New-York tribune., 1917-07-11
Relevant Facts

Anaconda Copper-More than $4,000
names are listed on the books Of the
company as stockholders, most of whom
were shareholders of the old Amalga-
mated Copper Company. Directors, ac-
cording 10 a compilation of "The Wall
Street Journal" have comparatively lit
tie stock in their own names. The larg-
est holder of record appears to be the
Big Blackfoot Lumber Company, sub
sidiary, with 16,O93 shares. John d.
Ryan. president, is credited with $50
shares. b. 3. Thayer, vice-president,
has Ia; II. II. Rogers. son OF the found
er of the old Amalgamated Copper
Company, and a director. is down for
only 10 shares; William Rockefeller,
credited with being the controlling
spirit in the present company, has only
81 shares in his own name. His son,
William G.. Rockefeller, has 4,373
shares, and his son-in-law. Marcellus
Hartley Dodge, who is head of the Rem
, ington Arms-Union Metallic Cartridge
Company, has s,684 shares. Other large
holders, with the amounts held, are the
late John d. Archbold, 1000 shares;
w. Bourke Cochran. 1000 shares; W. f..
Corey, 4,3S3 shares; James A. Farrell,
1000 shares; Z. S. Harkness, 2,625
shares; W. L. Harkness, $3.50 shares:
estate of Anthony n. Brady, $500
shares; c. w. Hardness, S,1O0 shares,
and August Heckscher. 1000 shares.
Springfield Body Corporation.-A COM
mittee of stockholders, of which Spen-
Ger Waters is chairman, has made pub
lie plan for the voluntary readjust-
ment of the company's financial struct-
ure. This provides for an additional
S64O,OOO new 8 per cent first preferred
stock, Of which $4,000 will go to pres
ent creditors. The balance is expected
to be taken by holders of the old pre-
ferred stock 10 the extent of 25 per
cent of their holdings at par. The COM
mon stock holders are asked TO give up
90 per cent of their holdings, but they
may subscribe TO new preferred stock
The old preferred stock holders who do
not subscribe TO new preferred must
sacrifice % per cent of their holdings.
The present preferred stock becomes
second preferred. Creditors of the COM
pany, whose claims amount to S420. 900.
are to take one-third cash, one-third
in new preferred stock and one-third
in one-year notes. On May 10 the COM
pany had current liabilities of S6S3 900
and current assets of 100000. The
company's financial difficulties are at
tributed TO the falling off in the de-
mand for pleasure automobiles, for
which it makes winter tops.
Butte Copper and Zinc.-In a letter
TO stockholders Albert j. Seligman.
president. announces plan TO increase
the company's capital stock by 100000
shares Of So par. making a total capi-
talization Of 100000 shares. The new
issue will be offered to shareholders
and voting trust certificate holders as
OF record July 81 on the basis of one
share of new stock at 81 a share for
each five chares now owned. The $780,
900 thus raised is TO be used mainly TO
acquire properties adjacent to the pres
ent mine, which is leased by the Ana
conda Copper Company, the purchase
price having been fixed at about
S63O,OOO.
Butte and Superior Mining. - The
company reports net earnings for the
year ended July of $3.941, ,756. against
SlO,f9I,O79 for the previous year, a de-
crease Of S6,555.323 The East Butte
Company reports net earnings of ST.
2o1,2l3, an increase of 100000.
Western Union.-For May the COM
pany reports TO the Interstate Com
merce Commission operating income of
100000, against Sl,340.4ls for the cor
responding month of 1916. Operating
income for the five months ended with
May was $7,3l0,14l, an increase OF
S63S,2i5.
Spelter Production In I9l6.-The pro-
duction Of spelter for 1916 was 6s3. 00A