Arizona republican., 1917-06-17
IS MILLION DOLLARS IN COPPER EVERY MONTH
 TAKEN FROM MINING PROPERTIES OF ARIZONA
b|G PAYROLL AND DIVIDENDS
 REACH NEARLY TEN MILLIONS eO MILLION POUNDS |S OUTPUT

Arizona produced for April in the neighborhood of 60,0O0,000 pounds of copper, from all sources; according to estimates made by the Arizona Chap ter of the American Mining Congress- This metal on the quoted metal price of 29 to 30 cents for immediate delivery would be worth $1S,000, 900. However, the bulk of Arizona copper is sold up to July and beyond at 27 cents, minus delivery charges to purchasers amount ing to about 3 cents the pound in for eign countries. So the Arizona pro- ducers are receiving actually about "A cents the pound, although they are paying wages on the basis of the quoted market prices from day to day.
 A further deduction must be made from their actual receipts from output, too, by reason of the fact that they are supplying all the needs of their own government at 1612 cents the pound. This tonnage is not as yet great, but it cuts into the total. A few cents off on the price of copper makes more of a difference than the average layman is likely to grasp on first thought. For instance, at 90 cents this months Ari- zona output would be worth s1S,000,- 900. But at the actual price being re- ceived of 24 cents it figures out $14,- 100000 considerable cut. However there are not many states in the union engaged in the production from the ground of any single commodity to the extent of S14,OOO,0O0 the month.
 CircuIates Millions
 Arizona mines pay rolls will reach something like $5,O0O,O0O this month Included in this round figure approx innate estimates are the smelterS, mills and a proportion of the pay-rolls of the several railroads in the state which are operated practically solely for the business of the mines and reduction plants Operation of all of the orange groves, fruit ranches and other agri- cultural and horticultural enterprises of California and Arizona combined does not involve anything like as huge a sum in point of money distributed for wages. On top of the wage eX- penSe comes something more than it's total of s5000, ,000 which goes out for the purchase of timbers. powders, steel. necessary new machinery, con- struction materials. railroad freights. the latter a prodigious sum in it's total interest, insurance, taxes, running into many thousands of dollars the day, and a list of miscellaneous necessities. Support All Arizona
 These dollars reach into many chan l nels from the Atlantic to the Pacific, and in Arizona into every channel, pro- viding in reality the entire states daily bread directly and indirectly. They keep the stores open, the hotels and 1 restaurants going, the railroads run
 ming and their working forces increas- i ing, the latter from coast to coast, 1 while in the broader field of the coun- try at large they are likewise extending
 a good part of the work which keeps
 the iron miners digging, the steel workers at the furnace, the logging
 camps in activity, the oil fields pros- i perous-and they are drawing upon | Arizona agriculturists for everything they can produce and then reaching
 out over the country for it's products
 of the soil and food products of al 1 kinds
 Profits Likewise Large
 After paying all their monthly bills
 of so many and diverse kind from one
 end of the land to the other, the cop | per producers are still able to look at i a fair sized bank-roll, which, how ever they must immediately proceed
 to arrange to disburse among the i shareholders who put up the money 1 that enabled them to earn and dis 1 tribute money. A fair part of the foul l million dollars left after settling all