The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-06-30
At TIGER AND POOHMAN
Anaconda Shareholders Advised
as to the Condition.
LONG SPELL OF HARD LUCK
The Management Hopes Soon to Tel
Those Concerned That There's a Div
idend ~On-Accidents Decrease
Output Abou 90 Per Cent.

Anaconda stockholders In the Tiger
and Poorman Mining company Of
Burke, Idaho, are in receipt of a cir
cular letter from General Manager +.
r. Culbertson of the property. which
gives in detail the condition of the mine
and a summary of accounts which is
of interest to the public, as well as to
the persons directly concerned in the
management of the mine.
A meeting was held recently. and S.
S. Gliddon of Spokane was elected pres
ident, and f. r.. Culbertson general
manager. The directors of the COM
pany are s. S. Glidden and +. ID. Ohm
stead of Spokane, II. L.. Frank and
John Noyes of Butte and f. r. Culbert-
son of Burke.
The report for the year ending this
month is not satisfactory. There have
been many accidents to machinery.
causing long delays in operation. The
electric pump collapsed Just when the
water was most abundant, and the
workings We're submerged pending the
installment of a better pump. A large
new pump was placed at a great ex-
pense, and the electric one repaired.
Now the mine is in good working or
der. says the report. These delays
have operated to decrease the output
for the past six months so per cent.
The present indebtedness of the COM
pany is $2S, 1886 81, and the liabilities on
June 10. 1897, were 1872. O69. 50. The re-
port refers to the indebtedness:
After our new hoist is in place, n
with the increased output that we
should be able to turn out. this ndebt-
edness should soon be cleared up and
dividends be forthcoming"
As to the condition of the mine, the
report states that the shaft is down to
the 1,400-foot level. A station is cut,
n prosecuting for the ledge has be-
gun. 1t is expected to the
ledge about the 18th OF July. At the
1,3o0-foot level drifts have b en- run
from the shaft about S75 feet each way.
The face of the east drift shows a good
body of concentrating ore eight feet
wide: the west drift shows two feet
of the same character of ore. The
east 1,200-foot level has been driven
from the crosscut a distance of 500 feet.
and the west drift in this level some
thing over 400 feet. making a total of
LOO feet of practically a continuous
ore chute. The report concludes:
"On the whole. the mine is looking
well, and while We have been unfortu-
nate in the a Of accidents and break
downs during the past six months. after
we get u new hosting plant in opera
ton We should, in a measure. be able
TO make up for lost time. The mill is
in good condition. doing very good work
and capable of handling 500 tons OF
crude ore per day. From June l. 1897.
TO June /. 1898. there have been 1876
tons of crude ore mined. which has pro-
duced 1858 tons of shipping ore. The
receipts for the sale of the above ore
were $500. 4i3. p: miscellaneous receipts
for the same period, SZ2S6.9 D.. making
a total of s4e2. 100. Is; operating expenses
for the same period. 1851. 59S Sc. leaving
a working profit OF Sill. 131 so. Other
expenses, including charge for new ma
chinery. permanent improvement. in
taxes. cts. s46.527. DC. leaving
a net profit. after deducting all expen-
ditures, of $64, 604 46."