Bisbee daily review., 1915-08-15
ANACONDA HAD BIG
INTERESTS IN CHILL
ACCORDING TO RYAN
Head Of Big Copper Company
States That Since Dissolution
Of Amalgamated Company Will
Be no More Active Expansion.

in Butte on his periodical trip Of in
spection.
The Anaconda company is expand
ing" he said, land since the dissolu
ton of the Amalgamated Copper com
pany it will conduct a more varied
and extensive business than ever be.
fore
1T is carrying on development OIL
properties in Chill that promise to be-
come important. As matter Of
course, it will take some years to de
velop and equip these mines to a
point where important production may
be expected.
we are also inspecting properties
in Montana outside of Butte, and we
hope to find new opportunities for
development here.
! I'VE are planning extensive work i'm
the development of some of the older
Butte mines for their zinc as well as
/ their other metal values, and our
Imetallurgical star has made consid-
cradle progress in the experimental
treatment of the elias of ore we viii
have to work
/ "All our improvements planned and
announced last December are well un-
/ der way and in partial operation suf-
icient TO satisfy us that the economies
promised viii be more than realized
While the present demand for the
copper metal is not as active as it
was in June, the industry says Mr..
Ryan, is on a very satisfactory basis.
In June we had one of the largest
movements Of copper that ever tool
place. Probably more copper was sold
In that month at the level of hiel
prices than in any other single month
when prices were good
There have been months when the
foreign dealers stocked up on II and
12-cent copper, when the volumes of
sales was greater perhaps than in
June, but in no 30-day period was
more copper ever sold by American
/ producers at average or above aver
T. age prices.
Since then there has been a Wu
in theb uying, as inevitably follow,
any such big movement The larg
est consumption OF copper is for war
uses.
The change I'm the British govern
ments munition organization took
placei n June, and the new minister
Of munitions undoubtedly has to go
into things and satisfy himself that
the buying is being cared for prop
erly before placing further orders
THE orders for munitions viii be
larger in the next three months thar
during any previous time since tho
war began.
THE inquiries for copper are very
large and / am satisfied that any con
Icession in price will bring very large
business. / expect TO see very good
buying of metal before long around
present prices.
The domestic consumption of cop
per is nothing like normal; probably
: not more than $50 of normal but
. the manufacturing of copper in the
United States is undoubtedly going on
at greater rate than at any time in
{ history.
"Of course the demand for war ma
terial is going to continue as long az
the war lasts, and there are contracts
which may continue beyond the time
when the war ends, because they may
not be filled completely before that
time The contracts will hold and
] win be completed after the war.
f There are governments, for ex
, ample, which have entered into con
tracts with certain manufacturers for
supplies The manufacturers In some
D cases have to put up plants to fill the
, contracts, and It may take two years
for them to complete these contracts
and there ought to be such a revival
Of business in this country before that
time as to greatly increase the demand
for copper from other sources.
u with Germany coming into the field
II again when the war is over it vii
want great quantities to replenish hel
stocks for manufacturing purposes and
u to start up her plants.
y 81 don't look for any falling OFF il
the demand for copper The end o
the war must work a sharp reyiva
y in general business There are sign
ID Of its revival in some lines of business
e already.
o.. steel hass hown a marked improve
" ment during the past go days and nov
D. practically all the steel plants in th'
o. country are running at capacity. Il
general, however, business is not baol
anyway near to normal
There is still much depression, a
he is indicated by the amount of i'd
! money in the country's banks. Ne'
er before has there been so niue
ps money that the bankers have no
81 been able to put to profitable use.
o. when this country gets going an
doing normal business again, the cor
OF sumption Of copper. in my opinion
On vii be greater than has ever bee
known"
a number Of awards have been mad
to the Anaconda company by the jur
OF awards of the Panama-Pacihc il
40 ternational Exposition, including
gold medal Of honor for an exhibit {
copper from mine to the finished pr