The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1921-12-30
FOUND IN OUR
EXCHANGES
On the Verge of Better Times.

Mr.. John D. Ryan, chairman OF the
board of directors of the Anaconda
Copper Mining company, according TO
a report sent over stock market wires,
pave a very important interview FRI
dav to a New York newspaper, in the
course of which he is quoted as say
ing:
"For more than 10 months / AVE
been pessimistic over the immediate
outlook, but I have now changed my
view considerably. Business in this
country has shown marked improve
ment. Copper consumption in Ameri-
ca has been so per cent better in the
last quarter than it was in the first
half of 1921, and it may surprise the
public to learn that the copper con-
sumption of the world is at a rate
equal to that of the best pre-war year,
I1913. The outlook for 1922 is now
very encouraging. If Anaconda had
controlled the American Brass COM
pany during the last two years, a
great deal Of idleness and hardships
could have been avoided"
Ordinarily a person is justified in
taking statements coming by way of
Wall street with caution, but for the
Miners part it believes in this IN
stance that Mr.. Ryan has been correct
ly quoted, for the whole context of
the remarks credited to him bears
every ear-mark of accuracy and truth.
1t is good news to learn that a man
who is so intimately connected with
the copper mining and metal industry,
after having been admittedly pessi-
mistic for more than 10 months, can
now declare that he has changed his
view considerably and can see better
times ahead.
This undoubtedly is the feeling of
those closely associated with this big
copper concern, for one such Butte
citizen talked most cheerfully OF the
immediate future at a banquet held
here a few evenings ago, and it is
noticed that a high and responsible
officer Of the company, speaking be-
fore the Anaconda Rotary club during
the week, gave assurance that the
good people Of the smelter city would
not have long to wait before seeing
smoke pouring out of the giant stack
at the reduction works in Butte's
neighboring town.
Another thing that is worry of more
than passing note is that reference
credited to Mr.. Ryan that "If Anacon-
da had controlled the American Brass
company during the last two years, a
great deal of idleness and hardship
could have been avoided"
1t is generally understood that the
Anaconda company acquired the brass
concern in order to stabalize the min
ing and smelling industry of Butte,
Anaconda and Great Falls.
In other words, the belief is that
once the company's mines and smelt-
ers are reopened there will be no oc-
casion for closing them in the future
on account of a lack Of market for
copper.
Thus about the only thing that could
bring about a shutdown hereafter is
labor trouble and that is something
which no corporation or other employ
ers can control or guard against.
Aside from this important factor in
the situation, when the mines and
shelters resume that resumption
should be steady and permanent in it's
character, for a continuous use for all
the copper, and a very large part of
the zinc that Montana can produce,
now has been provided by the Ana
conda company.-The Butte Miner.