El Paso herald. (El Paso, Tex.) 1901-1931, 1916-06-10
YAVAPAI MINES
AND MILLS PAY
Output of Ore and Bullion
Greater Than County
Has Ever Known.
BY WILLIAM p. DE WOLF.

Z WILLIAM +. DE WOLF
Prescott. Ariz-. June IO.-Au Of the
mills and a majority Of the mines in
( Yavauai county are working at ca
pacitv. The output OF base metal and
bulIion-copper. tungsten. lead. zinc
gold and siIver-is heavier than ever
before The output of ore is likewise
greater than heretofore. and is steadily,
increasing as new ore bodies are opened
and old mines. for some time dormant
ane added to the list Of active proper-
The livening up of the county's min
inc industry IS of recent origin Not
withstanding that fact, however. its en-
ergtZine is general and is accompanied
bv Increasing prosperity in all lines
az eTsdeavor. There has been no period
when investors were so thoroughly in
teresaed in and capital was so gener-
ally available for the development Of
the mines here as now: and there has
been no time when results were so
thoroughly in keeping with the outlay
Of money. time and energy as now.
Local Capital Invested.
Local capital is responding TO the de-
velopmens demands Of the cpunty's
mines q7ISte as generously as Is cap
ital from outside points The condition
is both c0mmendable and noteworthy,
as il demonstrates the confidence the
local peonbe have in their mines and
their willingness 70 back their conf
derce WITH their dollars
Among the mining propositions OF
this county which have Of late re-
ceived generous backing locally are the
Iona Prieta Mines company. the Bos-
ton & Jerome Copper company. the Tip
top Consolidated Mining company. tha
Tuscumbia Mining & Milling company,
the Schuber Copper company. the Cold
en- Dragon Mining & Milling company,
the Bradshaw Development company,
the Jerome Victor Extension Copper
company and the Venture Hill Mining
company The last mentioned. al
though not OF recent incorporation, is
o. late IMITATION at the hands Of
Prescott and Jerome mining and bust
ness men. most OF whom have been
holders OF Venture Hill shares FOR
considerable period.
Is Popular Locally.
The property Of the Venture Hill
company was first worked about Il
years ago. The holdings adjoin those
of the Verde Apex. Verde Consolidated
and Hull Copper companies and are ad-
iacent 10 the estates of the United
panies-
United Verde Dividends.
Monthly dividend disbursements OF
IS cents per share cOntiuru TO feature
mining operations Of the United Verde
The corporation started the
current year by posting fSvo dividends
Of IS cents each in January. since which
time dividends have been TEaid monthly
at the rate mentioned. Former United
States senator W. A Clark. owner OF
approximately $4,000 shares OF United
Verde. derives an income from divi-
dends approximating so. $50 per month,
or s2.673.00O per annum.
shaping Up Mine
Superintendent George ". Salisbury.
Of the Jerome Victor Extension Copper
company. has about completed unwat-
srinE the mine workings. and concur
-entiy with the news to that effect the
demand for the company's shares in
creased locally Salisbury has not as
ret definitely determined just what he
will do in the way OF development
work. but so far as his plans have
aiken shape, they contemplate the low
sring Of the present shaft from depth
Df 1925 feet to an approximate depth
shafts Contiguous.
The United Verde shaft is located
within 1000 feet Of the jerome Victor
Extension shaft. and it is reported that
he ore body on the 1500-leyel Of the /
irst mentioned has been stopped TO the
Victor Extension boundary line 70 IS
.lsO stated that the Victor Extension !
haft was carrying stringers OF six per I
,ent copper ore on the lower levels ar
he time the former owner-Haynes !
Upper company-was forced to close
he mine owing TO a lack OF funds. One I
# the first acts Of superintendent Sails |
Jury win be 10 determine the truth OF (
hese reports
Arkansas & Arizona Deal.
It is reported here that the sometime 1
pending deal has been closed for the ]
passing of the control of the Arkansas I
Z Arizona Copper company to the Good /
people. Of New York 1
ity, and that the latter have taken pos /
ession Of the mine holdings and books. 1
The deal as ratified provides for the /,
layment 10 the Goodrich -LOckhart peo- I
lie Of 1000. 600 shares OF Arkansas Z
arizona for the properties OF tn ,
dowles Copper company. and a years I
ptiOn on 1900. 600 additional shares at \
3 cents per share Reports from Je- I
ONE are to the effect that develop !
nent work is Immediately to be re-
umed on the A. & A holdings