Bisbee daily review., 1916-07-02
George Long And Jack Me- Iver, With Another Of Un- ited Eastern Directorate Buy Block Of Tip Top
FIRST OATMAN CAPITAL
 TO COME INTO SECTION
Surface Improvements Of Un ited Verde Extension Are Practically Completed. 9th CT Parts Of County Fine
By William p. De Wolf.

By William P. De Wolf PRESCOTT. Ariz.. July l.-Durins the siX-month period which has elapsed since Old Man Time threw the year 1915 into the discard of yes terdays. called for a new deal and sat into the mining game here with q pat hand, there has been something doing every minute and every hand has been played with the cards face lip on the table. Which is the Has sHvamDan's way of saying that ths mining industry of Yavapai county. is prosperins. that capital for the ad- vancement is available in increasing amounts. and that it is being develop e1 along conservative lines and Nith that iusi regard for the interests If investors which is SO essential 10 per manent success.
 Oatman Men Invest
 George w Long and James L. Me Iver the men who developed the United Eastern mine at Oatman into s15.000.O00 bonanza. together with w. K Ridenour. member of the United Eastern directorate. are turn ing their attention to mining proper ties in Navapsi county. lt is sail with view to extensive investments. Their first venture outside of the Oai man field was made the last week in June. when they took over a large block of stock of the Tiptop CoEsOli- dated Mining Company whose hold ings are located in the southern part of Yavapai county in the vicinity of the Asua Fria river.
 Terms of Agreement.
 Under the terms of the agreement entered into with the Tiptop direc- tOrate mining operations are at once to begin on an extensive scale with view tO getting out a large tonnag~ of the tungstersilver ores which have been opened to a denth of 500 feet. To that and the main working shaft is immediately 10 be unwStered below the 4OO-foot or tunnel level All ores mined are to he treated in the companys mill. The high-srsde tungsten and silver concentrates viii then he shipped to Pittsburgh. Pa.
 Verde Extension Improvements.
 The surface improvements at the property of the United Verde Exten sion Company tLittle Dsisyl. are practically completed new com pressor has been installed. change room with shower baths has been erected. and a blacksmith shop. ear nenter shop and warehouse buil-. The lower workings carry 50 feet of carbonate ore that averages 70 per cent copper and POS feet Of ore. in cluding the carbonate. that aver ages 2O per cent copper.
 Ranks With Best Mines.
 About six months ago the shares nf the United Verde Extension Company were quoted around the s6 mark. Within that brief period the prize has ranged as high as ss5 and has ruled strong at from S25 to SEQ Also. within that time. the cOmDany's prop erty at Jerome has been developed to a stage which gives it rating as one of the great copper mines of jss 
 Will Post Dividend.
 A meeting of the Verde ENt-asien directorate is to be held early in July st which a dividend will be declared There is considerable conjecture 3S -o the amount of the contemplated dividend disbursement and all sorts of rumors concerning it are current ocally Information obtained from -eliable source indicates that the ini fial dividend will he 5o cents per share and that it will be followed by .egular quarterly dividends of hkr mount. CT total annual distributor ,f S2 per share.
 United Verde in Epiteme.
 The United Verde mine at JcrOae.
 (Continued on rsse 2