Show BIG SALE OF SPELTER L standard anaconda Dion montana tana the butte superior mining compy company for the de has just concluded a contract at 13 i livery of pounds of spelter calls for the cents per pound the contract pounds po of delivery at an average TO T per month for the next five months is the largest contract at these thes e pric pria e 5 where re delivery belive made the company lias has ever of time tina length was spread over such a in addition to this information alider it H t is i la und cames direct from the company 01 inon the stood that the wage scale for t may is to be based upon the theory the average price of copper for may of S be above 17 cents and the wage scale a f for the miners will be on the basis of 4 k day for tile the men L per this will mean the largest payroll by far in ill any one in month bilth that this company has ever paid in ill butte between 1100 and 1200 men are emt boyed aloyed at the blackrock Bc Bac krock mine and the butte 4 i superior mill and the news that contracts for five months ahead have been made at the prevailing high price of spelter 1 t means much to the employed emp loyes of the company 4 every indication is that the coming summer will be the most prosperous butte lias has ever known butte superiors report of operations for the three months ended march 31 makes an extraordinary exhibit with profits of s 1 r or at the rate of 17 per share per annum on a spelter market which averaged for the period in question less than r 8 cents per pound 1 some conception of the companas comp anys ex tra ordinary profits for the current quarter f may be had when it is known that it is making sales as far ahead as next septem 1 ber at very much higher prices it goes without saying that the operations for the quarter ended march 31 surpass all previous records in point of net profits volume of output and low operating costs A little figuring makes it evident that the company for this period produced pounds of spelter or at the rate E of pounds per annum making it by far the largest single producer of spelter in the world As the butte superior company has no smelter of its own and under ordinary conditions sells all its product in the form of concentrates to the american metal company it is not an easy matter to figure just what its spelter is costing especially is the calculation made difficult by reason of the fact that at the present time the com pany is treating only a little less than half its concentrates at the smelters shelters sm elters of the am J zinc lead and smelting smelling Sm elting company and selling this spelter direct it is sufficient to know however that elt on 8 cent spelter the company can earn 17 per share from this it is argued that at I 1 the forthcoming meeting of the directors ithe latter part of this month it is reason able to expect a dividend including the extra of at least 3 per share this ext pec tation may be modified however if it develops that under the smelting smelling sm elting arrange ments with the american zinc lead and smelting smelling Sm elting company a very much larger 8 working capital is made necessary A dividend of 3 per share 75 cents reg ular ul lar and 2 25 extra would call for t on the companes comp anys shares |