Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1901-03-13
OPERATIONS
DURING 1900
THE ANNUAL REPORT OF THE
BOSTON & MONTANA HAS
JUST BEEN ISSUED.
SPLENDID SHOWING
MADE DURING THE YEAR.
Ore Reserves Increased zoo, 1000 Tons
Regardless Of Fact That Extrac-
ton Was Very Heavy.

Expenses. ......... 5049,124 5.2O2. 43l
! Net. S.192S52 6.O54S49
Net income ......$ S,161. 3S3 6,0o4 $40
Bonds mature Feb.
l for special con-
struction at Great
! Falls. 11416o3 *,5O04
\ m t. applicable
diN....... .........S 1,0l9,tS1 3,9I9,S40
DiVs. paid $43 per
share. ............ 6,450.000 $4,000
Surplus. ........s 569,7S1 S 579S45
The report Of the board of directors
says in part: 1T will be noticed that
the item. construction at Great Falls, in
the list of expenditures. has been in
creased 81. 093.5 13 over the figures given
in the last report. BY this expenditure
we have added over so per cent to cap
ocity of our Great Falls plant. and we
think SO large and important an eXpen-
Aiture should properly be added to that
account since Jan. 1, 1894. nothing has
been added to it, as the expenses which
have been comparatively small, since
that time would to some extent be OFF,
set by wear and tear and depreciation.
However, this is mere matter of book
keeping. as this whole amount Isl 093.5 13)
of expenditure has been paid from the
net earnings of the year.
The bonded debt has been reduced
from s73S,O00 to 100000. which indebted
ness will mature 500, 900 annually, be-
ginning Nov. L. 1902.
The dividends paid during the year
cloc Low =
the previous year.
law recently passed by the legislature
Of Montana, will be can only be told
after the law has been in operati some
months &c
The litigation in Montana looks some
what better, and recent decisions of the
I supreme court Of the state have been of
favorable character.
/ with our increased facilities for treat
ing material at Great Falls, our in
creased reserves of ore in the mines and
a steady market for our product which
now seems assured, we see no reason
Why we may not have so satisfactory
results in the future as in the past
/ Manager klepetko says in his report:
Regardless Of the fact that extraction
this year has been the largest in the
history of the mines, nevertheless the ore
reserves have been increased by 100000
tons. and aggregated on Jan. L. 1901, q
700. 900 tons.
Having the requisite capacity to treat
low-grade ores, and the price of copper
being at point to allow the mining of
these low-grade ores profitably, it is the
intention to make our product, as far as
possible. from these lower grade ores,
reserving the higher grade ores for future
mining and treatment, when the price
of copper may not be 50 favorable.
THE construction work at Great Falls,
Which was started in the fail of 1899, with
view of incre asing the capacity of the
plant, has been pushed vigorously
throughout the year.
The work is nearly finished in all
department. and we are now ready to
'reat 1000 tons of concentrating ore,
and from 300 to 400 of smelling ore daily.
When everything is finished, we will have
nearly double the former capacity of the
plant
This year, besides finishing work
already laid out, we must install en-
gines and boiler plants. 20 supplement
TO certain extent our water power.
We intend to install engines to drive
our COMMENTATORS, blast furnaces blow
D.
will amount to about 5000 engine horse
power. We expect to have this installed
by August This has been necessitat-
ed by our experience last summer and
this winter. Shortage of snow and rain
fall during the past year made the water
very low in all Montana streams and
rivers, and has occasioned, in our case
actual stOppage in certain parts of our
plant for days at time, on account of
lack of water to drive the machinery
The installation of the supplemental
steam plants will obviate such occas-
sional stoppages in the future, should
there be a repetition of such climatic
conditions.
The balance sheet as of Dec. 81, 1900
shows:
Assets
aCash and accounts receivable
at Boston, and "copper" silver,
gold and bluestOne sold, but
\ not paid Tor. ....................$56 39, 1O4
Cash and accounts receivable at
! 4 Butte... NEUTRALITY-SUSPICIOUS.. 2S,l1(
Supplies on hand at Butte. ....... 1873
Cash and accounts receivable
at Great Falls. .................. 1851
Supplies on hand at Great
Falls. Observation-Disclosures. 800, 49,
Total assets. SO, e12, ss;
! Liabilities
Accounts payable at
Boston. .......... .$l22,2o2
Accounts payable at
Butte. ............... 2O5,S45
Accounts payable at
Great Falls. =. 211,717
Accrued interest on
bonded debt. 1000
Total liabilities...... SAG, 81
Balance Of assets Dec. 81 1900. 81. 665, 81