Bisbee daily review., 1916-05-21
MUCH CAPITAL
 COMING TO YAVAPAI
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prominent manufacturer or leather goods at Reading, Pa.
 So far as outlined the development plans of the Jerome Victor Extension management provide for working the property on an extended scale. With that object in view the old main working shaft, located about 1000 feet from the accompaniment main shaft of the United Verde company, is to be unwatered immediately so the com pany's engineers can make a thor ough examination of the ore bodies and plan the lateral work which is to supplement that done to depth of 1900 feet by the former owners prior to 1914, when operations ceased ow- ing 10 the lack of funds. The compa- ny begins its campaign of mining activity with development fund Of s200,000, with an efficient plant of machinery and under mineral condi- tions indicative of mining success. The last mentioned statement is pred icated on the location of the compa- ny's claims in relation to producing mines, the trend of adjacent deposits of high grade copper ore. recent sen sational ore discoveries in the United Verde Extension mine-nearby-an the decision of the United Verde Ex- tension company to install hoisting machinery having lifting capacity from depth of 5000 feet.
 Tip Top Company
 The future of the famous old Tip Top mine, one of the silver bonanzas of a former decade. rests with the Tip Top Consolidated Mining Company. a recent incorporation that has the hacking of Prescott and Phoenix cap ital. The company is capitalized for S375.000 and has ore in sight to val ue in excess of $1.00o. 900. The off cers and directors of the company are well known Arizona mining and busi ness men, They are C. w. Davis. president and treasurer; A. r Mutar, ice-president; F. L. HawOrth, secre- tary. The other directors are w. w. Elliott and D. F. Nelson. Shares of he company are meeting with ready sale al. B cents under an increasing demand that has as its basis the en- hancing value of the large bodies of silver and tungsten bearing ore ex- posed in tunnel workings to depth If 500 feet. On and above the 900 foot level there are 10000 tons of ore in the stopes having a gross value of s470. 900, and 1000 tons of ore in place having, a gross value of $66,000. On the dump there are 10000 tons of ore having gross value of S430,000. The foregoing values were established by mill determinations on ton lots. Be low the 200-foot level the workings are at present inaccessible as they are filled with water
 During the 1S75-S5 decade Hagen, Head & Hearst, operating under a lease and bond, mined s4,00e, ,000 worth Of high grade silver ore in the Tip Top mine. No ore having a value less than s400 par ton could be han dled at profit then owing to made quate transportation facilities and an entire lack of railroad accommoda ions. Hundreds of tons of S20O and s300 ore was left standing ill the workings to later be mined at a pro- fit by leasers. Disseminated through out the lower grade ore, passed up as improbable by early day operators, are streaks of wolframite ore in large tonnage. From the dumps and work ngs 64 tons of wolframite ore were removed and treated atihe small mill ing and concentrating plant erected by the management for testing purpos es. These tests yielded 6S0 12 pounds of SO per cent tungsten concentrates, which at present prices have a value of about s2.50 per pound. From the foregoing it will be gathered that the Tip Top mine holds profit yielding possibilities of moment in its tungs- ten bearing ores as well as in those which are silver bearing.
 'Tuscumbia Company
 Plans are practically completed for listing the shares of the Tuscumbia Mining X Milling Company of Arizona on the San Francisco Stock Ex- change. The company was incorpor- ated in March 1916, under the laws of Arizona in the amount of one million shares of a par value of one dollar, each. The corporation is headed by .oNai anu iItH Ol means and ability and is based upon the Tuscumda mine. which has a pro luction record of S1,0O0,O0O worth of high grade silver ore that was mined in near-surface workings. The ore is Identical in appearance and value to he rich silver ores the Tonopah district of Nevada. and. like those of Toncpah. occurs in the lode porphry Development work is in charge of James H. Sullivan. formerly a suc- cessful lease operator at Tonopah. Sullivan recently opened an ore shoot of dimensions at depth of 400 feet which carries an average of 4.6 per cent copper and 115 ounces in silver to the ton. It was upon the strength of this showing that San Francisco inning men entered into negotiations for the purchase of a large block Of treasury shares. These men are ar ranging to list Tuscumbia stock on ihe San San Francisco exchange.
 Arrangements are likewise under way for the sale of large block of the treasury shares of the Boston & Jerome Copper company to San Francisco syndicate IL is understood the stock is to be listed on the stock .., .l -.. Al.