Arizona republican., 1916-10-01
ID USE DIAMOND
 DRILLS IN THE
 ]. Y. JUN. GROUPS
(speciaI to The RepubIicanl


 JEROME Ariz., Sept. 30.-In line with the recommendations of En- gineer George A. Bethune. the Unit ed Verde Consolidated Copper Com pany is arranging to diamond drill the United Verde Junior and Ma hurin groups.
 In all probability there is ore at both properties, says Bethune, and the quickest way to locate it is to use diamond drills.
 Bethune thinks so highly of the United Verde Consolidated holdings that he has accepted the position as chief engineer and superintendent of the company. He is now in Kingman packing his elaborate metallurgical equipment and sampling works for shipment to Jerome It will be set on the United Verde Junior a mile and a half south of this camp.
 At numeorus points on the United Verde Junior, Bethune found pyrite, chalcopyrite, bornite, sulphide and oxidized copper ores. Surface indi- cations and the development of sur rounding mines make the outlook | for commercial ore bodies encouraging and development is warranted,' he says.
 Bethune plans to start the diamond i drill in the face of number tunnel $50 feet in from the portal, and drive to the contact, one thousand feet distant. The Contant will be cut to a depth of more than a thousand feet
 T think that the company had bet ter use a diamond drill to demon- stVate the exact location of the ore the surface indications being very favorablc,' says Bethune in summing up his findings on the Mahurin group The Mahurin property according to the engineer is faVorably located for economical mining with plenty of wood and enough water for even Q shelter.
 All over the surface of the twenty two Mahurin claims Bethune found heavy iron and copper outcrops
 Articles of incorporation of the United Verde Consolidated Company will be filed with the Arizona Cor poratiOn Commission Monday It is to be capitalized for one million. five hundred thousand shares, having a par value of five dollars.
 Originally it was planned to make the par ValUe of the shares one dol lar, but the unprecedented demand for shares and the fact that the en- gineers report is far more satisfac- tory than they expected, caused the organizers to consider raising the par to five. Before they took final ac- tiOn, however. they telegraphed to some fifty leading brokers in all parts of the United States A great ma iority of the brokers recommended that the par be fixed at five dollars explaining that it would give the corporation a betetr standing among investors and tend to create q bettel market for the stock
 Steps are being taken by the Unit ed Norle Consolidated organizers tc control thC price at which the treas ury stock is sold to the public. Brok-
 CTS are not to be allowed to reserve large blocks at the price fixed bN 1 the company, then take advantage ot
 the demand to sell the shares to tn, | investing public at inflated prices. | Page advertisements will appeal l next Sunday morning in the leadins morning papers of Arizona. Nev | York, Philadelphia. Boston. Pittsburg | Chicago. Birmingham Baltimore, r. Paso. Salt Lake Detroit. Duluth | Minneapolis, St Louis, and othe large cities. announcing when tn,
 books will he open and the price a | which tee stock will be sold l That the treasury stock will be owe | subscribed several hundred thousand! or shares, is now Q settled fact. I is regarded locally as a certaint | that the price Of shares will advanc, 1 sh9rIly as soon as the issue is dis posed of by the company.