The copper era and Morenci leader., 1915-07-23
MINES AND MINING
MINE VALUATION IN 1915 INCREASES
 Sll,000,OO0
Three New Producers are Added With a Total Valuation of $3,310, 0,512.51- Copper Queen Company Again Heads the List.

PHOENIX, Ariz., July 16- Less than $11 ,OO0,O0O has been added to the assessed value of Arizona's pro- ducing mines by the state tax com mission. The figures for 1915 are $121, ,225, ,833.74, as against$ no, ,393, ,9S9.- 5S for 1914.
 The valuation of $l21. .S33. "A, however is not final. It is subject to revision by the board of equaliza- tion, but as the tax commissioners themselves comprise the board it is not likely that there will be any ma terial change.
 In 1914 the producing mines were assessed under a specific law, the taxable value of a property being four times the net production plus 12 1-2 per cent of the gross. This year the effort to re-enact the old law, which expired January 1, failed, and the tax commissioners made the as essment under the general statutes. They took into consideration the earning capacity of the mines for the last three years, also the present market value of their stock.
 While fixing the values of the mines themselves the tax commission fixed the valution of their reduction plants, smelters and other personal property at $35, ,361 ,0S2 75, an increase from 30,225, ,181 .96 Following are the total mine and property values for the last three years: 1913, $1S4,529,- 017 IT; 1914, $140,619, III. .49; 1915, $155, ,131, ,656. 49.
 Tn 1914 there were 29 producing mines and in 1915 there were 35. The assessed value of the new pro- ducers is $3,310,512.51. Chief among them is the Inspiration, which has a value of $1,656,S17.
 The Copper Queen remains at the head of the list of taxpaying mining companies, it's mine value being $29,- 357 ,656. 55 and improvement value $5,143,954.98. Next is the Superior & Pittsburg, with a mine value of $20,- 551, ,670. This is an increase of over $6,o00 ,000 from 1914. None of the other large companies were material ly raised and the Arizona Copper company was even lowered by more than a million dollars.
 Following are the mine valuations by counties:
 Cochise- Western Copper company, $41 ,661 TO; Arizona United Mining company, $28, ,16S; Bunker Hill Arizona $2.054, ,2S9. 39; Commonwealth Mining & Milling company, $S2 sos; Copper Queen, $29, ,357 ,656.55; Thomas Higgins, $224, ,632; Leonard Copper company, $74,37S 80; Shattuck Ari- zona. Copper company, $4,794,2 Su- perior and Pittsburg, $20, 0,551 ,670.33; Wolverine and Arizona, $143, ,462 53. Total $57, ,334, ,56s 80.
 Gila-Iron Cap Copper company, SIS, ,205.73; Miami Copper company, $S,739,3 ,379 .53; Old Dominion, s4,76O,- 1ss. 80; Warrior, $139,992 SO; Inspira- tion, $1,657, ,S17; United Globe Mines, $3,012,7 ,767.75; Superior & Boston, s55,- 725; Arizona Commercial, $109,134,- Total, SIS, ,21O. fl.
 Greenlee- Arizona Copper company | $6,7o9.544. 46; Detroit, $5,167 ,981 .97; Shannon, $1,sOO,19 46. Total, s13,- TIT, 7,718. 98.
 Yavapai- Commercial Mining com pany, $37,250; Consolidated Arizona Smelling company, $74,509; United Verde. $15,319, ,16O. 12. Total, $15,43O,- 919. .12.
 Pinal- Magma Copper company, 1. s158, ,11S.56; Ray Consolidated, $11,- | 904, ,346 93. Total, $12,062, ,465.49
 Mohave- Gold Road Mines com pany, $262, ,670.75; Needles Mining & :, Smelling company, $S3,96O; Tom Reed i