Weekly journal-miner., 1916-05-31

on the l,4U5-foot level, where d single ore body that averages 20 per cent copper is being developed. So far as opened this ore body is l2O feet by POO feet in size with neither wall in sight. A raise of 65 feet fails to dis close its upper limits. The United Verde Extension is one of a number of very valuable copper properties III Yavapai county and elsewhere in Ari' zona that is controlled by James 5. Douglas and associates. A number of noted copper experts recently ex- amined the mine and expressed the opinion that it offers all the ore yield ing potentialities possessed by the great United Verde mine, whose daily output is 5000 tons of copper ore.
 Everybody Is Busy.
 The remarkable success attaching to mining operations in the United Verde Extension mine is reflected by general speeding up of development work throughout the Jerome field, and more especially on properties adjoin- ing or adjacent to the United Verde Extension. The stock issues of the companies concerned have advanced appreciably in price and are yet ad- vancing. The market for these shares, at first somewhat circumscribcd, has broadened of late and now extends fl om coast to coast A noted instance is the success which attended the f. nancing of the Green Monster Min ing Company.
 Public Bought Heavily.
 A few weeks ago the Green Mon ster directorate offered 100000 shares of stock to the public at 75 cents per share, in blocks of not less than 1000 shares. Within three days the issue was several times oversubscribed by buyers in California, Arizona and oth- CT sections of the Southwest, not to mention the avalanche of orders re ceived from Middle West and East ern points. The advance in the price Of Green Monster shares was as spec tacular as was the avidity with which the general public sought to get in on the initial offering. The company $ property adjoins the Copper Chief, the latter being a valuable estate ad- joining the United Verde Extension. The preliminary work incidenl to de velopment of the Green Monster property at depth is well advanced.
 Meeting With Success.
 Another copper property in Yava- pal county that is being financed with pronounced success is that owned by the Loma Prieta Mines Company in the Copper Basin district. The stock of this company, placed originally at 25 cents per share, Is now selling at S1 per share. Reorganization of the company was recently perfected and the treasury holdings increased to 6G0,000 shares. An allotment Of l00,- coo shares is now meeting with d ready sale at Arizona, California, Texas, Middle West, Southwest and Eastern points.
 Heavy Sulphide Ore.
 John Livezey, formerly a well known operator of mines in Leadville and other Colorado camps, is general manager of the Loma Prieta and is devoting his undivided attention to it's development. The company's prop erty adjoins the Commercial mine. which is outputting an average of S5 tons Of copper ore daily, and carries the main sulphide ore channel of the Copper Basin district The Lorna Prieta shaft is being deepcncd to the 2O0-foot point, and is in high grade chalcopyrite ore from the S5-foa point 10 its present depth of ,25 feet. Which is to say it is in solid body of ore for depth of 40 feet.