Bisbee daily review., 1916-05-28
Production of Red Metal in Northern County is Now Assuming Enormous Pro- portions.
MANY PROPERTIES RESUME OPERATIONS High Price of Metal Has Also
 Afforded a Wonderful Op-
 portunity for the Financing
 of Many Companies.
By William ?. De Wolf.

PRESCOTT. Ariz.. May Chopper mining in Yavapai county. for a mum OCT of years past the most important branch of the local mining industry. has of late assumed unprecedented proportions but as to output of copper ore and number of operating proper ties. This satisfactory condition is reflection of the copper market. where sales of the metal are being booked at the high rates that have prevailed for sometime past, and under conditions of demand which indicate an advance in price. The concensus of opinion a. mong the copper factors is that the copper market is now in such an i'm pregnable position that sentimental influences cannot effect il. Supple menting the large purchases of cop per by the warning governments of Europe comes announcement of the United States Army and Navy De partments that stocks of munitions are to be materially increased; which means that the various government arsenals as we'll as private contrac- tors will shortly be in the market for copper. thereby giving additional i'm petus to the already enormous de mand.
 The conditions cited bespeak ad- ditional prosperity for Yavapai's cop per mining industry and a broader market and higher prices for the cop per issues. The long sustained pres ent price level of copper has resulted in the resumption of work al proper ties long idle and quickening of the copper mining industry in all sections i'm, haC hAsar followed by an awakened interest in and demand for Iavapai county cop per stocks in general In fact. there has never before been so wide and general demand for the latter. San Francisco. for instance. where here tofore mining stock transactions were confined to the gold and silver issues of California and Nevada. recently for the first time gave official ecognition to 9 copper issue by calling the stock of the Boston X Jerome Copper com pany on the floor of its exchange. The stock is in demand al around 90 cents per share. is an active trader and IS an active trader and is growing rapid ly in popularity. The compsnys pro perty adioins holdings of the famoos United Verde company at Jerome. Is to be aEgressively developed and has promising showing of ore. Mining operations are in sbeyance pending the installation of new and more powerful plant of machinery
 Jerome-victor Ex.
 Representative copper and banking interests of the Lake Superior Copper district are directing the affairs Of the Jerome Victor Extension Copper Com pany. owner of the Haynes group Of claims adjoining holdings of the Unit ed Verde company on the south. The mine equipment is being renovated preparatory to unwatering the shaft i POO feet deep-and resuming lateral work in the ore bodies. No work had until recently been done on the pro perty since the early part Of lSlf. when the former owner-H Haynes Cop per company-ceased operations ow- ing to a lack of funds. Jerome Victor Extension shares are to be listed on the Boston and New York Curbs with view to aording the subscribers 10 the initial allotment of 00000 shares an active market for their stock. This allotment has oversubscrihed within few hours at it's par value of sl per share by New York. Boston and Calu- met. Mich. copper interests. In lace of the demands at the points mention ed the management reserved an ailot- ment of ,O00 shares for distribution in Prescott, Jerome and elsewhere in Yavapai county the demand for the stock is on the increase locally and is based upon the location of the pre- perty and the mining ability of the men back of the company.
 The most spectacular as well as the most important happening attaching Of late to the copper mining industry or Yavapai county is the record of estab- lished hy the United Verde Extension Mining company. better known in this section as the Little Daisy. whose holdings adjoin the United Verde mine Senator Clark's bonanza in the Jerome field. The shares of the United Verde
 Continued on Page S)