Description: Stock printed by John A. Lowell Bank Note Co. Boston. Please specify color. PARROT SILVER & COPPER CO. MONTANA. Office: Washington & Church Sts., Boston, Mass. Mine office: Butte, Silver Bow Co, Mont. Employs about 400 men. Chas. H. Dickey, president; Chas. D. Bun-age, secretary; John D. Ryan, managing director; Harry A. Galway, superintendent. Organized 1880, under laws of Montana, with capitalization $2,300,000, shares $10 par; issued, $2,298,500. Paid quarterly dividends of 50 cents per share on Sept. 12 and Dec. 12, 1904, l.i-' preceding dividend having been 50 cents, in January, 1902. Held an "annual" meeting June, 1904, this being first for 4 years, owing to injunctions from courts restraining meetings. Is controlled, through stock ownership, by the Amalgamated Copper Co., and like all other Amalgamated sub-companies, is engaged in exceedingly involved, costly and apparently interminable litigation, with the Heinze interests, over ownership of ore bodies. The following table gives a summary of operations and results for the fiscal years ending June 30: 1903. 1904. Tons of ore extracted 253,284 165,408 Total cost of mining $710,831 $466,375 Total cost of transportation 45,591 29,773 Total cost of reduction 692,266 Paid for labor 771,701 676,629 Paid for machinery and supplies 631,396 330,260 Marketing, refining and seaboard expenses 220,814 29,773 Gross proceeds 2,255,869 1,270,627 Total expenditures 1,669,503 1,036,663 Net proceeds 586,366 233,964 Lands, 19 claims, mainly fractional, area circa 25 acres, well located in the central portion of the Butte district, the Parrot, opened 1884, being one of the pioneer mines of the camp. A barren zone occurs at a depth of about 1,000', but good ore bodies are found below. The ore averages about 3% copper and carries fair silver and gold values. Properties operated are the Parrot, Bellona, Little Minah and Original No. 6 mines. The Little Minah has a 1,000* two-compartment shaft and is connected underground with the Nipper. The main shaft of the Parrot, about 1,700* deep, has three compartments to the 4th level and 4 compartments below, being connected underground with the Colusa-Parrot, Never Sweat, Nipper tand Original mines. This shaft was retimbered in 1904, and has a steel gallows- frame, 112' high and weighing 125 tons, with a maximum load capacity of 50 tons. The Parrot shaft has a 2,500-h. p. hoist, with 28x96* cylinders, capable of raising 10-ton loads from a depth of 3,000*, hoisting two double- deck cages with 10-ton skips swung under, using a flat steel rope %" thick and 8" wide. Machinery plant includes an 80-drill Ingersoll-Sergeant air compressor and a 22-drill Rand compressor. Mine buildings are mainly of steel, stone and brick, these including a new engine-house, boiler-house, compressor-house and various shops. The mine has an antiquated smelter, idle since 1900, ores being reduced at the Washoe plant of the Anaconda. Company also owns copper refining works at Bridgeport, Conn., these also being antiquated and idle. Ores are running lower in grade than formerly, like all other Butte mines, and now average about 4% copper, with Item ordered may not be exact piece shown. All original and authentic.
Price: 55 USD
Location: Portsmouth, New Hampshire
End Time: 2025-01-26T02:47:23.000Z
Shipping Cost: 6.25 USD
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