Bisbee daily review., 1916-06-11
YAVAPAI SEES WON-
 DERFuL ACTIVITY
Continued From Page one)


 investors and the company's shares are popular here.
 Scope of Development.
 Development work to date consists of tunnel and a number of shafts of varying depth, many of which yield pay values at the present price range of copper. The main experiencing dike lies about 100 feet ahead of the present face of the tunnel, which has a length of 400 feet. The tunnel will crosscut this dike at depth of 400 feet A winZe will be sunk at the intersection to determine the aver age grade of the ore below that point. Where sampled above, the dike yields pay values across wide area.
 United Verde Dividends.
 Monthly dividend disbursements of 75 cents per share continue to feature mining operations of the United Verde Company. The corporation started the current year by posting two divl- dends of 75 cents each in January. since which time dividends have been paid monthly at the rate mentioned. Former United States Senator w. A. Clark, owner of approximately 297 900 shares of United. Verde, derives an in- come from dividends approximating $222.750 per month, or S2.673,000 per annum. The advance in the price of silver has of late been an important factor in the earnings of the United Verde Company. The ore tonnage mined last year yielded 9O2,OO0 ounces of silver for which the company re- ceived an average of 50.607 cents per ounce This famous mine, first worked as silver-gold ploperty. has now reached the capacity of it's now shelter at Clarkdale, which is to say the mine is now outputting about 5000 Cons of copper ore daily
 Shaping up Mine.
 Superintendent George W. Salisbury of the Jerome Victor Extension Cop per Company, has about completed unwatering the mine workings, and concurerntly with the news @ that effect, the demand for the company's shares increased locally. Salisbury has not as yet definitely determined just what he will do in the way of development work. but so far as his plans have taken shape they contem- plate the lowering of the present shaft from depth of 1925 feet to an approximate depth of 1700 feet Sal isbury is well acquainted with the ore depositions at Jerome, having -ormerly been a member of the en- gineering staff of the United Verde Company. His connection with the Jerome Victor Extension may be viewed as a company asset as he brings to the development of the estate the knowledge of ore occur. rencies and the practical experience gained underground in the United Verde.
 Shafts Contiguous.
 The United Verde shaft is located within 1000 feet Of the Jerome Vic tor Extension shaft, and it is reported that the ore body on the 1500-level of the first mentioned has been stopped to the Victor Extension boundary line 1t is also stated that the Victor Ex. tension shaft was carrying stringers of 6 per cent copper ore on the lower levels at the time the former owner Haynes Copper Company-was forced lO CiOSt tuc NllilC ON HE LO d ldCh Ol funds. One of the first acts of Super. intendent Salisbury will be to deter. mine the truth of these reports.
 Arkansas 6 Arizona Deal.
 It is reported here that the some time pending deal has been closed for the passing of the control of the Arkansas and Arizona Copper Compa- ny to the Goodrich Lockhart people of New York City, and that the latter have taken possession of the mine holdings and books. The deal, as ratified. provides for the payment to the GCodrich-Lockhart people of 1000. 900 shares of Arkansas and Arizona for the properties of the Movies Cop per company, and a years option on 100000 additional shares at 25 cents per share. Reports from Jerome are to the effect that development work | is Immediately to be resumed on the A. & A. holdings, and that the people of the camp are of the opinion that resumption of operations will be at tended by mining success. The peo pie of Jerome will have an important bearing on the future development oi Jerome Victor Extension ground, as the properties practically adjoin.