The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-11-02
SUCCESS AND ALAMEDA EXPERTS AND HOW.
THEY ARRIVE At DIVERGENT CONCLUSIONS.
ONE FINDS THAT SUCCESS RECEIVED PROFIT s4,s7s,
ANOTHER FINDS NET PROFIT WAS $685. AND
FINDS THAT $685.

lgineer White from the smelter settle
ment sheets, using the average prices
of metals between the dates mention
ed above, is as follows: The average
ASSAY value of the zinc concentrates
produced between July l, 1913, and
May /, 1914, was 1888 per cent zinc.
According to the Success contract the
smelter paid $1875 per ton f. o. u.
Sunset, Idaho, for zinc concentrates
assaying so per cent zinc, when spell
ter was cents per pound In st. Louis.
For each per cent of zinc above so, In
the concentrate, the smelter paid 72k
cents additional. For each per cent of
zinc, below So In the concentrate, ahe
smelter deducted TN cents. For
each one cent rise In the price of spell
ter above cents per pound, the smell
ter paid $500 per ton additional For
each one cent decline In the price of
spelter below cents per pound, the
smelter deducted $500 per ton. En-
gineer White taking the base price of
$18.75 per ton, deducted $7.73 leav-
| ing $11.02 and to this is added Slip
on account of the average price being
$5.186 and making a total net value
per ton of the zinc concentrate of
$12.22
Assay Values.
| In his calculations of the value OF
each ton of lead concentrates, using
the average metal prices of silver,
5S.7S7 per ounce, lead 1926 cents per
pound. According to the smelter set
Element sheets, the average assay
value of the lead concentrates pro-
dueed from July 1, 1913, to May /,
1914, was 55.94 per cent lead, 33.08 ozs.
of silver, 1892 per cent iron and 7.01
per cent silica. The smelter paid for
95 per cent of the silver contents at
the market price; 80 per cent of the
lead contents at the market price, and
all of the iron at 10 cents per unit. |
The smelter deducted for all the sill
charge was 1880 and treatment
charge was 1880 per ton, This made
the value of the silver 33.08 ounces
per ton of concentrates, $1S.48; lead |
$42.65 and 1892 units of iron, .S3 or a
total value of $61.96 per ton. From
this is deducted freight and treatment
charges of 1880 per ton and 7O1 |
units of silica at 10 cents per unit or
10, leaving net value of the lead and |
silver concentrates per ton of $4166
Shonts Shows Small Profit.
Engineer Shonts, using the same av-
erage metal prices, same dates, same |
average assay values of concentrates
as engineer White, with the exception
that he figured the silver values at
1885 ounces and the same smelter
prices, and same mining and milling
costs, shows in his tabulatlon that the
Success company made a net profit Of
$4,000 from the ore extracted from \
Alameda ground.
According to his figures, the net va i
lue of the lead concentrates was
$3,667.95 for 1878 tons, and the value
of the zinc concentrates as $5,175.40 or
a total net value of $S,S43.S5. He
found that the Success company ex-
tracted S,57S tons of ore at cost of
$2.21 per ton or $7,907.35 which deduct
ed from the net value of the ore left an
operating profit of $4,000.
Figures On Silver.
His figures for the silver value of ]
1885 ounces per ton of lead concen-
trates was $24,S2; the lead value per
ton $42.65; iron S3 or a total value !
per ton of $67S0 The same deduc- s
ion of $3.50 per ton freight and treat !
nent charges and 10 for silica was :
made leaving net value per ton of s
1880. S
The net value of the zinc concen-
rates was the same as shown by en-
sineer White of $1222. According to =
Engineer Shonts, there was 423.52 tons
II zinc concentrates extracted and
1922 tons of lead concentrates.
Success Would Settle for $685..
In his brief submitted to Referee II
attorney ]. f. Ailshie of the u
success company submits that the AL y
media company is entitled to judg- u
lent for no other or greater sum than u
$4,000 together with interest thereon -
rom December 1, 1913, which date "
'ould be the mean or average date of a.
ne extraction of the whole of the ores. u
The Alameda company in it's COM u
laint charged that the Success COM ~
any had extracted ores in excess of
10000. w
10
BELMONT. mi
II.