Show L MINI AND STOCK REPORTS REPORTS BUTTE SUPERIOR HIS HAS DOUBlED ITS a. a S EARNINGS r- r V Durin During the shake hake up in labor circles cirdes S in Lt Butte Butto the Butte Butt and Superior company com com- pany has practically bc free from these difficulties which has caused some Borne of the mines to close down dOWD It ha has beenS been S able to maintain three shifts hift and either the men mon remained at work or there were others on hand lland to to take the places paces made madea a vacant nt b by those thoe shifting about This condition has enabled the company com corn pan pany panto to not only ony keep up us lU output but buta a considerable increase is reported It Jt is understood that the mill na has been treat treat- in ing an aera average e production of 1200 tons dan daily as compared to a pro previous lous high record of about 1100 tons This increase is is due to the ever increasing demand for spelter which bich has enabled the company to market all the zinc it could produce at a Ii considerable increase in price V Previous to the European trouble the average price of spelter for some ome time had been less than 5 cents a pound Butte and Superior was earning a fair profit at the old oid price as its cost of pro was held down to 4 cent i a pound and for short periods the cost was less Jess t than an 4 cents Its pro pro- Ills at the tho lower price was 1 about a a. ashare ashare share annually and its ih dividend requirements require ments arc are only 3 a share There was I no particular object to treat more than the average tonDa tonnage e while prices were so o low The mill capacity is rated at 1000 tons daB daily ami aUll yf if r recent t date the he plant has frequently exceeded a daily treatment of ur 1 ions tons Tho The company compan is taking advantage of the c existing conditions which has hii advanced ad the price of 1 cent a pound The outbreak 0 or of war mid tho the off of supplies from front Germany and Belgium not only raised tile the price but but- afforded ed an iDd inducement to treat tho Jar largest est tonnage possible Increased operations in the concentrator concen I rato m may W be he expected to show a sli slight slightly ht J ly y lower cn recovery but the grade ra rade c of or the he I product comin coming from Irom from the mine which during luriD the thc year car has been raised from 49 to more than 54 per cent will be main tamed It 11 w will ll be of great financial advantage ad ad- anta vantage antage e to the company to sacrifice a small mall percentage of oC recovery recover in order to treat a 20 o per cent greater reater tonna tonnage e. e Those who arc familiar with the company company com corn pany operations fi figure re that the increased increased in in- in creased production together with tho ad ad- vanco in price has bas doubled carDin earnings 8 The Tho company has bas just posted its third quarterly dividend for the tho year rear which i is 75 5 cents anc and it seems highly highl probable that the tho directors will order an extra disbursement for the holidays and pos possibly pos pos- sibly ihly the stock tock will go on OD a 4 1 1 dividend b basis lS during the f first rEt quarter of 1016 1015 |