Mohave County miner., 1912-02-17
Many Mines Profit by
 Silver Advance.

rent quotation being up to 6Oc per ounce, is of much greater importance to many inning companies whose shares are traded in on the New York market than is generally understood. Silver had recently sold as low as 52c an ounce so that the quotation regis tered during the week shows a gain of Sc an ounce, and the gain if maintained for any length of tune means a great deal to companies who are producing all the way from l,000,000 up to sever- al million ounces of silver per year.
 The camps that are principally affect e1 by this improvement are those of Cobalt. Tonopah and Butte. At Co., bait, where most of the mining con- panies produce silver product almost entirely, the advunce is of far-reaching consequences. When it is figured that the Cobalt output is at the rate of g. 6)O,000 ounces of silver per month, the difference of Sc in this production means an increase in the income of the various companies who contribute to this output of 200,0 ,000 per month, or at the rate of nearly 2,000, ,0O0S per year. Silver experts have figured that for annual earnings of the Cobalt proper ties are increased by 300,000S. The gain in the price of the white metal is particularly significant to such proper ties as Nipissing, La Rose. Grown Re- serve, Mckinley-Darraugh, Kerr Lake and Wettlaufer, as it means Just so much more added to the income which the company derives from the opera tions of it's properties.
 At Tonopah, where the big mines produce product that is 10 per cent gold and 60 per cent silver, the in- crease in silver is nat lraIly an import ant development, tending to show larger earnings. Both the Tonopah Mining and Tonopah Belmont compan- ies that produce all the way from 2,O0O- 010 to 3, '00,0O0 ounces of silver per year will be most benefited by the ad. vance in price if it holds, while the lesser companies whose ores range in about the same proportions will also eceive commensurate increase in their earnings.
 At Butte, the increase ia silver is inn of ha fen hot of the high grade copper ores in the camp carry all the way from l5 to 50 ounces of silver per ton, with the re- suit that additional earnings will also be shown here owing to the increase in the price of the white metal. Butte for years has been the largest silver producing camp of any one section in the United States, it's output having averaged from l6,000,000 to 20,OO0,000 ounces of silver. In fact, Butte was the largest silver producer in North America until the advent of Cobalt. Since this latter camp has been turn ing out its silver output from year to lO yodT, IL ulo SSuJ DulUe uOWn JO sec ond place.
 Owners of silver mines in Canada, the United States and Mexico have found great deal of encouragement in the recent advance in the prlce of silver melel. Since the beginning of the year silver has advanced 5 cents an ounce at New York, to 60c fine, and verybody who is operating mines is wor dering whether the price is going to be maintained If so the increased profit should in due time attract capital in the form of enlarged output; and if prices advance still further other mines now idle should be worked or new claims opened.
 Latest revised figures show Canada produced 34,0OO,00O ounces of silver in 1911, 32,00O,000 ounces coming from the Cobalt district alone. This places Canada in third place as a silver pro- ducer, and shows that the Cobalt camp alone last year contributed II per cent of the white metal produced in the world. Deducting the output of bull lion from the grand total, it will be found that 2S.227, ,0SO ounces left the camp in box cars either as concentrates or mine ore.-New York Mining Age.