Great Falls daily tribune., 1920-05-20
Special to The Daily Tribune.

| Butte, May 19.-Features of the week
| in Butte mining circles was the issuance
! of the annual statement Of the Anaconda
| Copper Mining company, which corpora
ton after deducting interest and depre-
| citation charges earned only $5, JOB ,641. IL
! in 1919 and paying in dividends $9,325,-
900, digging into it's surplus to maintain
a rate of one dollar quarterly, and re-
ducing its surplus from 500, ,232, ,484.34 to
$62,011, ,125.45. Copper production of
the ANACONDA for, the past year totaied
1O3, ,759,359 pounds, as compared with
an average over a three-year period from
| January 1, 1916. to December 81, 1918,
| of 43.349.350 pounds approximately. a
reduction in output of 80 per cent. John
! d. Ryan, chairman of the board OF di-
rectors, in the course of the report says
| that advantage was taken of the cur
| tailed operations, consequent upon the
/ stagnant condition of the copper metal
market, to carry out extensive improve
ments at the mines in Butte and con-
struction under way at various plants
was continued and largely completed.
The South American undertakings were
advanced uninterruptedly, and all plans
of the company are in first class condi-
ton. During the past year 20.39 miles
Of development work were done in the
shape of drifts, crosscuts, wines. shafts
and upraises as compared with 41.S5
miles in 1918. The shafts in Butte were
sunk an additional depth aggregating
1,749 feet.
Reduction Works.
At the Washoe reduction works in
Anaconda there were produced in 1919
151,112,2S5 pounds of fine copper. 1871.
ounces of gold and of this output 129.-
ounces Of silver and AZ, 900 ounces
of gold were produced from the Anacon
da's own ores. No copper ores were
treated at Great Falls, except a small
tonnage, of copper concentrates from
Anaconda. The electrolytic copper re-
finery at Great Falls produced during the
year 129,022057 pounds of cathodes of
which 121 1898. .737 pounds were melted
into shapes at the company's wire and
rod works. At Great Falls there were
produced in 1919 electrolytic zinc to the |
amount of 4S,459.727 pounds, 1904 25l |
which were extracted 1928, AL pounds |
of lead. 5.157.220 pounds of copper, |
2,2S2, ,955.64 ounces of silver and 7,15O.10 |
ounces of gold
The Anaconda's rod and wire plant at |
Great Falls had busy year. 43.241 .491 |
pounds of copper being rolled into rods.
33'419.o0S pounds. being manufactured
were made into strand
fn0Spndt6 ueVelOpment.
The Anaconda company is developing
vast beds of phosphate rock in territory
acquired in Caribou county. Idaho, and
near Garrison, Mont, according to the
report. which indicates that the company
is looking forward to the building up Of a
large industry in this connection, quite
apart for it's reduction of copper and the
other metals. The Idaho deposit is found
near Soda Springs, it being estimated
L NhNH4 IL
either is in sight or Indicated rail-
road spur will be constructed from the
Oregon Short Line to the deposit dis
tance of about seven miles The Garri
son deposit has not been determined as
to size, but the indications point to a
large body. Plans have been completed
for the erection of crushing plant at
the Idaho deposit and for townsite.
During the year the consumption of
copper in domestic business. says Mr..
Ryan. rapidly has increased and. since
the first quarter has been conducted on
a scale far in excess of any previous
peace time period The resumption of
export trade has been disappointinsly
slow and while it is believed that urg-
ent demand exists for all the copper
which could be produced the problem
incident to financial and political re-
establishment of the European countries
have been the limiting factors in The
volume OF business transacted. II
I. W. W. Disbarment
Decision of the mining companies alb
solutely to bar the /. w. W. from en-
ployment is meeting with the approha
tion of all conservative leaders of labor
in the Butte district and by the business
element is regarded as a step which
should have been taken years ago in an
effort to prevent the radicals from max
ing Butte their haven where they could
work long enough to save a few pennies
before they would start their agitation
and strikes with periodical regularity.
Butte rapidly is approaching the open
shop basis and the public is becoming
heartily sick of being dominated by a
handful of radicals in the various unions,
arbitration and agreeing to moth
ing but absolute compliance with all their
demands. The labor situation as it per-
tains to the mines is showing improve
ment despite the shutdown of the street
railway system in consequence of the
strike of the workingmen's union. The
teamsters union may strike, but the
lnadarc sppear opposed to the