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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Aug 14, 1912
Page
17
The Anaconda Standard reports a new concentrator near completion at Butte Central Copper Company above the 300-foot level. It promises high recovery with cyanide treatment, processing ore containing silver, gold, copper, lead, and zinc. Expected costs and potential dividends are noted as favorable.
Progress on the Butte Cent concentrator continues with the plant now fully enclosed after last week’s photo. Built by Bothwell of Denver, the first unit will extend to Colorado street and finally reach 590 to 600 tons per day, handling large ore tonnage of silver and gold.
The Easterly stock markets showed strength with copper shares leading gains. Amalgamated rose above 85 and closed at 54, the week’s high, while Anaconda touched 44 and others remained active. Mayflower, Old Colony top volume, Paine letter notes ongoing demand and rising confidence.
The Carnegie Alaska Siberia expedition photographs premiere at the Empire tonight. Capt Schmidt captures polar wildlife and Eskimo scenes, including a mother bear rescuing her cub. Notable images feature polar bears, seals, walruses, moose, caribou, and mountain sheep amid arctic life. Separately, Mulai Youssef arrives in Gibraltar en route to France with a large retinue after his brother Abdul Aziz abdicated Morocco.
Tests show experimental machinery not necessary as large scale metallurgy is established in Colorado California and old Mexico. The Ophir at Butte advances with a 500 foot level drift penetrating a fault and aims to reach rich ore bodies within a week. Engineers estimate 1 500 000 tons of ore in sight valuing about eight dollars per ton with copper and gold. The project expects Ophir to become a major copper producer with deeper mining.
Paine Webber and Thomas Hall filed for injunctive relief in New Jersey, restraining United Copper, United Copper syndicate, Assets Realization, and related parties from foreclosing or disposing of assets tied to a $1,000,000 loan. A receiver petition was included. hearings scheduled for Sept 23 to address a permanent injunction and receiver.
Washington reports a resolution by Senator Kenyon calling for a broad inquiry into Interstate Commerce Commission practices. The inquiry would examine rate making schemes, burdens on the public seeking relief, local discrimination by carriers, maximum and minimum rate rules for low grade freight, unaddressed evils, needed legislation, and the role of wharves and rail terminals in regulation. The news item also notes probate actions in Laurel and cattle price records in Chicago, plus unrelated mentions of land prospects and local ads.
Denver August testimony in the government suit against the sugar trust uncovers a side agreement in 1904 by wholesale grocers' association to rebate losses incurred previously. Letters from 1904-192 to Western Sugar and related firms suggest efforts to consolidate Colorado plants into the Great Western company and to hide the trust's real interests. Witnesses from the Colorado Wholesale Grocers Association and others describe contracts drawn by John Parsons and subsequent absorption by Great Western, with Sterling residents testifying to sugar factory efforts and anti-competition moves in 1902 and 1905.
Sam told ome cities of the Northwest demand that save mixed with molasses actually being sold on the market for $20 ton. N. H. Cottrill of Manhattan, Neb, told the convention of the national alfalfa millers' association today. The demand for alfalfa meal has grown to such an extent in the last few years that more than 100 mills are unable to keep all orders filed.
New York reports Secretary MacVeagh asked Louis P. Bryant to resign as surveyor of customs at New Orleans for the good of the Service. Bryant says the bid comes from his strong support of Colonel Roosevelt and cites political motivation behind the move.
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