county mines and prospects is one of the most gratify- ing phases of the mining situation here as it demonstrates in no uncer- tain manner the faith the people of the county have ill the future of the county's mining industry. Late April and early May recorded the incor- porating of number of mining com panies with holding in Yavapai coun- ty and witnessed the financing of sev- eral valuable mining properties in which local capital is heavily inter ested.
 Page of the Roster
 Prominent among the incorpora- tions in which Prescott and other Yavapai county money is invested arc the Loma Prieta Mines Company, and the Schuber Copper Company own ing valuable copper claims in the Cop per Basin district; the Jerome Vic tor Extension Copper Company, headed by Michigan men and owning the Haynes group in the Verde dis trict; the Tiptop Consolidated Min ing Company, owning the famous Tiptop silver-tungsten mine in the Tiptop district; the Tuscumbia Min ing & Milling Company of Arizona, owning the Tuscumbia bonanza sil- yer mine in the Bradshaw mountains district; the Green Monster Mining Company, owning valuable copper claims in the Verde district, and the Boston & Jerome Copper Company, whose valuable holdings are also To- cated in the Verde district.
 Loma Prieta Company
 Mining operations in Copper Basin have to date resulted in the opening oi one shipping mine-the Conner cial-and in demonstrating that its neighbor-the Loma Prieta-is mine in the making. The latter is owned by the Loma Prieta Mines Company. a corporation which has the backing or local capital and is headed by To- cal mining and business men of means and rcpute. Shares were placed To- cally at 25 cents a few weeks ago. Since then the company's directorate has been reorganized and the com pany's treasury financed. As result of this Loma Prieta shares are in demand and sought at an advance over the subscription price.
 Personnel of Directorate
 The officers and directors of the company are: T. c. Norris. presi- dent; John Livezey, vice-president and general manager; O. A. Hesla, sec retary treasurer. The personnel of the directorate includes the before mentioned gentlemen and R. H. Bur mister, John B. Livezey, and F. ]. Mitchell, all of this city, and B. V. Woodward of Chicago, western rep resentative of F. Schuemacker & Company of New York City.
 Center of Interest
 Interest in the mining industry at Copper Basin is centered in the de velopment work underway or planned for the Commercial, Loma Prieta, Copper Hill, Schubcr, and McNulty & Mcbride properties. One hundred tons of s per cent copper ore goes forward daily from the Commercial mine to the Clarkdale shelter. The Commercial lies 10 the north and west Of the Loma Prieta, the orc being for the most part a copper oxide carry ing a small silver-gold content. The main workings are located on an i'm mense blowout of copper oxides Near the north side line Of the Rob Roy claim of the Loma Prieta estate the Commercial management has however, entered what appears to be permanent deposit of copper sul' philes.
 Proof of Permanency
 Under the personal supervision oi John Livezey. formerly successful operator of mines at Leadville and other Colorado points. the highly en riched body of chalcopyrite ore dis closed in the Loma Prieta snaft is tc be opened at depth. This valuable deposit is thought to be the main orC body from whence Copper Basin ana the surrounding territory received enrichment. and may be accepted a: positive proof of the permanency O the Copper Basin district and of tn, investment worth of the property oI which ii is located
 Large Ore Body
 Chalcopyrite ore was first cncount cred in the Loma Prieta shaft at {; depth oi S5 feet. Al depth of 10, feet the bottom and sides of th' shaft are filled with ore. Betweel the S5-foot and l05-ioot points cross