The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1914-05-14
AN ANALYSIS Of THE FIGURES COVERING
OPERATIONS Of PRINCIPAL LEAD MINES
AS THE HERCULES is IN CLASS BY ITSELF
AVERAGE PROFIT OF THE MINES is NOT
HIeH-TREATMENT CHARGES

ceded to as low as $3.50 per 100
pounds, New York, and while those
figures prevailed the Morning receiv-
ed but $3.42 per 100 pounds. 1t is
therefore very evident that while such
low prices were in effect the 81 cent
per ton indicated profit was largely if
not entirely wiped out. The figures
seem to prove that the Morning can
not make money at present prices of
lead and that the mine will soon close
down for that reason
Bunker Hill & Sullivan.
Bunker Hill & Sullivan shows a
gross per ton value of 1892 for all
crude ore mined during the year. Cost
of extraction was $2.7S per ton and
Transportation and reduction 1857 per
ton. Its ores are shipped under
contract with the American Smelling
& Refining company made in 1906, 10
run for 25 years, originally containing
the main provisions under which the
Federal is now operating and must
continue to operate until 1880, If the
present contract is not broken in the
courts. The Bunker Hill & Sullivan
contract has been modified and re-
vised many times since it was made
and the smelling company now pays
a stated bonus per ton above the set
tlement rates Of the contract.
Green HiII.cleveIand.
The Green Hill Cleveland, of which
one-half is owned by the Federal,
shows gross per ton value of $11.9S,
with extraction costs of 1912 and
transportation and reduction Of s2.S6,
leaving an indicated per ton profit of
$40, against which is charged ap-
proximately SO cents per ton for bet
ternents and cost Of lease. Green
Hill cleveland ore is Of high grade
and generally supposed to show
lead. In such event, shipping under
the Federal contract has resulted in an
approximate loss Of $3.50 per ton as
compared with prices received by the
Hercules throughout 1918.
The Last Chance.
The Last Chance, another Federal
property, shipping under the blanket
contract of 1905, shows a gross per
ton value of crude ore of $4.59. with
costs Of extraction. $2.66 and trans
portation and reduction s1.45. This
leaves an indicated net profit Of 4S
cents per ton, against which is charg-
ed a very small item for betterments,
The prevailing prices Of lead have
doubtless reduced the indicated profit
to very small margin.
Tho HecIa.
The Hecla, shipping to the 1nterna-
tional Smelling & Refining company,
shows gross value for crude ore of
1928 per ton, with extraction costs
$3.50, transportation and reduction
$2.10 and betterments 22 cents per ton,
an indicated net profit of $2.OS per ton.
The Hecla receives full New York
prices for 80 per cent of the lead in it's
ores and pays freight and treatment
charge of SIS per ton.
Tho Stewart.
Stewards gross value per ton Of
crude ore was 1886 with costs Of $3.50
for extraction, 1901 for transportation
and reduction and 81 cents for better
ments-an indicated net profit of S3.23
per ton. The Stewart is shipping un-
der a contract, expiring next May, by
which lead settlement is provided for
at the same rate as that in effect be-
tween the Federal and American
Smelling & Refining Company The
treatment rate is placed at s7.15 per
ton instead of So, as paid by the Fed
eral. The Stewart has agreed to ex-
tend its contract for further period
Of five years upon the exact conditions
provided for between the same smelt-
ing company and the Bunker Hill &
Sullivan on June of next year. Agi-
tation concerning it's affairs, now go
ing on in New York, has led to general
investigation of the present contract
and the provision for renewal and it is
quite probable that strenuous at
tempt to secure better rates will be
made by either faction that may Sc
cure control of it's affairs.