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Show AMALGAMATED M BUY BUTTE-DULUTH Option Taken by Anaconda Copper Company With Price at $1,900,000 Special to The Tribune BbTTE Mont Deo 16 After bld3 ng agalnat tl e Guggenheim Interests the Anaconda Copper Minln? companj con tro led by the Ama gamated Copper com pany has secured an option on tl e B tte Du ut Copper con pany which owns e ghty acres of mineral ground east of Butte and -whlcl has sho-wn that -very 16 v grada copper can be mined -with profit and the meta recove ed by a leach lng process perfected by Captain A B Wo v n tiho deve oped the Butte & Su perlor property and In ested retu i s from that In the Butte Tn uth The price Is $1 900 000 and this la to be paid with stock Issued by the Ana conda co npany In exel ange for the stocks and bonds of the But e Du uth company according to rel ab e Inforn atlon Capta n "Wolvl bays bs estimates wi be found low when the company sends Its experts for the e am nat on The Butte Du uU has been la gely fl nanced by Capta n ovn and hs per sonal f ends ch ef y Butte men and t ey have In ested tn the property about $auu uuo The ground was often op oned to others b t exam nat ons resulted in for fe ted o t ons unt 1 Captain Wo vin from Du uth took the property o er for a comparative y sn all f gure and deve oped it nto a paj lng m n ng p operty M n nK expe ts and geo og sts 1 ave var ous v es mated the known depos t of ore as 1 gh as lo 000 000 tons running about 2 per cent copper Captain Wolvin evo ved and developed a leaching and an e ectro ytio process by which he produces almost pure copper at the Butte Du uth p ant at a cost of approximate y 8 cents a pound with pos fcibi ties of reduc ng the cost to about 6 cents The plant has been constantly en larged and addit ons are st II be ng made to it By the n dd e of January the com pany wi be ab e to bands about lo 000 ! tons of org per month It is hand lng at 1 present about 500 tons In Uovember the company produced about 18o OOO pounds of copper The ultimate capac ty of t e plant will be 1 000 000 pounds of finished copper per month Captain Wolvii has the reputation of ha ng done more for the de elopment of Butte m n ng than any other man s nee Marcus Day He took up the Butte SL Super or when It was a barren property and a fal ure and bu t It into the b ggest s nc e zinc producer In t e world When he turned control of it over to the present owners the Butte & Su perlor was a success and was paying an a erage of 6 1 cents an 1 our to e ery employee on i s pay ro L The Butte & Superior like tl e Butte Du u h was a most exclus ve y f nanced bv Capta n Wo v n and hs pe sonal friends If the option of the Butte Duluth Is taken up of wh ch t ere p obab y is no doubt Capta n Wo n w 1 turn h s ener g es to other prope t es n Butte He owns about 140 a es of neral ground north of he B te &. Supe lo |