The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-05-15
FINANCIAL.
COPPER IN MONTANA.
EFFECT or MINNIE HEALT DECmION
ON HEINEE INTERESTS.
UNITED COPPER COMPANY.

The situation OF the copper interests ~ Butte
Montana the centre Of probably The larEssi copper
Industry In the world, does not seem 70 b olea y
Understood, The interests practically on the on,
side belong 70 the Amalg AmAted Copper Company
which some years ago purchases FROM Marcus
DAILY and his partners the AnAconda, the Boston
and Montana and other properties, while on the
other side are what is known As the HeinEs proper
ties now owned by the United Copper Company.
The recent decision In the Minnie Healy case
by the Supreme Court OF the state Of Montana
has settled nnally 10 favor Of the United Copper
Company the only case In which the titles 10 their
ground has been disputed. The result is that the
United Copper Company, represented by 2 Angus
tus HeinIe IS the undisputed owner OF the rich
est properties in Butte. The night has been long
one and has been against the enormous power
OF the Standard on and the AnnalEtmated, and
has been watched With the keenest Interest from
one end OF the county 70 the other. The spectacle
OF one young man standing out Alone against the
great power Of William Rockefeller and II. II.
Rogers, and nnAlly sucoeedtnG In the Court Of last
resort In Montana, Is one which has Attracted the
admiration OF the whole country. aud even Of Eng
land and Germany, and s great tribute 10 his
courage and ability Mr.. heihGe V man who,
even his opponents admit has the qualities OF
disputed Integrity, absolute fearessness and q
thorough knowledge OF the copper business,
The United Copper Company hAs now a pro-
ducton OF thirty -six million poandt OF copper
per Annum from undsputed groind Of I've own,
upon which mere u a mel PROM hnder helnLe's
MANAGEMENT OF over nve oentt per pound. This
production since the Minnie Healy decision will
be increased 10 about fory-threo million pounds
per Annum In about thirty days. which win amount
70 over two million dollars per annum net nront.
The United Copper Company has $50 900 In the
treasury. and IL able 70 declare dividend on the
common stock this month. The amount OF ore In
sight owned by the United Copper Company is
go 900 900 net and upon is capital OF hve mil
lions preferred stock and fony-0ve millions OF
common stock. II certainly. under present oondi-
lions, should stand amongst the greatest OF the
copper producing companies Of the world. The
success OF this corporation has been due 70 the
earnest fighting qualities. the thorough knowledge
Of the economic production Of copper, and the
reputation for personal Integrity OF Mr.. p Angus
HenEe who is the president of ne company, and
who devoteS all his time and energies 10 the actual
management Of this corporation At Butte.
The common stock OF the United Copper Com
pany stands to-day on the New YORK Curb a. less
than t1SOo per share: par value $780, II is obvious
that Il IL now worth lntnnsioaIy above 1900 per
share, and will doubtless reach this point within
sixty days. II is, however. expected 20 70 much
higher on the increased earnings since the Minnie
Healy decision and the impending dividend on the
common stock.