Great Falls weekly tribune. [volume] (Great Falls, Mont.) 1894-1???, 1895-03-15
DSTON & MONTANA REPORT
p Last Year COmpleted--Cash Bal
auce of Assets First OF This
Year, $532,ia6.
bperintendent Klepetko Recommends
Construction Of Coke and Coal
Washing Plant.

EThe annual report of the boston q
pntana company for the year ending
bcember 81, 1894, has just been COM
tied, and from it the following interest
extracts are taken:
4%The trustees submit the following
bort of tho operations for the year:
9Soss receipts from copper, silver, and
product from Great Falls were
$lB3O,5 27. The costs have been: Run
hing expenses at Butte and Great Fails,
LOIS, 2O5; all other expenses OF hanuling
copper, such as freight, copper charges
commissions, expense count, taXes'
naSaying. and weighing were So25,o"'
nu6Hlng the total running expenses
113J643 ,OS2, and leaving a balance Oh
{D67.445. Interest on bonded deDt, pre-
un3unfns on bonds redeemed and other IN,
Stiif6st were $l22,78l, and sinking rum
Sl5O.O 900, a total of S2I2,!Sl,
fS1pipg a net balance of $7l4,6Gl. From
nm is to be taken dividends Nos. ID aud
III. 10000 and mining property bought
during year 1922, 400, a total of So'2,4o2.
The remaining surplus for the year was
61S2.2b2, which, added to the balance OF
aeeets, December 3lst, 1893, OF S3oo,l'4,
makes a balance of assets, December
SIT. 1894, amounting to So32,i3O.
The amount of ore and copper IN It's
various stages with which the Great
Evils plant is stocked is now somewhat
laeRer thar it was a year ago, peine
auual to about 100000 lbs. Of fine cop
por. This, after deducting the cost
necessary to put it into m%erchantable
shape n delivering it IN New York. VAL
show a net profit to tho company or
shout S4O7 900.
The financial statement is as follows:
Assets-Cash and accounts receivable at
Boston, and copper. silver and gold on
hand sold, but not paid for, S6oo,!3o;
cash and accounts receivable at mine,
$l5,438; supplies on hand at mine, s9,|2l;
cash and accounts receivable at Great
Falls, $lS,928; supplies on hand at Great
Falls, SlO8,42O; total assets, Soo3,23':
Y. The liabilities were: Accounts payable at
Boston, Sll9,366; accounts payable at
mine, S55,23l; accounts payable at Great
Falls, $96,204; total liabilities S2|o,ool'
M This leaves a balance OF assets Decem-
Der 81, 1894 at 1924 3G. -.
The capital stock is S3,750,000. The
bonded debt at the close of the year was;
First issue, S474; second, S2o9,OOO; third
100000; total. Sl,363,000. The sinking
funds available amounted TO olll,o'2
From these funds SO bonds were can
celled during tho year at a total cost OF
S1O2,587. The total amount PAD lt
dividends on the stock has been S2,3'o.
GOO. Of which 100000 were paid IN )
The report of Manager Thomas Couch
gives a statement Of the work done IN
the mines of the company at Suite and
Mr.. Couch makes FROM careful survey
and measurements Of the ore blockec
out an estimate of the ore reserves
which is as follows; Mountain View
42O.455 toos: East and West Colusa, 400,
600 tons; Pennsylvania 10000; Johns
town, 25,O00: total, SSJ,455 tons. In max
: ing these estimates no figuring has beef
done beyond the present faces of the
drifts; had this been done, as it could bt
with safety. the estimate would run ove'
100000 tons.
The Moose and .Aurara silver mines
have been leased for part OF the year OF
a ROYALTY of 20 per cent net, which
yielded in all 2l,61G, The good ore IL
the vest end of the .Auraria has beel
nearly all stopped out and that remaining
ia low grade. There is but little ore il
these mines that can be protitably takeI
out without expensive sunk and develop
ing work.
The report of Frank klepetko, super
intendent of the smelling plant, say
that at the Great Falls works durln
the year a fourth dynamo of lG5 *. "
for alectrolytic work has been added
also two electric generators for trans
mission Of power, Two motors hav
been installed at the smelter while tw
run the blast furnace blowers and tn
other two operate the plant of the cor
verters. In September the tail race wa
cleaned ont and consequently an increae
OF power was secured, the addition civ
ing the electrolytic plant an increase i
produce Of 100000 pounds month";.
Some improvements have been made j
the concentrating machinery. In tn
blast furnace department two furnace
have been added, giving one furnace ft
smelling Butte a. Boston matte befol
sending it to the converters and thre
furnaces for smelling the fret class OF
concentrates and Stag.
No. s, raverberatory furnace WI
finished during the year. There are no
Is gas producers in use, sufficient to ru
five furnaces which will keep up tf
normal product. In the refinery a fourt
furnace has been put up to be used
refining electrolytic copper. The capa
ity of the electroly1lc refinery has bee
Increased to 100000 pounds monthl
@sf AL Nhi' iAiSpSbN' pAy
.The general working of the plant h;
been very satisfactory. When pusne
1t has a capacity of at least so per Gel
more than the nominal requirements, HI
with comparatively small expenditure
the smelter this could be increased
practically double the output. We ant
cipate considerable reduction in the co
OF blast furnace smelling, principally
account of reduction in the price Of COX
Resent developments in the Belt co
fields indicate that good coke can |
made from this coal. This would gu
us q very cheap blast furnace fuel.
may be necessary for you to appropria
aome money for acquiring coal lands
thle district and for erecting a coal was
inGSplant and coke ovens. The sum tn
rnAy be required for this purpose may
considerable, but as we are consumil
about 100000 worth of coke annual
and we anticipate a reduction of
leaet so per cent in the cost of local ov