The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1920-09-02
.REPORTOF CALLAHAN
F0RSECONDQUARTER
President John Borg
Gives Operation
Details
CHICAGO-B. KILL BUCK
Outlook for Metals is Good
and Lobor Situation is
Much Improved

VOHN BORG, president of the
Consolidated Interstate Callahan
Mining company, has issued a
report to the stockholders cover
ing the second quarter of this year.
The report gives the net value of
shipments cost of production and net
earnings for the period, tonnage min
ed and milled with mineral content
mineral recovery, costs OF mining and
milling per ton and various other OPP
Grating details of much interest
, to stockholders. Discussing the fig
ures submitted, Mr. Borg explains
that the output was considerably re-
dueed on account of the shortage of
miners and inehiciency of labor. and
decreased earnings are explained in
the low prices of zinc and lead and
the unexpected drop in the price of
silver. These conditions are greatly
improved now and Mr.. Borg regards
the outlook very favorable Refer
ence is made to the acquisition of the
Chicago Boston and Kill Buck by the
Interstate Callahan company, and
also to the striking of an important
body of lead-silver ore by diamond
drill in the Nipsic. The report in full
is given below:
President Borg's Report.
1--WE submit herewith report of OPP
erations of the Consolidated Inter
state Callahan Mining company for
the second quarter of the year 1920:
Not traI,ta Of Qoof rc0 ca
Miscellaneous receipts .......... 2,234.76
Total income 1885, 39740
Production costs, expenses,
taxes etc. .-.-.......-....-.--...... S41, 65O.54
Profits -.-.....---... ..-..--.---.-.-$ 44,746.S6
Cost of improvements .-.... 500
Surplus for the period .......$ 44.737S6
THE principal features of the min
ing and milling operations during the
quarter were as follows:
Tonnage mined 51,074; tons of mine
ore milled, 1854; average contents OF
ore milled; zinc 1857 per cent; lead.
6.91 per cent; silver 2.27 ounces.
Shipments.
Zinc ore, crude, IT'S tons; zinc 1891
per cent; pounds zinc, 1884; lead
2.19 per cent; pounds lead, 1852
Zinc concentrates, SO37 tons; zinc,
521S per cent; pounds zinc S,S79,5s9;
lead, 1856 per cent; pounds lead, $780,
9sS
Lead ore, crude, 70 tons; zinc, COZ
per cent; pounds zinc 1928; lead 65.46
per cent; pounds lead, 91,647.
Lead concentrates. S116 tons; zinc,
1928 per cent; pounds zinc S24.261;
lead, 5795 per cent; pounds lead g.
j11,7SO.
Total shipments, 1888 tons;
pounds zinc, 9,4OO,575; pounds lead.
l,251O47.
Total recovery of zinc, $3.50 per
,ent
Total zinc in zinc crude and zinc
shipped, S,567SS6 pounds.
Total lead in lead crude and lead
shipped. S.7O3,427 pounds.
Ounces of silver in lead crude and
cad concentrates, 81, S25 ounces.
Cost Of mining, crushing and sort
ng per ton mined s4.556.
Cost of milling and notation royal
les, per ton milled, $2511.
Reduced Production Explained.
During the second quarter our
hipments of zinc and lead silver ore
nd concentrates were 1876 dry tons
ess than the preceding quarter. This
alling off is accounted for by the
carcity Of miners, /. e. drill men vino
freak down the ore in the Slopes, and
.lso by a lack of efficiency on the part
f labor in general. Our problem in
hese respects is not peculiar to this
alone, for this condition is
PREVALENT in the entire mining indus
~ of the country and also in the in
ustrial field generally. With the
ompletion of the harvest in the west
IN country an influx of miners is
expected and a return to more normal
perating conditions may be looked
or in the third quarter.
Metal Conditions Improve.
1.-THE metal markets during our Sec
nd quarter have been rather disap-
ointing, with zinc establishing q low
rice of TIC, lead SC and silver 85c
uring the period. The decline in
inc was caused primarily by the lack
demand for this metal on account
the tie-up of the country's steel
lants, due to the recent freight con-
estion, and also by three months
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