The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1918-03-14
SUCCESSMAKESF|NE
SHOWING Of PROFITS
i. Earned Nearly $24,-
900 in January
February
FIND NEW ORE BODIES
Careful, Economical Manage
ment Are Getting Ex-
cellent Results
FIND NEW ORE BODIES

A MOST INTERESTING report
~ has just been issued by Frank
~ lin Pfrman, president of the
Success Mining company, and
Herman J. Rossi, secretary treasurer,
which is. certain to prove a message of
good cheer to the large number OF
stockholders scattered all over the
country. To change from a steady
loss to a substantial profit within
period of three months, and at the
same time discover new ore bodies that
promise to restore the mine to a large
and profitable producer is no small
achievement. But all this has been
accomplished since the new manage
ment took over the property, and while
the management has made no predic-
tions, it is reasonable to assume that
equally satisfactory results will con-
tinue to follow the careful and econ
omical business methods which have
been applied to the operations of the
company. 1t was the fixed purpose
of the new management to eliminate
all unnecessary expenses and to hold
the costs down to the ctual earning
capacity of the mine. In this they
have been successful, and at the same
time considerable new development
work has been undertaken which has
added immensely to tn value of the
mine and encourages the hope that it
nf prnfita b1p Onnr9t ion.
Profit in Two Months, $23,914.65.
Accompanying the written report is
a detailed statement giving compara-
tive trial balances on December 81,
1916, December 81, 1917, January l,
1918 and March l. 1918, which will
prove an interesting study to the
stockholders. The actual profit earn
ed during the months of January and
February was $23,914.65. The value
OF the ore produced in those two
months was $6S,962 and the operating
costs during the same period was
$45,047.35, the difference being the pro-
fit stated A notation calls attention
to the fact that to this profit should
be added $657.S9 which was paid out
during those two months for supplies
ordered and used in 1917.
Finding New Ore.
The following extract from the let
ter issued by the president and secre-
tary certainly gives a most encourag-
ing outlook for the Success
ho of iy,fa
dent Mr.. Skeels it appears we have
now a shoot of ore on the 1500-foot
level which is 80 feet long and making
daily improvement in extent On the
1900 level some small showings of ore
have been opened up.
Our average pay roll is so men and
present daily tonnage 81 tons running
an average feed of IA per cent zinc,
per cent lead with tailinss average
of 1.6 per cent zinc and IA per cent
lead Silver runs about p ounce to
l per cent lead.
1--WE have on hand 400 ton of shines,
200 tons zinc and rs tons lead con-
centrates Shipments this month up
TO yesterday were Z4U TONS, DelnS pe-
low normal, due to inability to get
sufficient cars.
Promising Outlook.
"The outlook for the future of the
property by reason of the ore disclos-
ures on 1900 and 1900 level (Which are
entirely new ore bodies) is more at
tractive than at any time since the
new management took charge, the
showing on the 1900 level being longer
and of better grade than any ore shoot
mined heretofore from the 1900 level
downward. In January and February
412 feet of drift and 60 feet of raise
was run besides S22 feet of diamond
drilling. Over half the crew are on
development work"