Weekly journal-miner., 1916-06-21
MAY TAKE OVER THREE COPPER
 PROPERTIES
JEROME VERDE, UNITED VERDE AND THE LITTLE DAISY TO BE UNDER ONE HEAD, REPORT.
(From Sundays daily.)

| united verde Extension and Jerome
 Verde with the Anaconda Copper
 Company taking over the combined
 properties, s being discussed as a possibility in financial circles in New
 York. The sensational jump in the
 price of Little Daisy during the past
 week, may or may not be attributed
 to this rumo-, but the fact that 1t is
 going the rounds and will not down.
 is beyond dispute. The story is pub lished in the last issue of the New
 York Industrial and Mining Age. and
 is here reproduced for what it is
 worth:
 United Verde Extension shares kept
 foregoing steadily ahead on the New
 York curb during the week. Under
 turnover oi 5000 shares, the stock
 reached a high of S277s and had a final at S271z. a gain of $ for the
 week.
 It may be mere coincidence. but
 it looks as ii the possibilities of l merger which had been mentioned in
 these columns previously were well | founded. It will be recalled that
 short time ago William B. Daly. sup
 erintendent of the Anaconda Copper
 Company's mines, and his assistant. Chauncey L. Berrien. visited the United Verde Extension. This week according to the Jerome correspond
 ent Of the Industrial and Mining Age. Senator Clark nostentatiously visit
 ed the camp accompanied by Horace
 Wincheil, the expert geologist. who
 was formerly chief of the Anacond& Copper Company staff and who is still said to be retained by the com
 pany in consulting capacity. In
 company with Senator Clark's man ager. they inspected the underground
 workings Of the United Verde Ex- tension. All parties were silent as to the object of their visit.
 Can it be possible that an even big
 Der merger than the one previously mentioned IS in the air? Senator Clark has sold to the Anaconda com pany holdings which were just as valuable as his United Verde. Can it be that Anaconia contemplates taking over the United Verde and the United Verde Extension2 Sure ly such an acquisition by the Ana conda company is feasible, as it could easily finance such deal. In fact. there are only one or two other in terests that could negotiate such a gigantic acquisition. There is no doubt that If Senator Clark were of fered his price he would part with his United Verde, and likewise the in tercsts that own the United Verde | Extension might be approached on the same basis. A merger of Jerome | holdings similar to that of the Butte | holdings of the Anaconia Copper Company will undoubtedly be the logical outcome of conditions some day; so why not now'
 One of the largest stockholders of the United Verde Extension. when by a representative of tnc Industrial and Mining Age dur ing the week. stated that President Douglas will arrive in New York dur ing the latter part of the present month. at which time the matter of dividends will be taken up. The will probably be held on or about July l, and the stock will then be placed on a dividend basis. The initial declaration will be at the rate of from 50 cents to 62H cents quar terly, or from g to $2.5O per share per annum.
 The same authority, when asked about developments at the United Verde Extension, stated that the ore body that is now being developed was struck about two years ago, and f has taken all of this time to place he mine on its present producing oasis. It was pointed out that the -eason for the failure of the United Verde Extension to make good in the i ,arly part oi its career was the lack |, 'f funds for development purposes. ( Money was available only in small mounts from time to time. so that 10 systematic development. such as $ being done by the present manage C nent. could he undertaken. |
 In this connection it was pointed : put that d former member oi John Hays Hammond's engineering staff vas asked to examine the property when the present management frs. v ook cnargc. This engineer, after d areful examination. condemned the r property Nothing daunted, the man .gement called in two of Arizona | Aua pf fhar,,r com