The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1920-06-03
petaiIs ID Shipments.

OetdliS OF shipments.
Zinc ore. crude, SAP tons: 5O37 per
cent zinc; 545962 pounds zinc; 8S4
per cent lead; 1866 pounds lead
Zinc concentrates. 11.OS6 tons; 5OS1
per cent zinc; l1,21S,995 pounds zinc;
l.O7 per cent lead. S99.17O pounds lead
Lead ore, crude, 1863 tons; lilo per
cent zinc; SI5lS pounds zinc; $3.50
per cent lead; 1920 pounds lead
Lead concentrates. 1927 tons; 1859
per cent zinc; 114S,S59 pounds zinc;
SSH per cent lead; A912S5O pounds
cad
Total shipments 1874 tons 12.-
.946,SS4 pounds zinc; 6O37S96 pounds
cad.
Total recovery of zinc SAT- per
cent.
Total zinc in zinc crude and zinc
concentrates SHIPPED 11759957 lbs.
Total lead in had crude and lead
concentrates shipped 5O97O6O lbs.
Ounces of silver in lead crude and
lead concentrates. S7O45 ozs.
Cost Of mining crushing and sort
ing, per ton mined, 5000
Cost of milling and flotation royal
ties, per ton milled s25O2
Profits and Improvements.
During the quarter there
shipped 1874 dry tons of zinc and
lead silver ore and concentrates hav-
ing a total net value of $591.69122.
After deducting all operating expenses
and accrued income and excess pro-
fits taxes for 1920. there was a sur
plus of $26O.1O9.43 for the period out
of which there was paid a quarterly
dividend of soc per share, which
amounted to s1S6,6515O
THE alterations and additions made
in the mill during the time the prop
erty was idle last year have resulted
in much higher grade shipping pro-
duct, and general efficiency in our
milling operations. You will note from
this report that we are now shipping
a zinc product averaging about 81 per
cent zinc. with lead content of about
4 per cent, whereas before the mill
improvements and alterations were
made our zinc product averaged As per
cent with about a 9 per cent lead con-
tent This reduction of the lead con-
ent in our zinc shipments has effect
ed a very important saving to the
company as it has also had the effect
Of greatly increasing our lead ship
nents Our increased lead shipments
with the present high prices for lead
and silver, produce an income nearly
equal to that received for our zinc, al
though the lead shipped represents
only about one fourth of our total
output.
Labor Shortage.
ION March / this company, together
with all other mining companies in
The Occur dAlene district, advanced
the wage scale for all mine employees .
SOC per day, which makes the basic
wage now paid s5.75 per day Even
At this advanced wage all the min
ng companies are finding it difficult
10 obtain a sufficient quota of ma
chine men to operate at a full capac-
ty Had it not been for the scarcity
IF experienced miners our output for
he quarter would have been consid-
srahly larger However, with the in
creased wages paid and the excellent
working conditions at the Interstate
Callahan property we believe this la
Dor shortage will soon be overcome.
Development work on the new ore
cody on the No. level east has been /
and the ore still maintains !
is uniform high grade. We are max '
ng preparations to sink the main /
shaft from the No to the No. 10 /
evel and this work will be pushed /
Turing the coming quarter. Extensive /
additional development work viii also /
oe carried on in the property.
Virginia Claim.
"As has been reported. your COM |
Danv has heretofore owned a 1884 in |
.erest in the Virginia mining claim. !
which adjoins the Interstate Callahan /
property. Since the first Of the year /
we have purchased an additional 9-54 /
interest in this claim, which we con- I
Continued on Page 81