The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-12-31

high figure. and the assessed valuation
OF silver Bow county, of which Butte Is
practically the whole, is. in round num-
Ders, about SOS 00O, 900. 1t is safe to say
I that this represents not more than one
third OF the actual value, which may
be placed at ss5.O00.OOO to $50, 600. 900.
The mines are not included in the
assessment except TO the extent of the
surface improvements. The enormous
ore deposits are no. taxed
Inc anaconda company is represent
ed by 100000 shares. now quoted 3D.
proximately at $50 a share, which
makes an aggregate of 500. 0OO,O 900 for
that company's mines. The Boston &
Montana has 100000 shares, quoted at
$500 a share, making total of S52, $780,
VO0 Tor that company's properties. The
Suite q Boston mines are valued at
Sl5.0O0,OOO, the Parrot at S11 500. 00O the
colorado properties at 81 800 900. The
Montana Ore Purchasing company is
organized with a capital stock of $4,000
SHARES, valued at about IS. 600 600, MAX
ing grand total of the properties re,
ferred to of $147. 100000 Only a. limited
quantity OF the stocks are on the mar
ket, most of the shares being in the
hands OF persons who are holding them
as a permanent investment, and who
would not think of selling them at pres
ent quotations. 1t is practically certain
tnat the properties named could rot ba
purchased for anything less than S175,-
600. 900.
Then there are other valuable mines
The Colusa-Parrot. the Stewart and
other Clark properties, besides the
Spectator, the Alice, the Lexington
and many smaller ones. To lump these
at S10,OO0.000 would be a modest esti-
mate, but would raise the total valua-
ton of mines to s1S5, 900 900. and adding
the valuation of the city proper. S75.-
100000, the total valuation of the dis
trict is $3.50, 100000 Deducting from this
s10.00O,OOO for Implications, there re-
mains an even S250.000 600, or about
$4,000 for each man. woman and child in
Butte. What other community of
$4,000 in the world can make such
showing?
Amalgamated Company's Plant.
Marcus DAILY. president of the ANAL
gamated Copper company, in an inter-
view, stated that the mines of Butte
would be worked to a greater extent
than ever, and that the developments
already made uncovered sufficient ore
to keep operations going for fifty years,
and preparations are going on to do
more extensive development than
has ever been known in the
district The mines of the An
conda company, now a part of
the Amalgamated. and the smelters at
the city of Anaconda, comprise the
largest mining plants in the world. The
reduction works at Anaconda consist of
four separate plants, which are known
as the upper works, the refinery, the
lower works and the converter, cover
ing ground for distance of a mile and
half. The upper works are a fully
equipped smelling plant comprising a
concentration for crushing and concen-
tratinS the ore, roasters and matte fur
naceS. The lower works are of the
same character; the converter takes
the matte. which is about 30 per cent
copper. and reduces it to pig copper or
annode plates, about 9S per cent fine,
while the refinery. as the name signi-
fies. reduces the annode plates to a
condition of practical purity.
The concentration has a capacity of
over 1900 tons of ore a day. The Tower
works is the largest smelter of the
company, and is one of the largest in
the world.
Notwithstanding the low price of sill
yer, several big silver mines in the
state which had been idle for several
years have started up. and the outlook
among the silver mine owners is again
encoura ging. The mines of the Gran
ite-Bimetallic company. near Philips
burg, probably the largest silver mines
III the state, are constantly increasing
their output and the number of men
employed, and the towns of Granite
and Philipsburg. which had been prac-
tfcally deserted for several wears, are
again prosperous communities On the
other hand, however, the famous Elk
horn mine has recently been closed
down, the owners claiming that owing
to the low price of silver, the property
had been operated at a loss for four or
five years. The mine was about. the
Only thing that maintained the town of
Elkhorn. and in consequence of the
closing of the mine the town has al
ready been practically deserted. and
the Northern Pacific has abandoned Is
branch road TO that place.
Gold mining has very much increas-
ed in the state during the past year.
and a number Of new and rich dis
coveries have been made, while a num-
Der of the old placer beds which, it
was supposed. had been worked out
years ago, are again being worked,
and are yielding great riches.
1t is estimated that the value of the
states gold production this year will
exceed S7000O0O, its silver about $780,
coo, 900, it's copper $4,000, 900, and lead
about 100000. Last year the total
+ + 4