Weekly journal-miner., 1916-12-06
|. A. SYNDICATE ENTERS JEROME
 DISTRICT
SQUARE MILE OF GROUND AND OR CANNES BIG JEROME COPPER COMPANY.
(From Sundays DaIly.)

One ot the interesting financial de- velopments of the past week has been he forming of syndicate composed principally of well-known financial interests of Arizona for the purchase Jf a copper property in the Jerome district consisting of B claims, ap-
 roximately GAO acres, and we'll known T and around Jerome as the square
 lllc of mineral land" The syndicate which has purchased this property
 i'll organize under the name of the
 Big Jerome Copper Company" and
 : is its intention to immediately be-
 in an aggressive development cam
 .gn on the large acreage it has ac-
 tired.
 While a majority of the men who
 ye formed this syndicate are well
 own in the mining industry of Arr :ona, Los Angeles will be represented
 n the board of directors by Harry 2. Andrews, who will control large block of stock in the new company nd will be its vice-president. Mir. Andrews is heavily interested.
 Those in close touch with existing
 onditions in the Jerome district ex-
 ect interesting developments when he Big Jerome Copper Company has
 mpleted organization and work on
 e square mile of mineral land" is
 ally under way. The location of the lroperty is considered one of the pest in the Jerome district. One DOT ion of it adjoins the Pittsburg-Je rome, a popular trader which is now selling at S2.l2 bid and SIPS asked, and another portion adjoins Copper Chief property. which is now at 50 cents. Other well-known adjacent properties arc the Boston-Jerome, Green Monster, etc.
 The great quantity of copper which $ being used in the war has sent the price of the red metal to figures which l few months ago were undreamed of. Yet, in spite of this great increase n price, the demand is steadily grow ing and has now reached a point where practically all the copper which can be turned out by the present pro- ducing mines of the country during he year 1917 has already been sold in advance. This fact has brought out most interesting side of the copper situation and that is that in order to meet the present abnormal demand and keep up with the normal demand, which will follow when the war is over, new mines will be absolutely necessary.
 Under these conditions, the entire Jerome district at this time is one of great activity. In fact, all eyes of the investing world seem to be centered on Jerome, which was first brought into prominence by the biggest body of high-grade copper ore in the world.
 Jerome at the present time has three producing mines, and any day l big strike may be made at one of he prospects under development. It IS evident that before the present era of investment in copper is over some If the Jerome prospects may make ensational strikes.
 The property of the Big Jerome Copper Company has been one of the prospects that big interests have been attempting to acquire. It remained, however, for the Los Angeles capital ists to close the deal which has just been announced.
 Advices received here state that J. B. Bourne, former county treasurer of Pinal county, has been elected to he directorate of the Big Jerome Copper Company. Mir Bourne is one of the prominent mining men of Ari- zona and his acceptance of director ship in the company together with W. Paul Geary, of the Arizona corpora ton commission, and Harry Andrews, of Los Angeles. bring about one Of the strongest dircctorates ever formed in Arizona. Organization is being rapidly completed and plans are under way for starting development on the property. YEAGER COPPER MINE