Arizona republican., 1918-02-24

the Extension paid a total quarterly dividend Of more than 75 cents, with the exception of last summer, when they paid a Red Cross extra of 1o cents a share. There are 1,050,GOo shares outstanding, the payment of s2.25 a share means total disburse- ment of $2,362 300. Of this amount between s200000 and S300,000 was paid in Jerome, where it is esti- mated that there are not less than 100000 shares of stock. To date the Extension has paid tota, dividends of s4,155, ,000. It entered the divi- dend paying class in 1916 and in that year disbursed S1,050,000, or S1 share. Its 1917 disbursements amount ed to s5,705, 900. In addition to pay ing these dividends, the Extension has set aside enough of surplus to put up a s5OO0,000 shelter, to dig an SS,000,000 tunnel and to lay sev- eral miles of railroad, besides erect
 ing numerous buildings.
 According to recent reports, some exceedingly interesting ground is be- ing opened in driving the haulage tunnel of the United Verde EXten sion, above referred to, east and west, from the Texas shaft. Both headings are in quartz porphry show ing much oxidation. The Texas shaft is 600 feet deep. From the bottom a crosscut was run fifty feet north and recently headings were started, it giving q big mass of that mate rial, which so often carries copper in the Verde district. It is very shifty ground with much water, and it is | necessary to timber heavily. Tim -,r @i, l used The west heading is about | 200 feet from the fault which runs north and south at the east end of
 the Dundee-Arizona property. The
 cutting of that fault by the tunnel is awaited with considerable interest. | JeromeVerde
 | Through its consulting engineer H.
 P. Henderson, the Jerome Verde Cop per company has recently issued a l statement to it's stockholders, for the quarter ending December 31st. This
 shows that the Columbia shaft work
 ings have reached a depth of 11Ot
 feet, with 1859 feet of drifts and
 crosscuts and 1342 feet of diamond
 drill holes. The northwest workings
 have reached the 90O-foot level. witt
 90 feet of raises, from which 161l
 tons of ore have been mined. Thf
 northeast workings are down 110l
 feet, with 99 feet of drifts and cross
 cuts The ore shipments averag,
 S.55 per cent copper, and the pro-
 ceeds have paid considerable pro
 portion of the development expenses
 This ore body, which is on the man top claim, is 40 feet long and to 2
 feet wide. The ore remaining is no
 measurable, but probably severa
 thousand tons more are availabl
 above the 900 level. This ore wa
 mined under an agreement with tn , United Verde Extension company which terminated in December. Tn
 ore body will be accessible througl
 the Columbia shaft and the nortl
 drift which will connect with tn northwest workings in a few months
 In the Columbia shaft workings mucl
 mineralizer ground containing trace
 of copper has been exposed, but n
 ore is yet available. These work ings are so situated that a large are of extremely interesting ground ca ] be explored during the coming yea and the belief is that the mineraliza e tion in this vicinity strongly indi s cates the presence of an ore bod e in this portion of the property.
 In all of the big drives which hay : been made in Yavapai county fe : war work, the mining companies haN 5 always lent their aid and suppor !. The State of Arizona must rais s $3,O00.0O0 in the Thrift Stamp sax e ings campaign and of this amour e $350,000 worth must be bought l, Yavapai county. Acting upon u S suggestion of the president of u
 Chamber of Commerce, the Arizor
 Power company, which supplies pow = for practically all of the mines $ Yavapai county, and the United Vert 3, and the United Verde Extension, u d Binghamton, Consolidated Arizon g Randolph-Gemmill and many oth S scompanies have asked their employees