Bisbee daily review., 1913-07-06
General Mining News.

shows that with copper selling at Is cents a pound the Anaconda is earning | is submitted to the assessor for tax
 able purpose and the company will
 pay to this county this year taxes
 on S11.446.SO1.
 The repor contains many isterest- ! ing facts as showing the immenseness | Of the operations Of the company. For instance the amount of money expended for labor alone was S15- k059,335.0S and there was paid out for machinery and necessary supplies l$l1,722.e63. There was paid out for the transportation Of the ore to the smelters Sl.369.S4S.86. while the freight. marketing charges. including seaboard refining and selling charges
 amounted to over S4 .500,OOO The cost per tou for extracting the ore B placed at S4 035, cost per ton for
 transportation S.032, and the cost of reduction Der ton sLS75. During
 some of the months since last July
 the Anaconda company paid it's nm
 CTS S4 day and during other months
 S@-75, the rate varying according to
 the price of the red metal. Should
 the price of copper go below I5 cents a pound the wages go to S3.J0 day,
 but the company has not often in the
 past taken advantage or a slight de cline below the agreed price and
 there is no reason to believe that 1t
 will in the future.
 In view of the remarkable showing being made by the North Butte com pany during the past few months i;
 was expected that the company would make good showing in net
 proceeds. but it was hardly expected
 that the amount would exceed s1,OOO,- 900, whereas. as a matter of fact, the exact figures for the year were ST. Gl3.046.13. The figures submitted show that it cost the company s4.2O2 for the extraction of each ton or ore, while the transportation per mile 10 the place of reduction was S.1191 per ton. The cost of reduction was
 S3 6003. There were 45l ,29777 tons of ore extracted of gross value of $45.2I9.15L77
 The net earnings Of Tuolumne for The year ending June 1 were SS3.579. SC. which Is 8 little more than the diyidende of 10 cents a quarter. There were 47,071.S4 tons of ore mined of a gross value of S5O9 ,536.76. The cost per ton for mining was S5.26 and the cost of reduction per ton $2.y7 The total cost of transportation wa $ $5,64S.62. There was expended for labor SlS1 ,029.5G: for machinery S2,- 73l.02. and for supplies s96,156.30, Inasmuch as the Tuolumne company was doing a large amount of develop ment work this considerably reduced it's output in the past few months. I IL was not expected tha it would show net earnings of any amount, some people being Of the opinion that 1t was hardly earning it's dividends.
 Some of the annual mining reports gre rather indefinite and unsatisfac- tory. Among these is that of the Butte and Superior Mining company, wh .ch was filed with the tax authori- ties a few days ago. Some of its costs are evidently duplicated in dif- Ierent items. so that 1t is almost i'm possible to determine the actual coss and earnings. Apparently the cost of mining, smelJng and tTausporta- ton charges of the Butte and Su- perior is $9.42 a ton, against gross value of $lO.4O a ton for the ore mined, leaving a net profit Of 9oI cents a ton or the ore handled or al total on the year of but Sl66,2SS.54. The items i nthe company's report .follcw: Tons Of ore mined. 169. 6S3 value per ton S10.40; gross value, SI,T64, ,70320; cost per ton for mining,
 s3 S3: total cost for mining s64e, ,396.- 30: cost of reduction per ton, sS-Si; total cost of reduction, S972, ,450-25; paid for freight per ton. s2.25; total paid for freight, 3S2, ,69S.S6; cost of labor, s633, ,236.03; paid for machinery, | S1i3.52S.09; cost of reduction works, idmprovements EFT OAI. ar5, 5,tTAO!N l33SI70.92; Supplies, $5S0, 729.4O; Improvements, buildings, etc. $zSo.. ! 2OO24.
 The East Butte Copper Mining ! company made better showing, ac- Icording to its annual taxation report 7 The items in the report follow. Tons
 of ore extracted, Ii9.96s.2O; value psr ton. s19.36: gross value, $2,14S, ,796,2G |; i cost per ton for mining. $4.s0; total
 cost of mining, s5S2, ,777.11: treatment ' per ton, S4.S7; cost of reduction per
 ton, S4S7; smelter charges, S2S2.- | lS4.02: total cost Of reduction, Sl,0Sl,- ! So3.S3; machinery and supplies, i s5I7, ,39S.64; fire ght, S25S, ,sS2.49; net g proceeds, $517,393.64.
 The Davis-Daly Copper company, which has teen reporting fabulous | strikes in its mine for some months,