Word: anaconda
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...Anaconda Copper Mining Co. last week voted to increase its outstanding capital stock by approximately 40%. Income derived from this increase will be used to retire $103,803,000 of the company's funded debt...
Coincident with copper's rise came a 5% wage increase for workers in Anaconda, Phelps-Dodge and other copper companies in Arizona, Utah. Also, Anaconda raised its dividend rate from $6 to $7?Anaconda's third dividend rise in the past year...
Earnings. The most tangible proof of copper's prosperity lies in the earnings of the copper companies, nearly all of which showed 1928 earning increases (first nine months) of 46% to 600% over the corresponding 1927 period. Anaconda paid a $3 dividend in 1927, $4 in 1928 (now on a $7 basis); Kennecott paid a $5 dividend in 1927, $8 in 1928; Andes, no dividend in 1927, $3 in 1928; Phelps-Dodge, $6 in 1927, $10 in 1928. Total copper earnings for 1928 increased approximately 80% over...
Companies. Leading U. S. copper producers are Kennecott and Anaconda. The Kennecott corporation is the largest copper producing organization in the world,* though the mines owned by the original Kennecott company produce less than 8% of the present production of Kennecott and its subsidiaries and associates. The two large children of the small Kennecott parent are Utah Copper Co. (Guggenheim) and Braden Copper Mines Co., located in the Province of O'Higgins, Chile. In 1927 these companies produced 235.358 tons of copper, about 13½% of the world's total production. Other companies indirectly controlled produced an additional 179,636 tons...
...Anaconda originated and centres in Montana, owning more than 3,300 acres of copper mines in and around Butte. It has recently received much publicity through litigation with W. A. Clark over title to various Montana copper properties (TIME, Sept. 3). Anaconda also has large foreign properties, notably the Chile Copper Co., acquired in 1923 from the Guggenheims and said to possess the largest copper deposit in the world; the Andes Copper Mining Co., also in Chile, and extensive zinc and lead holdings in Poland and Silesia. An extremely important Anaconda subsidiary is the American Brass Co., the world...