Weekly journal-miner., 1916-03-29
MINING MEN AND BROKERS
 BUYING LITTLE DAISY
(From Thursdays Daily.)

a producer. attracts the attention of
 the stockbuying public in the East,
 and locally as well, until it becomes 1 in few short weeks the most talked 1 of. and the leading stock On the curb 1 in New York. and the exposure of all eyes at home. that mine has attained a prominence which must have for its ! justification something of unusual at | traction as foundation.
 That particular mine. at the pres ent date, is the Little Daisy, and the i United Verde Extension Mining Com pany has drawn a prize which is not
 equalled in the copper mining busi- ness oftener than oncc a decade, and never surpassed in real potentialities. ! An increase of nearly 100 per cent in actual receipts for it's products dur ing 1915 over those of 1914 will serve . to explain in some measure the sud ! Gen and emphatic impression the Little Daisy has made upon that DOT ton of the public interested in min | ing. The wonderful values found ir | the lower levels of the new mine in
 immense quantities, and the belief | which has arisen therefrom that thest ore bodies equal in value those of the
 United Verde; and the new ore body
 in a position approximately paralle'
 to the latter's big ore body whicl
 reaches at points a width of GOO fec and has an ascertained length of 2O0I
 feet, is more than enough to justify
 the present favor with which United l Verde Extension stock is looked upon.
 ! The Little Daisy's future possibili
 ties as a dividend producer as indi
 cated by fundamental points to its ad
 vantages evident in the opening up his property form an alluring pic
 ture: so alluring that professional
 market men are among the warmes | bidders for the stock in the East; ant i George Graham Rice is quoted as au
 .hority for the statement that som : f the most reliable investment house; cn Wall street and tEe best informed
 mining men in the country are tn
 largest buyers of the stock now il ! Inc market. Such pronounced ap
 Dreciation has always behind it som very definite reasons, and these car readily be understood by glance , .he present situation and the futur prospects it indicates; of these. talk ! ing into consideration that at tn
 present rate of production. which i estimated will reach 100000 pound [ this year, at an estimated averag' price of 9 cents for copper, earning of S252 per snare on the one millio1
 shares outstanding. are estimated fo he current year; about l6 per cen
 of the present selling price of tn
 stock. As the Little Daisy has onl
 just entered on its existence as pro ..ucer and as it is commonly consid | cred that five or six years are re 1uired for mine to reach poin'
 where its maximum production ca
 DC maintained this property has al -cady risen past any possible estimat
 mich would naturally have beer
 made for its production one year ago
 The high quality of its copper ore
 maintained in such large quantities means a low cost of production com pared to the value of the output ani from this standpoint it is doubtful it's history on this score up to tn present time has ever been equallet n a copper mine, at the same cores bonding period in its development, which in other terms means very rare earning rate for miEe in sucl {; short period of production.
 The dividends paid this year to tn; folders of copper stocks have quad rupled those paid the year previous and in many cases the earnings ar from two to four times the dividend disbursements.
 One source of confidence placed i, local mining enterprises is the fac mat local mining men who posses accurate knowledge of mining condi tions in the vicinity and whose names hgure in the business world of tn, West as carrying weight and stability are the most prominent projectors oi recent mining movements in this sec tion, creating a supply of business which fulflls the requirements Of SC curity and prospective advancements which appeal to the general buying public. Jerome is peculiarly fortu rate in this respect, and by display ing the confidence of home people in the district is laying foundation which augurs well for the future de Tclopment of the local field.
 It is said the values of copper stocks. while i1 general considerably higher than for some time previous. are still selling far below their real values as indicated by their present earning capacities. Unless some em- phatic and special demand for certain stocks has arisen, as in the case O. the United Verde Extension Com pany's stock, the upward trend of the price of copper stocks has not nearly ..t Al.