Bisbee daily review., 1916-10-15
GREEN MONSTER BUYS COPPER CHIEF, THE
 RUMOR
Report That the Green Mon ster Company Has Taken an Option on Producing Property Is Persistant.
RESIGNATION OF
 CLARK IS RUMORED
Company Would Be Obliged to Pay for Property Part in Stock and Part in Cash Nothing Definite Learned.

| | PRESCOTT, Oct. 14.-Persistent ru- mors have been in the air for the past ! two days that the Green Monster Min 1 ing Company was on the point of talk
 ing over the Copper Chief. and as a
 result the market went soaring. Mon-
 day morning the stock opened at SIS
 and yesterday it reached a high of 4 5-S, receding later to 4.
 Coupled with the report of the SUD- posed consolidation is the rather sen sational statement that Will L. Clark has resigned as general manager of the United Verde to assume the man. agement of the Green Monster when it shall have acquired the Copper Chief. Attempts to verify these re- ports only elicited the response from Green Monster officials that the mat ter of rumored consolidation had been under discussion but that 20 meeting had as yet been held to take definite action. Notwithstanding this lack of official confirmation, Jerome people evidently regard the deal as good as closed, for they were heavy buyers yesterday in the New York market, buying orders being wired there that aggregated 15,000 shares.
 Later on in the day the price had reached such a tempting figure that many holders who had bought the stock at a low price unloaded their commitments, or at least portion of them, the effect being to depress the market by the profit-taking transact ions.
 Assuming these reports to be cor rect, the Green Monster would have a magnificent property by the scquisi- tion of it's neighbor, the Copper Chief. The latter is already producer and has been shipping ore for several months. Its title is vested in three widows, but in July of last year it was taken over by the Hayden Development Comapny under bond and lease, and it would be this instru- ment that would be transferred to the Green Monster people.
 On what basis the proposed merger could be effected is also a matter of speculation. The Green Monster has only 300000 shares of its treasury stock remaining, and that amount, it is claimed, would not be sufficient to make the exchange. But it his s525. 900 in cash in bank, and it is pointed out that the deal could be effected by a payment comprised both of cash and stock
 Leroy Anderson, general counsel for the Green Monster has been in Je- rome for three days and stress is laid upon that fact by those who feel posi- tive that the proposed consolidation is to be effected. but as he is also at torney for the United Verde, no spe- cial significance can be attached to his visit. What really lends a color of truth to the reports in circulation as to the mooted amaleamation Is the fact that the Green Monster people have been negotiating for some time for the purchase of the Hooker X Ewing group which adjoins the estate. There was only a difference of several thousand dollars between the offered and asking price. it is said but before a compromise figure was agreed upon other parties came along and offered a price that was accepted by the own CTS. A year ago it is stated that this group could have been purchased for 25.000 but values have jumped so fin the meantime in the Jerome district that the property changed hands on Monday at price said to have been ten times that figure.
 Losing the Hooker & Ewing group. it is thought. is what probably be- stirred the Green Monster directorate to quick action as regards acquiring the Copper Chief. assuming of course. that such deal is pending or has all ready been closed.