Word: anacondas
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...Copper Companies. It was charged that the Treasury had lost $50,000,000 in taxes for the years 1917 and 1918 by allowing excessive valuations (for computing depletion and invested capital); that the Anaconda Copper Co. in particular, claiming $184,152,965 valuation, valued at $54,865,822 by the Chief of the Metals Valuation Section, had been allowed $188,713,192- even more than it claimed...
This import, by withdrawing the cheap copper imported from South America from the domestic markets, would favor home production at high operating costs. Yet it would also hamper the prosperity of many U. S. companies, like Anaconda, which have provided themselves with cheap foreign sources of supply. On the other hand, certain high-grade U. S. copper mines, like Kennecott in Alaska, would make astonishing profits...
...Majestic (White Star) ? Ogden M. Reid, proprietor of The New York Herald-Tribune; John D. Ryan, Chairman of the Anaconda Copper Mining Co.; Mrs. Tom Mix, wife of the cinema actor; John Murray Anderson and James Reynolds, producer and designer of The Greenwich Village Follies...
...Anaconda episode was caused by a too hasty resumption of the dividend a year ago, when copper momentarily advanced to 17½?, as well as to the assumption by the company of bond interest and sinking fund requirements of $14,000,000 as a result of its acquisition of American Brass. Except for its newly acquired Chile Copper Co. properties, Anaconda is a high-cost producer, and with the red metal selling about 15% below even the 1913 price, cannot expect to operate its old deep-shaft mines at much, if any, profit. With such companies as Kennecott, Chile, Utah...
...advance in copper prices after Anaconda's suspension of the dividend has been in part due to the belief that this company and others in the same position intended to curtail production, in order to allow the red metal to advance to price levels where production would prove more profitable...