Bisbee daily review., 1915-11-21
TREMENDOUS STRIDE OF ANACONDA HAD
 FOR YEAR AND HALF
Most Sensational Development Has Been Successful Working of the FlOtation Process for Extraction of Copper.

VT hiC iVNuhuil ObJoo lui
 Extraction of Copper.
 Only those in closo touch with the
 operating end appreciate the tremen.
 dous strides made by the Anaconda
 company in the past year and a half Never before in the same period Of
 time have SO many important develop.
 ments taken place in the affairs of the
 company calculated Co soldify it's in-
 yestment position
 Perhaps the most sensational de-.
 velopment has been the perfection and
 economical adoption Of the Notation process whereby instead of a 78 per
 cent recovery of the mineral values
 in the ore 90 per cent yield is ob-
 tained. This also means that an enor-
 nous tonnage of low-grade ore is made commercially available which. under
 former conditions. could not be mined
 and treated at a profit So revolution
 ary is this process that the company's
 management figures that it will in two
 years return in additional savings tho \ S4.OOO,O0O cost of changing over the
 concentration. All first and second class ores will be treated by this pro
 cess and the capacity of the mill in- \ creased from 12.500 tons to 15.O00 tons per days
 | President Ryan still maintains | discreet silence whenever he is asked
 what reduction can be made in oper- ating costs per pound of copper by reason of the improvement recently ! put into effect says the Boston News Bureau He merely reiterates what
 he has previously several times as- serted. that Aanaconda could for i period of five years. if it so desired.
 show a cost per pound of copper low CT than can be shown by any mining property in the country, but he adds
 that it would take five years more to make good the damage which such a policy would inflict In other words the management Of the Anaconda is concerned primarily with the mainten- auce of adequate ore reserves and the making of maximum recoveries at minimum treatment costs-per ton of ore
 In the United Metals Selling compa- 1. my Anaconda has an asset of very substantial value This company maintains branches in all of the im- !. portant European countries and its . agents are brought into close and di-I rect connection with the foreign con. . sumers. The value of these c0nnec- . tions has been demonstrated during the past year in no uncertain fashion .
 Much is heard concerning the em- barrassing shortage of ocean freight room on the part of those copper ship pers who are finding it next to i'm. possible to secure vessels for the shir ment of export copper The United Metals Selling company, however. B meeting with no such difficulty Soon after the outbreak of the war confer ences were had with the steamship companies and the Metals Selling company quickly recognized thr d.ri culties which encompassed oceae transportation and gracefully acqui- esced in the making Of contracts for future transportation on a very much | higher scale of freight rates. It thus fortified itself against the embarrass- ment which many shippers are now experiencing and,was a stroke of bus mess which meant whole lot in pro tecting the company's foreign trade
 At the present time the Metals Sell ing company is getting close to 1888 to IS 1-2 cents net for electrolytic cop per sold for export. France is in the market for very large tonnage and has been conspicuous buyer in this market during the past few weeks.
 Anaconda is practically sold up to the end of the year. In other words an of the copper which it can market between now and January 1 has been contracted for It reports a very strong demand with sales proceeding in orderly fashion-some days 1,000- 900 pounds some days 3O0OOOO and { 100000 pounds being taken. Its sales SO far this month have exceeded 25.- oO0,O0O pounds.
 One of the reasons for the strength Of Anaconda Copper is that share holders are expecting an increase il diymend at the directors meeting in December The last quarterly d'vi- tend was at the rate of S1 a sEare quarterly It is estimated that Ana couda is now earning at the rate Of over $25,0OOO0O annually or more than BIO a share.
 Inspiration Copper. a large interest In which Is owned by Anaconda, on Inc production of l2O. .OOO. 900 bounds is also expected to earn ] more than $1Q a share Dividends on Inspiration are looked for in the early [ part of next year-Anaconda Stand ] rd