Bisbee daily review., 1916-12-10
United Verde Extension Suf- fers Through Inability to Get Cars in Which to Ship Its Ore to Shelters.
NOVEMBER EARNINGS
 APPROXIMATE $500, 900
Negotiations Said to Be Re- opened for the Lease or Purchase of the Swansea
 Shelter in Western Arizona

JEROME. Dec. 9.-But for the short age of freight cars the United Verde Extension would be earning one mil lion dollars a month. net.
 As it is. the November earnings of the richest copper mine in the world were a paltry ssOO.OOO. The company won't be able to make its extra Christ mas dividend more than s1 share It has 1.050.000 shares outstanding and has paid two quarterly dividends of 50 cents.
 According to the last quarterly statement of the United Verde Exten- sion it had been earning at the rate of S60O.600 a month. After the state ment was issued the production was increased materially. For long time during early November the daily ship ments were eight and nine carloads of 25 percent ore.
 In the last two weeks, however. the car shortage has affected the '. V. Extension severely. Often no cars are spotted" for the Extension till l O. clock in the afternoon. Some days the total shipments are only three or four carloads.
 Since the ear shortage began to be felt the Extension force has dwindled by 20 and it is now a little less than 200 men. When a man quits DO one is employed in his place.
 Last months shipments contained 4.OOO,O0O pounds of copper. As the average copper content was around 25 percent, this means that 5000 tons of ore were shipped. All went to the two Douglas smelters and to Hum- boldt No more shipments are being made to the Old Dominion plant at Globe.
 The present monthly output of the United Verde IS about 5.000.000 pounds of copper. The Verde district therefore. is contributing each month g. .00O. 900 pounds to the worlds supply of red metal
 Without materially increasing it's force the Extension could increase it's production to 5.OOO.0O0 pound and earn a round million. Only the car shortage prevents.
 There is every reason to believe that the Extension will not only be able to increase its production soon. perhaps even beyond the 5.000.000- mark. but will be able to smelt it's own ore.
 IL has been generally supposed that the Extension company will be at the 'Nercy of the smelters and the rail roads until its contemplated smelter. n the Verde valley below Cottonwood ran be completed. To build that plant will require no less than two years of time from the time construction is commenced-and the plans are not even complete.
 Recently. however. President James s. Douglas oDened negotiations to ease the smelter at Swansea. Arizona which has been idle for several years. At slight expense the Swansea plant 'an be put in shape to treat 1000 tons If ore day.
 Two weeks ago the deal had practi- ally fallen through. Now it is under stood on the best authority that nego- tiations have been renewed with bright prospects of success.
 If the Extension succeeds in leas- ng the Swansea smelter it's smeltins problems will not only he solved but t will no longer he affected by the 'a- sNo-tage.
 Involved in the Geal for the snelter g the 97-mile railroad from Rouse. on .he Arizona & California railroad. to Swansea Tn fsct it is understood the Extension could have had the smelter
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