The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-05-23
REASON FOR THE
ANACONDA LOSS
Profits During Year Represent
hut Nine Months Earnings
From Purchases.
REPORT Is NOT
THOUGHT ADVERSE
Company Planning in Many
Ways TO Reduce Future
Operating Costs.

Tne following comprclHnslNe aH'INs s''
~ the late Anaconda Copper company
report is given by the bulletin service
of Thompson. Towie II Company Of Bos-
ton.
Al frs, glance tic Anaconda report
iusy issued for The year 1910 does not [
sSe fRss ed@T Of $500 is sSW SHOWN after
The payment OF dryidends FOR the year,
hut OH closer ANALYSIS IL - seen that tllc
particularly in The last six months OF The
wear when working under the hcnehts OF
consolidation q profit Of Si.21l, l,ol% was
made In tho face Of curtailcd proouc-
tion and lower metal market
Earnings of New Mines.
During The wear The company increased
us Capita stock and acquired various
was not until April | that operations of
tho different companies passed under inc
direct mana cement of tho Anaconda com
panN. 50 that the profits OF The year
from Inc purchased properties. blVl-
dends paid during the wear amounted 20
SG.93n 400. Total net profits amounted 10
SEQ. .o02. a. leaving a deficit OF 81 2V9 V?S
The surplus as of December 81. 1909.
amounted to ti.87a,2i6, leaving tho profit
and Joss surplus December 81. 1910. So
t701iS.
There YVES produced bv tho Anaconda
coiGpauv 2g2 SoS.5IG pounds Of copper, s.
"5&.32, ounces of silver and Io.l,9 ounces
nt gold The production Of thc otnct
companies during the year prior TO inc
consolidation brought The total produc-
lion at anaconda and Great Falls Re-
duction plants M tu 266. SOS. i6l pounds al
rnppci g5%f XSS ounces Of silver and 81
Yer and gold amounted to S%p.Sl",'NN As
the profits for the year are figured on
the metals not only sold but actually
delivered. and AS deliveries did not equal
productions = profit which should have
heen realized the past year VIII not ap-
pear until 1911.
Developments Of Year.
During The wear there were many Inn
portsnt developments both in HE ore
bodies underground and In tho extensive
equipment OF the properties FOR moro
efficient operation. Developments in the
mines we're particularly favorable az the
Mountain Consolidated. Diamond. t1gh
orc. Original. TrsmNay. Mountain view
Leonard. WeSi C"usa and the Badger
Stale where in nearly every case abso-
lutclv new orc bodies were encountered.
the yejus showing more than average
width and containing ores of eNcepuonai
grade As n result of these developments
= very hcaNv tonnage Of ore. in excess
of the amount extracted WAS added 10
The ore reserves during the wear.
The improvements in progress. namely.
the insigllatI of q compressor plant for
hoistins hv air. tho application OF cleo
triciv 10 pumping and underground
GaulaGc. ihe Capitalization OF hosting
piants. and many others. will mean
couSId erabie reduction In oncratinG costs
The Anaconda comranN during the last
six months oi 1910. with profits Of more
ihan $4,000 600. made very Sood show
ing This period comprised practically
The 1uonjhS i'm which curiailment WAS IN
progress. Cor, decreased production was
begun in Juy and continued throughout
ihe wear. The Tcport does not show the
pounds of copper sold during the year
nor the price per Mound. We understand.
however. that the latter figures were
probab bly Is much as All eighth of q cent
pound higher than the average quota
lion Of the metal for the wear. and ii the
company had sold all Of the copper pro-
dured the deficit wuiild have been re-
duced 10 n very small figure.