The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1920-11-18
CALLAHAN'S REPORT
FOR THIRD QUARTER
Reduced Output on
Account of Short
age of Miners
DIVIDEND DECEMBER 30
Usual Disbursement of SO
Cents per share--Important
Development Work

TIME QUARTER ending Septem
Der 80 was a lean one for tn
Consolidated Interstate Gala
han Mining company, as dis
closed in the report of John Borg
president of the company, covering
that period, which has just been re.
ceived. The decreased production il
explained in the shortage of miner,
during that quarter a difficulty will
which all other operators of the dis
trict had to contend Conditions il
this respect showed marked improve
ment in October of the present quar-
ter but the company was forced tC
suspend operations on account of the
strike of employees of the Grassell
Chemical company. and while Mr.
Borg does not say it is probable that
with that difficulty removed the COM
pany would be disposed to remain in
active owing to the unfavorable con-
dition of the zinc market excessive
freight rates and continued high costs
of mining Mr.. Borg's report to the
stockholders is dated November 10
and here follows:
Report for Third Quarter.
1--WE submit herewith report of OPP
CREATIONS of the Consolidated Inter
state Callahan Mining company for
The third quarter of the year 1920:
Net value of shipments.~-..$3 2O,O76.25
Miscellaneous receipts ...---... 1S49.22
Total income 1921, 925.47
Production costs. expenses,
taxes, etc OBSERVATION-DISCLOSURES. 339, S1O.79
Loss from operations ...........S 17,3S5.S2
Cost Of improvements .-........ 1O,9S6.49
Deficit for the period ....-.....-.S 2S.S71S1
Ore Mined and Milled.
The principal features of the min
ing and milling operations during the
quarter were as follows:
Tonnage mined. 5O,379. Tons of
mine ore milled. S6,441. Average con-
tents of ore milIed: Zinc, 1927 per
cent; lead, 6.62 per cent; silver 24S
'unces.
Shipments.
zinc concentrates-655S tons; zinc
ass ~. 52.42 per cent; 6,S75296 pounds
zinc lead assay. 1922 per cent; 1922
500 ounds lead.
Lea ore. crude-59 tons; zinc as
saw as per cent; 764S pounds zinc;
lead a, say $3.50 per cent; 1921
pounds lead.
Lead concentrates-SO1 tons; zinc
assay - 81 per cent; 751492 pounds
zinc. lead assay, 5S.62 per cent; g.
529.951 DO, IN DIS lead
Total 81, iplnents-962S tons; 1870
,qe nom zinc: 4,O8O.O62 pounds lead.
onnage and Costs.
Total recovery of zinc, s5.4S per
cent.
Total zinc in zinc concentrates SNIP
ped. 6.S75, 296 pounds.
Total lead in lead crude and lead
concentrates shipped, S'6O1242 lbs.
ounces of silver in lead crude and
lead concentrates 61,190 ounces.
Cost of mining, crushing and sort
ing. per ton mined, $4,646
Cost OF nllllll6 ebhN
ties. per ton milled, S2'SO6.
Cause of Reduced Production
"D,rine the third quarter of the
current wear our shipments of zinc
and lead-silver ore and concentrates
were 1870 dry tons less than FOR the
preceding quarter. this falling off be-
inc accounted for by the continued
scarcity of miners, which condition
obtained until the last half of Sep
fsmber During the month of Octo-
her this condition showed a marked
~, or0vement. and as result our
mi, Vnents during last month were
nnn ons higher than the monthly av-
orooe Of the quarter ending Septem-
30 '.,yhi,e DIR mining and milling costs
80 rarna med practically unchanged
,,', the neriod. the price trend OF
o, ~, ~, nroduots. with the exception Of
-, ~, RS continued downward
1ybicb condition has been the rule IN
tbe industrial field generally durins
the past three months.
kin Buck, CD. and N'ps'e'
acirce orr last report your com
norv has completed the purchase OF
an additional amount of XIII Buck
NT,nino company stock. giving us to-
....,,,-i m a ta1V so per