El Paso herald. (El Paso, Tex.) 1901-1931, 1916-04-22
JEROME s BOOM
ATTRACTS MANY
Mines Are Adding Hun
dreds Of Men; Prospec-
tors Throng Streets.

Jerome Ariz., April 22.-Witb no
tion-wide rush on for shares in Jerome
mining companies, with one smelfer in
creasine, its output to 5000. 900 mounds
Of conner a month and another bip- re-
duction plant in prospect, with the
largest proved body Of high grade CON
per ore in the world and important new
: strikes being made almost daiIv
Jerome is enjoying the biggest health
lest boom in her history
| Today jerome and it's twin CITY.
| C1arkdale, are almost as much excited
] as was Oatman in the early DAYS of
i the boom in the big MOhave county
| gold camp Every train that reaches
! the two places is loaded with mining
engineers, investors and miners. II is
= almost impossible to get a room at the
hotels Lodging house keepers are
filling every available inch of sDace
with cots; three and four strangers
; sleep together in room.
Mines are Adding TO Forces.
| JerOme's population is approximate
| ~ $500. That this will be doubled be-
I fore the end OF the summer appear
almost certain. The United Verde Con
per company alone is to employ 500
additional men. The United Verde
| Extension company is steadily adding
| to its present force, which is now 1870
men. The Green Monster. Jerome
Verde, Calumet & Jerome. North
Verde, Arkansas & Arizona. Grand Is
land, Shea, and a dozen other proper
ties are soon to enter the active list
Crowds throng the streets of Jerome
far into the night, eagerly discussing
the newest developments in the var
ious mines, the next company to be
floated, the fluctuations of the stock
market.
This boom really began late in 1915.
when the United Verde Extension
company of which James S Douglas is
president and general manager sank
&c shaft
1t had previously opened splendid ore
at 1900 feet, but the stock was still
selling at 81 a share and under until
the 1400-fOot point was reached. and
it became known that the mine had
one Of the most phenomenal ore bodies
i'm the world. Now IL is known that
the L. V. Extension has the biggest
body or nigh grade copper ore yet
discovered, and the stock is above S25.
This rise has made millionaires out Of
Douglas and anumber Of other persons
who bought shares when they were
low.
Just how wide the ore body is on
the 1400-foot level has not been de-
termined. The principals of the COM
pany decline to give out any definite
information as TO just what width has
that there is one 60-foot streak of
carbonate that averages 40 per cent
copper. and the general average of the
body is 20 per cent.
Markets SJ0O.0OO: Cost 500, 900.
In March the U. v. Extension COM
pany marketed 100000 worth of ore
at a cost Of not more than $4,000. It's
April production will be in excess of
this value, with only a corresponding
increase in expenses. Daily shipments
to the Copper Queen smelter, at Doug
las. now average 200 tons of 20 per
cent ore
This production will be materially
increased when a compressor. with n
faaH nsafH q To- IA
Il has been ordered and the machinery
viii be on the ground in few days.
At present the main shaft is equipped
only with two small compressors.
AS soon as the new compressor is In
operation Wine will be started 1000
feet south Of the shaft and sunk to
the 1600-fcot level.
The top OF a hill near the shaft is
being graded as a site for a residence
that Mr.. Douglas Is to build there. It
is a splendid site, overlooking the
lovely Verde valley
site for Shelter Bought.
It is reported on the best OF au-
thority that the U. V. Extension COM
pany has bought the L. l. Young apple
ranch, a mile north OF Clarkdale. as
a site for its smelter The location is
an ideal one as there is plenty Of
water and it is right by the Verde
valley railroad. Clarkdale, the town
where the United Verde smelter is 10
Gated, is seven miles from Jerome.
Although it is not being operated
nearly to its full capacity. the United
Verde smelter is now treating $500
tons Of ore a day. All but $50 tons Of
this ore comes from the United Verde
mine Fifty tons of siliciOus ore is
received daily from the Commercial
mine. in Copper basin, near Prescott,
and 100 tons, also SiliciOus, comes
from the Ludlow mine.
The daily output Of copper from this
tonnage is a little over 100000 pounds.
The EmpIfnr'g UnnnfhIW urndmnfior, 4
over 5000, 600 pounds
In September this will be increased
to 100000 and in November to $780,
O00
This viii not be accomplished by
the smelter, for it is already ,
equipped 10 handle a much greater
but by increasing the ore
production Of the United Verde mine.
A crushing and screening plant is be-
ing constructed at the mouth Of the
tunnel which enters the mine on the
leOO-foot level, and will be completed !
in June Its primary purpose is to !
the .reverberatory furnaces, but prac- |
-ically all the ore mined will pass |
through the crushers.
Much of the increased ore produc-
shaft. which is sunk 500 feet from the |
loCO-foOt tunnel level. This shaft is |
he deepest working in the mine. |
though diamond drill holes have .
proved lue existence OF pay ore to a /
depth of 1000 feet. Arrangements /
nave just been made to have it con- I
,reted from collar to bottom. When /
his is done an electric hoist. with
aDacity Of 5000 feet, viii be installed. |
new electric hoist has been ordered /
o replace the old one at No. 4 shaft
United Verde Working 1900 men.
The United Verde now has 1900 men
m its Payroll which averages $4,000
month.
The first new company to be or
sanized after the boom set In was the |
ireen Monster Neill Bailey. superin-
endent Of the United Verde & Pacific
abroad, is president Of this com
amy, and most of the other officers
re men who have reached high posi-
ions H. railrOading or mining They |
rgantzed their company with 1900
90 shares. having a par value of SO
eEts. One-third Of the stock was is
ued to the owners Of the property
included in the combination. and 100
90 shares were placed on the market
{ 10 cents.
No advertising was done and little
ublicity given the venture but nv
pril I, the date on which it had been
nnornced that the books would close,
he stock was Oversubscribed LOO. 900
hares.