The copper era and Morenci leader., 1916-11-03
?. ). EXTENSION Is EXPECTED ID BE
 \ WINNER
Shares Put On the Market Last Week TotaIIns 200 900 Are Rapidly Disposed of-Many Alp pIicants for Stock Turned Down.


 pIicants for Stock Turned Down.
 The first offering of 100000 shares of Ire-organization stock of the P. D. | Extension company which was put on the market last week was snapped Np SC quickly by eager investors that the management of the company were compelled to make formal announce ment that there was no more stock for sale, and that in fact the same was oversubscribed by $50,0OO and all of the late orders had to be refused. Hundreds of wires came from all over the country asking for a reser- vation of stock and those had to be refused From all indications the P. D. Extension will be sensationallyac tive stock and it is undoubtedly the best speculative investment offered to the public in Arizona today. Some of the reorganization stock sold as high as 60 cents on Wednesday and there was an informal sale on Thurs day at 75c To those who are anxious to secure treasury stock at 75c it may be advisable to suggest that they sub- scribe through any of the banks at once. There are daily wires from every part of the country from brok- CTS asking for reservations of treas ury stock, and calls are coming from as far east as New Haven, Conn.,, from persons who are clamoring for stock
 It is apparent that the treasury stock will be heavily oversubscrib- cd and to those who subscribe first will be allotted their subscription or as much thereof as possible, the poli- cy of the company being to serve those who are first on the ground. It 1 is also expected that within a short time the stock will be on the New York curb, and that it will have the sane meteoric advance that Green Monster and some of the others have had. is the belief of the men behind the P. D. Extension.
 On Monday the Arizona Corporation Commission approved all of the acts of the company and gave them per mission to sell 100000 shares of the treasury stock of the company at 75 cents a share. The treasury stock will be placed in a short time and all banks in Clifton and Morenci will re- ceiy e advance subscriptions for stock. ea1a of "a shares of reorganization stock, which was disposed of a short time after being offered for sale, it is ex- pected that this allotment of treas ury stock will be heavily oversub- scribed, and it is up to those who wist to invest to make their reserva- : tions early in order to get in on a sure proposition.
 MT, W. P. Weller, trustee of the company, left on Thursday. morning for San Francisco on an important conference with the men behind the P. D. Extension Before his return home he will stop off at Jerome on
 business for the company. He will al so stop in Los Angeles and probably go on to Denver where he will trans act business in the interest of the com lpary. Upon MT. Weller's return sen
 sational announcements may be ex- . pected in connection with the affairs of the company.
 } The P. D Extension company means ? more to this district than anything 5 thd: has happened in years along the 'nes Of mini S development hn1 az 5 | ity. The company vii. speEt; CT 5 IrlIlion doll4rs l.. de: loDin" their claims and that it will develop into as .s -.r as any :, lis field is the opin- 2 l io ,t Ill who ''a' 's studied the claims ah round of + ] P. D. Extension To.a company can start skipping cr,. ai GTy day, Dur that is net the'r plan
 It '- their in.r tic to systematically } oa ,lle their e in the proper man. 7 n-r
 ..e one thirs trat interests the l E-; =" here IS how much rich, las P. D. made me today. Upon MT. . Welier's return this paper will have 7 sor pleasing ;tn, interesting new $ } .r "esard to tire aft" Of toe r. "
 E>sf rsion ccno;l~. and the anIir is l awaiting further announcements with : increasing interest. The claims ly- l inS in close proximity to those of
 the tig operating companies of the l district lend an added emphasis to l the belief that the new company will be as big producer, if not surpass
 ir magnitude any Of the big proper