The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1917-01-01
TEN ARIZONA MINES
PAY ~S34,OOO,OOO IN
DIVIDENDS IN 1916
Adding Utah. Montana and Nov
ada the Total is More Than
$1oo,O0o,o 900; Oil Wells Set New
Record for Petroleum Yield.
tspeciai corrcspondcnceJ

AoVtNAh]
Washinsto II. C., Jan. Ten
mines IN Arizona paid $4,000. 900 tn
dividends during the past year. Add
ing Utah. Montana. Nevada and Idaho
dividends To those OF Arizona we have
a total of over 500. OO9. 600 in divi-
dends paid out OF the mines OF these
Ave western states In a single year.
These are some OF the impressive
facts brought on, by tho report OF the
geological shrvey to Secretary Lane
Just made. Never before" said Mr..
Lane, has SO large a draft been made
On the natural resources OF our SCUM
try as during this year, and never be-
fore have the metals been extracted
from these ores with less waste =
utilized TO better advantage In advanc-
ing the general prosperity OF the coun-
try. Even as written In the plain hg-
ures of 1916 production, the wonder
ful record OF our mines sets forth a
degree OF national industrial inde-
pendence only hoped for a few years
ago.
Again copper stands Out as the
best illustration OF how American
mines can meet a world demand. The
output OF nearly two billion pounds OF
the red metal IN double that OF ten
years q and It's value is twice that
OF tho copper produced ia 1915. Add
60 this the facts that In value Upper
now contends with iron for nrst place
among the metals and that together
che amount OF these two metals pro-
duced last yea had a value Of more
than N billion dollars and We have
n measure OF what this country can
contribute in useful metals.
THE output OF zinc from domestic
ores increased last yea $4,000 tons.
which makes n new record for tina
metal, the total value OF spelter from
United States ore being $50. 600. 600
Lead also shows a large increase. the
%S75.0o0,0O output being a gain OF
than 50 per cent
with all this activity in metal pro-
duction the coal mines have had TO
meet a heavy demand. so that the BIZ
luminous coal output mas now passed
che half billion ton mark. an Increase
OF lsh per cent over the previous
year. Coke production Increased 80
per cent ana It is gratifying 10 note
that by-product coke made the larg.
est gam. which car % corresponding
gain IN bcnzol and other valuable by
products.
again the OH wells have given a
new record FOR petroleum Yield. the
estimate " marketed production OF
crude petroleum for 1915 being e9g
million barrels. or II. O00 600 barrels
more than in 1915.
Another mineral product which
furnishes an index 10 business cOndi-
tons is cement. the 1916 production
~ which IS estimated 20 be 100000
barrels IN excess Of the output Of the
previous year, while thc shipments
were even greater. a~ggregatiug ga
500, 600 barrels. with the outlook re-
ported as gOod for the nov year.
The reportn received from the sur
Vcy's western Offices contain most sig
nihcant mining records. Eyery west
crn state shows p large Increase iu
yield OF metals. Arizona leading with
a gain OF 100000, 900 over last year,
while Utah and Montana together re-
port another 500. 600. 900 gain.
Alaska also had It's best year, contrib
uting a total value OF more than $50
600, 900 this yenr. or over 80 per cent
IN excess Of any previous year
These advance statements not only
show that 1916 marHs "a now advance
for the mineral industry of the cuun-
try, hut this remarkable increase
promises 70 be approximate 20 per
cent Of the 1915 production. so that
We may expect the final figures 20
show a total OF three billion dollars.