The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-04-27
MANAGER MARSH MINING COMPANY MAKES
REPORT COVERING THE YEARS 1874 AND 1915
OPERATIONS DURING PERIOD COVERED IN MUCH DETAL-Moo
ERN EQUIPMENT FOR NINE AND MILL-REsuLTs OF DE.
vELoPMENT AND MANAGERS CONCLUSION.

manager and secretary treasurer of
the Marsh Mining company, has just
been issued, covering the calendar
years 1914 and 1915. The report goes
into much detail in giving the story
of the company's activities and leaves
nothing to be desired in the way of
information for the benefit of the
stockholders of the company. 1t in
dicates also that the affairs of the
company have been carefully and cap
ably managed, and if results are not
as satisfactory as were desired and
expected, they are due to the fickle
goddess of fortune rather than to the
management In his letter transmit
ting the report Mr. Greenough says in
part:
owing to the gradual increase IF
the percentage of zinc in our ore with
Gepth, anu tc the prevailing high soe-
ter prices the trustees last year re-
solved to add a new unit to the NH
with the ne aassary equipment for the
recovery If zinc While the econom-
| r. results that will be obtained from
this are not certain, l feel that they
will be satisfactory This unit has
just now been completed ana Is go-
ing into operation.
I'm my last report three reeomlnen-
dations were made that have been
favorably acted upon, and two have
gene into operation, namely, the new
hosting arrangement at the mine, ana
the mill improvements. The results
obtained from each of these are fully
covered in my report following The
third recommendation provided for a
new railway terminal and yard fa-
cilities at Burke. This undertaking
necessitated condemnation proceed
ings and the matter is now in the
courts.
Results of continued development
during the4current year of the lowest
level have not altered conditions as
stated hereafter, except that this level
has increased the flow of water to
twice the previous volume. Since my
previous report the lead and silver as
say values of the mill feed have de-
clined, while the zinc has increased"
Report for 1914.
After dealing with operations
throughout the year under the several
headings Of mining, concentration
economic concentration data, recov-
cry and details of production, the fol-
lowing recapitulation of production Is
given:
Approximate gross value of total
production, $17S,S2135; per ton, $61.01.
Approximate gross losses, $39,678.97;
per ton, 1884.
Gross value of shipments, $139,142-
50; per ton, $4747.
Cost of freight, treatment, dis
counts and marketing, $57,19792; per
ton, 1881.
Net value on cars at Wallace, $751;
944.4 .46; per ton, $2796.
During the year exploration work
was done at cost of $14,294, con-
sisting mainly of drifting and cross
cutting 1898 feet.
Preparation for installing the new
Nordberg hoist incurred an under
ground expense during the year of
$43, 3,922.55, as follows: Shaft raise, 268
feet; crosscut to new top station, 145
feet; new top station 566S cubic yards.
In addition these improvements in
cluded cutting head ore pocket of 700
tons capacity, rope raise to sheave
wheels and skip and change pocket.
The profit and loss statement for
the year shows operating costs, dam
age claims, equipment and deprecia-
ton to be $151,348.01 Against this is
credited concentrates and crude ore
shipped, $82,17090; miscellaneous re-
ceipts, $151.16. Total receipts, $780,
322.06. Leaving a deficit for the year
of $69,02595.
Report for 1915.
The details of operations in 1915
are given under similar headings Civ
en- in the report for the previous year.
The following recapitulation of pro-
auction SHOWS a decided Improvement
over the record of 1914:
Approximate gross value of produc-
ton, $267729.45; per ton $6705.
Approximate gross losses, $41,S6S69:
per ton, $10.49.
Gross value of shipments 1926, $780,
76; per ton, $685.
Cost of freight, treatment, dis
counts and marketing, $S2,220.16; per
ton, $2O.59.
Net value on cars at Wallace, $143,-
640.60 per ton, $35.97.
Exploration work during the year
cost $S9,452.S6, as follows: Drifting
and crosscutting, 754 feet; sinking
:. triple compartment shaft, 220h feet;
No. shaft station complete, pump,
sump and ore pocket, 9S2 cubic yards.
The cost of underground inprnve-
; ments amounted to $11,479.72 The
t 800 horsepower Nordberg hoist was
Continued on Last Pagel