Weekly journal-miner., 1916-10-04
NOW ON THE JOb IN
 YAVAPA|
MINING INDUSTRY HAS IN CREASED TWELVE MIL LIONS IN VALUE IN A SINGLE YEAR.
(By William F De Wolf)

inglc-jack, are on the job in Yavapa county and vicinity. Through thcil agency the county's mining industry has increased Sl2,OO0,OO0 in value in a single year as is shown by the coun- ty assessors figures, and has been placed on a copper-bottomcd, gold bound and silver-rivetcd base. Old Hassayampers, men who have lived in this country since the Burnt Ranch massacre, or before, say there has never been time when mining was so general and prosperous as now; not excepting even the period when the Peck, Nelson, Lincoln. Congress, McCabe, Gladstone, Crown King, Harqua Hala Bonanza, Tiptop, Tus- cumbia and other mines of the past were at the zenith of production and were adding millions of dollars worth of gold and silver bullion to the States precious metal wealth.
 The future possibilities of the Yer de copper belt may be gaugcd by the results that attend operations in the United Verde Extension, Uittlc Daisy), mine The log Of this justly famous copper mine is daily record of one of the most remarkable achiev- mcnts in the annals of mining. Less than two years ago generally dis credited prospect, it is today one of the worlds richest and most remark able mines: rivalling in magnitude its plutocratic neighbor, the great United Verde mine-with a production rec ord of S16OOOO,OOO worth of copper ore and dividend record of S40000,- 000 Within twelvemonth the Unit cd Verde Extension has accumulated a cash reserve of approximately g. 0O0,0O0, has paid dividend of 50 cents per share, has earned its origin al capitalization about two and one half times over, has disclosed a body of ore carrying as high as 50 per cent copper, and is shipping ore having general average Of ? per cent copper.
 Jerome, Hub Of District.
 The United Verde and United Yer de Extension mines are both located in the camp of Jerome, the latter be- ing the hub and center of the most extended campaign of mining work in Arizona. To further foster and ad- vance this work, men prominent in the States mining and financial affairs are preparing 10 build a railroad from Clarkdale-sitc of the United Verde Company's smeltcr-to Mesa. The proposed road will connect a very rich mineral and agricultural country with either the Arizona Eastern, or the proposed Tucson, Phoenix and Tidcwatcr railroad. Clarkdalc has been selected as the northern ter minus of the line and will be connect ed with Jerome by branch line scv- cn miles long Another branch, five miles long, will connect with the pro posed smclter Of the United Verde Extension Company. James Douglas, to whose faith and energy the devcl- opmcnt of the United Verde Extcn- sion bonanza is chiefly due, is prcsi- dent of the proposed new railway The latter, known as the Arizona Ex- tension railroad, is capitalized for S4,OO0OOO.
 A body of carbonate ore carrying as high as 30 per cent copper to the ton, was encountered last week in the southwest crosscut in the Pittsburg- Jerome workings. At this time it has been crosscut a breadth of Is feet without disclosing the footwall. The strike Is one of promising possibili- tics and is not unlikely to place the property in the ranks of the producers of the Jerome field. The road 10 the mine is practically completed, and the recently purchased machinery is on the ground awaiting installation.
 A working agreement is on tapis whereby the Venture Hill and Verde Apex properties will be jointly oper- ated and possibly be merged into a single corporation. The plan for their joint operation is one of the matters which was taken up at the meeting of the Verde Apex people in Phoenix yesterday, The matter of placing a limited amount of Verde Apex stock on the market for development pur- poses was also authorized at that time. The two properties adjoin and are located in the recognized copper ore zone Of the Jerome field. The plan outlined for their joint opera ton includes the sinking of d double compartment shaft and the purchase Of modern plant of machinery, the expense of the same 10 be pro rated