Nogales international., 1930-01-21


copper, lead, and zinc produced
by mines i'm Arizona in 1929 was
about $158, ,433, 300, an increase
from $144,3O0,3S1 in 1928, ac-
cording to estimates made by c.
N. Gerry, of the United States
Bureau of Mines, Department of
Commerce. The mines of this
State not only made a general
increase in the output of the
five metals, but remarkable
increase in the output of cop
per, which gives a new record
for the State far in excess of
the record of 1918 when the to-
tai was 764,S55,S74 pounds of
copper.
The large producers Of copper re-
sponded to the increased price Of
the metal, especially during the first
six months of the year, and made
production of copper which ex-
ceeded that of 1928 by more than
lO1 ,O00, 900 pounds. There was a
large increase in the output of gold
corresponding to the abnormal in
crease in the output of copper, but
the decrease in gold from gold ore
in Mohave County was pronounced.
The prices of lead and zinc, slight
ly higher than those of 1928, did
not result in a marked increase in
the State totals for lead and zinc,
although good increases were made
at individual mines such as the
Montana property In Santa Cruz
County and the Seventy mine mine
in Gila County. Large expenditures
we're made in improvements at the
copper smelters, in construction
work on copper refinery at Ell
Paso, Tex, and in building new
mills, especially at the Verde Gen.
tral mine at Jerome and the Christ
mas mine in Gila County.
Huge Dividends
Dividends amounting to $27.6I1,- :
$50 were reported In 1929 by the
following mining companies: Calu-
met & Arizona, United Verde, In
spiration, United Verde Extension,
Miami, Magma, New Cornelia, and
Arizona Commercial. Dividends Of
$5 100000 were also paid, it is re-
ported, by the Phelps Dodge Cor
poration, which operates the Cop
per Queen and Morenci properties
in Arizona and other mines in Mex
leo and New Mexico. Profits from
the Ray mine are included in dii-
dends of $3.937, 500 reported paid by
the Nevada Consolidated Copper Co..
operating properties in Nevada. Ari-
zona, and New Mexico.
Gold Output
The gold output increased from
S., ,967, ,488 In 1928 to about $4,217,000
in 1929 due to the unusual activity
at the leading copper mines. De-
cided increases were made in the
production of gold from the Calu-
met & Arizona. United Verde, Shat
tuck DEM, Copper Queen, Mabma,
United Verde Extension, and Ari-
zona Eastern mines, but decreases
were recorded from the Katherine,
New Cornelia, Morenci property Of
the Phelps Dodge Corporation, Mac
Neill, Bunker Hill, and Tom Reed
properties. The decrease in the out
put of the Katherin mine in the
Union Pass district, Mohave County,
was the largest in the State, and
gold from the San Francisco (Oat-
man) district was also less. six COM
paries each produced more than
100000 in gold in 1929-United
Verde, Calumet & Arizona, Copper
Queen, New Cornelia, United Verde
Extension, and Magma properties.
Considerable gold was also produc-
ed from the Shattuck Dem proper
ty near Bisbee. the Tom Reed mine
at Oatman, the Old Dominion mine
at Globe, the Morenci property of
the Phelps Dodge Corporation, and
the Arizona Eastern property at
Octave.
Silver Output
The silver output increased from