The Barre daily times. (Barre, Vt.) 1897-1959, 1917-01-01
HUGE DIVIDENDS PAID
By 10 Mines in Arizona, According to
Geological Survey.

By 10 Mines in Arizona, According t,
Geological Survey.
Ten mines in Arizona paid $3i,000,00C
in dividends during the past year. Add
/ ing Utah, Montana, Nevada and Idaho
dividends to those of Arizona we have &
total of over $l00,O00,0O0 in dividends
paid out of the mines of these five west
ern states in single year.
| These are some of the impressive facts
brought out by the report of the geologi
cal survey to Secretary Lane just made
"Never before" said Mr.. Lane, "has sc
large draft been made on the natural
resources of our country as during this
year, and never before have the metals
been extracted from these ores with less
waste or utilized to better advantage in
advancing the general prosperity of the
country. Even as written in the plain
figures of 1915 production the wonderful
record Of our mines sets forth a degree
of national industrial independence only
hoped for few years ago.
Again copper stands out as the best
illustration of how American mines can
meet world demand. The output of
nearly 2,000,000,000 pounds of the red
metal is double that of 10 years ago and
its value is twice that of the copper pro-
duced in 1915. Add to this the facts that
in value copper now contends with iron
for first place among the metals and that
together the amount OF these two metals
produced last year had value of more
than ST 900, 100000 and we have a meas
IRE of what this country can contribute
in useful metals.
"The output of zinc from domestic ores
increased last year $4,000 tons, which
makes new record for that metal the
total value of spelter from United States
ore being Sl50,000,000. Lead also shows
a large increase, the S75,000,000 output
being a gain of more than 80 per cent.
with all this activity in metal pro-
duction the coal mines have had to meet
a heavy demand, so that the btuminous
coal output has now passed the 100000.
600 ton mark, an increase of 1914 per
cent over the previous year. Coke pro-
duction increased 80 per cent and il is
gratifying to note that by-praduct coke
made the largest gain, which means
corresponding gain in benzol and other
valuable by products.
again the oil wells have given new
record for petroleum yield the estimate
of marketed production Of crude petro-
leum for 1916 being 0200o000 barrels,
or 100000 barrels more than in 1915.
Another mineral product which fur
nishes an index of business conditions is
cement, the 1916 production of which is
estimated TO be 100000 barrels in ex-
cess of the output of the previous year,
while the shipments were even greater,
aggregating 94.500,000 barrels, with the
outlook reported as good for the new
year.
"The reports received from the sur
vey's western offices contain most signiti
cant mining records Every western
state shows a large increase in yield OF
metals. Arizona leading with a gain OF
800 600, 900 over last year. while Utah
and Montana together report another
100000, 900 gain Alaska also had its
best year, contributing a total value OF
more than S50000000 this year, or over
80 per cent in excess. OF any previous
year
"These advance statements not only |
show that 1915 marks new advance for |
The mineral industry Of the country, but |
his remarkable increase promises to be |
approximately 25 per cent over the 1915
so that we may expect the |
inal figures to show total of $4,000
100000"