Weekly journal-miner., 1916-06-07
SOMETHING DOING IN JEROME
 VERDE STOCK
BUYING OF SHARES BY PEOPLE WHO KNOW" SIGNIFIES IMPORTANT MOVEMENT PENDING.
(From New York Industrial and
 Mining Age).

Mining Age).
 Jerome Verde shares were active on the New York curb throughout the week. selling up to S2.50, with fna, at S2.12H. There were rumors of a possible consolidation of the Jerome Verde with the United Verde Exten- sion, but officials of the latter com rany deny that such consolidation is even remotely possible.
 The Industrial and Mining Age has received advices from its Jerome, Ariz.. special representative that sul- phide orc assaying 31z per cent cop per has been struck in a drift run from the 1,400-foot level of the Unit cd Verde Extension mine over into Jerome Verde ground. The extent oi the ore body has not been determined. It may be a great deposit like that of the United Verde Extension or a lense such as the Jerome Verde peo- pie developed in some of their upper workings.
 The strike was made by the United Verde Extension, which has a con tract to do a certain amount of de velopment work in Jerome Verde ground each month.
 The foregoing is not only confirm ed but elaborated by another cores pondent of the Industrial and Mining Age in Jerome, who is a mining en- gineer of standing. He states that the United Verde Extension has been doing some prospecting on the l.40O7 foot level. near the north end of its property, and that it extended a drift up to the end line and cut a l5-fooI icdgc of low-gradc ore near the line. This correspondent says that the Jc- rome Verde company has started work enlarging its present shaft to three compartments. This shaft Is down 700 feet, and will be sunk 300 feet. deeper, which will give it depth of 1000 feet. corresponding to the I.4OOfcot level of the Little Daisy shaft of the United Verde Extension
 Undoubtedly the rumors of mine
  founded, as the stock is being pur- chased by interests who undoubtedly know whats what" The fact that James s. Douglas, the controlling fac tor in the United Verde Extension is so kecnly interested is certainly 2 factor that cannot be overlooked Were the property located anywher, else than adjoining the United Verde Extension, and. in fact, interlacing it his interest in 1t would not arouse SC much suspicion. as probably no one in the entire Jerome camp, not ever the Clark interests. know the geology or trend Of the orc bodies better thar AIr. Douglas. On the other hand, why was the original option allowed to escape: Can it be possible that despite the fact that the development: in United Verde Extension disclosed the most sensational copper ore body developed in the history of the West it was thought better option could be secured on the Jerome Verde hold ings? This hardly seems possible yet stranger financial transactions than this have been put through in the last. In view of the development on the Verde Extension. this wouli appear preposterous, as usually tho discovery of orc in an adjoining prop erty enhances the value of its neigh bors, although mine development may often prove that all adjoining proper ty. despite its close proximity, is alb solutely worthless.
 The mystery surrounding the Jc- rome Verde developments, coupled with tine buying of the stock which goes on unabatcd. leads to the con clusion that events of the greatest i'm portance are shaping themselves When the United Verde Extension first encountered orc on the ,2O0-foot level, there were many who doubted that 1t was more than mere pocket In fact, there were many who were outspoken and declared 1t wouli not go down to depth. However, later developments dispclled all these illu sions. and the Verde Extension is now very much in the limclight. The outcome of the Jerome Verde devel opment will be awaited with the keen est interest by the investing and spcculating public. An official con frmation or denial of the possibilities of merger by the Jerome manage ment would clear the entire situation Meanwhile. the speculative possibili- ties of the issue are being exploited to the fullest extent.
 Tine Jerome Verde Copper Com pany has an authorized capitalization of $5.0O0O00. divided into shares of 3 par value of $l, of which it is now officially stated 4,950,000 are issued