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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jan 17, 1916
Page
12
Anaconda Copper Mining may shut down the Butte mines due to severe cold and slow smelter processing. ore piles up as smelters struggle to handle output. dumping into cars and transport to Anaconda and Great Falls faces delays. A one to two day shutdown is possible to prevent freezing and equipment strain.
An Anaconda smelter district reports colder temps than Butte and Great Falls breaking records amid a cold spell. Officials say mines are fair but smelters struggle, and production may be cut if warmth does not return.
The annual meeting date for Butte Hill Copper Mining Company was moved from Wednesday February 18 to Thursday February 17 at 4 p m. A special stockholders meeting will be held in room 419 State Savings Bank Building to elect a board of directors not chosen for over a year.
Reported delay in railroad work brings Keating Gold Mining Co to consider building a concentrator at Radersburg to treat low grade ore blocked out in the district. Project aims to extract gold values from $2 to $10 per ton as high transport costs and 11 mile haul limit profitable shipments to the smelter at Helena.
The Iron Blossom Mining Co declared a quarterly dividend of 28 cents per share payable January 25 to stockholders of record January 15. The company has 100 shares outstanding, with earnings reported for November at $2.10 and December around $18.00 per ton, suggesting potential for a higher or restored 28 cent rate by July. Copper ore deposits and new winze work at depth signal strengthening output, while the Hindenburg mill in the Argonnes supports German trench needs and furniture production for front-line shelters.
Anaconda Copper Mining Company and executives foresaw a refining capacity shortage that could curb copper supply. Planned Great Falls refinery expansion to 18 million pounds per year aims to avert bottlenecks, with capacity comparisons to Raven Park and Perth Amboy works emphasizing the urgency of boosting output amid rising demand.
Oil dispatches report rising gasoline prices across the East with increases in New York Long Island and Philadelphia. Elk Basin Oil promotes stock interest in Montana, promising dividends as it taps the Midwes tine and markets its product in eight months.
At the Pan-American Scientific congress in Washington from December 47 to January 8 Walter Harvey Weed discussed a paper titled Copper In America. It traces copper’s historical development, geological occurrence, and its influence on economic geology and mining technologies including refining and froth flotation.
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