Bisbee daily review., 1916-09-17
U. Y. CONSOLIDATED
 WINS HIGH MARK IN
 GAINING MARKET
New Property Grabbed Up by Clarkdale and Jerome Peo- pie in Hurry-Wins Glow ing Reports.
Special to The Review.


 JEROME, Sept. 16.-All records fol financing an Arizona mining company are believed to have been broken. In less than three weeks from the time that a syndicate of Clarksdale and Jerome citizens decided upon the or ganization of the United Verde Con solidated Copper Company, it's success is assured. at least from a financial standpoint, nearly all of the 100000 shares of reorganization stock offer ed at 10 cents have been sold, and so many inquiries have been received from the big Eastern brokers, who want to underwrite blocks of treasury stock when it goes on the market at 75 cents, that it is apparent that the issue will be oversubscribed. Only half a million shares of treasury stock are to be offered.
 Already subscribers to pre-organiza- tion shares are asking when the pool will be broken. It is not to be broken, of course. until all the treasury shares offered are taken, until the financing of the company is an established fact' The subscribers have been informed, however. that they will be allowed to sell pool stock through the company at the ruling prices of treasury shares.
 George A. Bethune, an eminent min- ing engineer and smelter man who claims San Francisco as his home but is widely known in every mining dls- trict of North America, is examining the Mahurin and United Verde Junior groups. which are owned by the United Verde Consolidated, and in few days will look over another promising prop erty near the famous Big Ledge mine, which the United Verde Consolidated will take over if he makes favorable report.
 In line with Bethune's advice, the United Verde Consolidated people are to use diamond drills in exploring the Mahurin and United Verde Junior. Bethune has told them that the quick est way to prove their mines Is to put down a few diamond drill holes so they are now negotiating with several drilling outfits. They had tentatively planned to churn drill the Mahurin property which looks like an immense deposit of low grade copper-gold ore, and to continue a system of tunnels started by the former management of the United Verde Junior. |
 The principal tunnel on the United Verde Junior is into the mountain $50 feet. It is 1900 feet away from the main ledge, which it would have cut at a depth of more than 1000 feet had it been driven straight ahead. Beth une plans to start the diamond drill right in the face of the tunnel and point the hole slightly downward, thus gaining greater depth.
 Mining experts say that there is lit tie doubt of the United Verde Junior being a mine. They point to the great iron-capped ledge more than 100 feet wide, which cuts squarely across the property, and that wherever there is an iron-capping in the Verde Dis | trict there is ore below.
 The United Verde, U. V. Extension | and Copper Chief, the three big de | veloped mines of the district, are all capped with iron. So is the Calumet and Jerome. only short distance from the Junior, where 1000 foot three compartment shaft is to be put down immediately. On the strength | of that iron capping, Boston capital ists have advanced half million dol lars for the development of the Calu- met. Consolidated will take over, if Bethune makes a favorable report, is owned by George Human and includes ten claims. Human has shipped sev- eral carloads of high grade copper gold-silver ore with three propositions | like the Mahurin, United Verde Jun for and Human groups, so the organiz- i CTS of the United Verde Consolidated | do not see how they can lose. They | feel that one of the properties are bound to make good.