The copper era and Morenci leader., 1917-07-27
66.379,601 Av. 17.7c

Oo.oi9,OUl AN. li.IC
 It means a loss of 10 per cent in- stead of the 9 per cent increase which normal growth demands. Even Utah Consolidated admits that a consider able portion of the ore which it is now mining would have to be left in the ground were it not for the prevailing prices. These are the conditions that are worrying the consumers of cop per, enriching the holders of copper shares and increasing the value of every unmined deposit of copper ore. particularly the low cost coppers in the Arizona fields like Jerome, Globe, Bisbee, Douglas and Miami
 In reality, copper production in 1916 increased nearly thirty-nine per cent instead of the normal g per cent, an expansion such as has never occurred before And all this copper has been consumed, with all that has been mined since. Commercially speaking there are no surplus stocks of copper in the entire world. Even the copper coins of China are being gathered and melted into copper ingots.
 Unparalled activities in the great man ufacturing centers of the world, make it evident that all the copper that can be produced from present sources will not admit of catching up with the normal demand for many years. h. creased development in Arizona is the i-only solution of the copper problem that is in sight Nowhere else has there been any new discovery of cop per of sufficient size or accessibility as to be available.
 Evidence of this fact is seen in the prodigious energy put forth by the higher-upS in the copper world to in- crease the tonnage of present opera tions and in the centering of their de- yelopment activities in Arizona More particularly in Jerome, where the Un- ited Verde Extension, an almost dis credited prospect less than three years ago, is now the worlds richest copper mine and earning from S500,- 900 to s1,0OO,O00 every thirty days on cash investment of probably not over $250,000.
 which last month surpassed in pro- ductiou its celebrated neighbor, the United Verde mine owned by Senator Clark. are such powerful organiza tions of capital and experience as the Calumet & Arizona in the Gadsden property; Schwab and the Lewisohns in the Calumet & Jerome; Tasker l.. Oddie and associates in Jerome Del Monte; Capt. Melville Frazier. NJ I. Graves, R. I. Rogers. Tod Ford and other prominent Los Angeles apital- isrs in the Jerome-Superior; James fHougles. [ IT,. Truman Berry and s. l. Warner in Jerome Verde: O. $. Wake
 ling. w Paul Grary, James W. Hub bard aud H. H. Major in Great Verde EXtension: Walter Harvey Weed in Green Monster; Dave Morgan in Verde Combination, and similar con- binations of capital and experience in Dundee-Arizona. Pittsburs Jerome and Jerome Victor.
 There are probabilities of from six to great new mines among them, all adjoining and closely grouped togeth
 CT within the radius of mile on the east side of the Jerome divide. On each 1000 foot three-compartmen shaft is under way as fast as money, men and machinery will do the work, or already completed. It is a race to see which will he the next producing
 mine. Calumet X Arizona have al ready broken a worlds record in sink ing the Gadsden shaft which has now reached deuth of nearly 600 feet. Calumet X Jerome is down 320 feet, with Verde Combination, JerOme-Del Monte. Great Verde Extension. Dun dCe Arizona and Jerome Superior fol- lowing close behind. All are amply
 financed there being cash sums in the individual treasuries running as hie!; as S50O .0nO for development pur- ,-oSCS nited Verde Extension is putting s50G,0O0 into a smeIter, and in addition to constructing 13,000 fcut drainage and haulage tunnel, is sinking a new 600 foot shaft on the eastern part of it's property about half way between Dundee-Arizona and Great Verde Extension.