The diamond drill., 1921-07-30
FIRST GOOD NEWS OF YEAR FOR
THERON COUNTY DISTRICTS
CARPENTER WILL WORK
Several West Side Mines viii Ship
All OF Their Stocked Ore and
Probably Resume

The Diamond Drill is able 10 say
with the stamp OF authority this week
that the outlook for resumption OF
work at two properties in this dis
trict Is so good as 10 be almost cer-
tain and that there will be shipped
from at least eight OF the Iron county
mines the stockpiles that are now on
This is Interpreted to mean
resumption OF operations az
five mines that are now down fat and
the continued operations. possibly on
larger scale, at the other mines.
There have been rumors OF sales OF
this and that amount OF ore for two
weeks but nothing was certain until
within the past week.
Carpenter TO Ship Heavily
We are assured that the Hanna
Furnace Co., which operates the Car
penter and Monongahela mines has
disposed of sufficient ore 70 enable
the properties to resume operation
early this fail with a crew sufficiently
large to take on all OF the old en-
ployees and perhaps some others who
are in enforced idleness.
The Carpenter is now engaged In
loading ore from its stockpile and
loading will continue until 100000
tons are sent forward In addition,
the small pile Of about $4,000 tons at
the Monongahela will be sent TO the
docks. This shipment will open
sufficient room at the Carpenter TO
hold the ore that will be hoisted dur
ing the winter. while the Monongahe-
Ia viii have clean docks.
That Is the outlook now and II is
confidently expected that the end
sought will be attained but conditins
In the general market are so uncer-
tain that no one can prophesy with
certainty to present expectations be,
ing carried out.
West Side 10 Benefit
We have also been assured that q
large operator on the west side, and
who also operates mines on this side
OF the county, will send forward the
greater part, il not all of the stocked
ore at its properties. Although re-
sumption OF mining is not coupled
with our information. II is confidently
expected that such will be the case.
The west side Is seriously handi-
capped right now for. while Il has q
larger number OF mines working. II
also has a much larger mining popu-
lation than the east side. There Is
more general construction work over
there than here, which helps out very
materially.
No Significance TO Tully Equipment
The receipt Of a carload OF new e
quipment at the Tully mine last week
has no significance. SO we are told by
Supt Harrison, the stuff being part OF
some material which was oriered
long ago. Mr.. Harrison added that
he has no information as 10 future
operations at any OF the Mckinney
mines either here or elsewhere.
The general market reports would
seem 10 indicate that there is larger
range OF inquiry but that doesn't
mean that the increased inquiry will
reach back TO the mines or even 4
the furnaces for some time. The
reason for this Is that many compan-
les have been pling iron from one or
more furnaces simply 10 obyiate the
dead loss they would be 20 In keeping
their coke ovens In shape did they not
operate enough furnace capacity &c
supply the gas The iron has beer
piling up for six months and al
though Il e comparatively small In
mount Il must be digested before
the increased demand viii have am
effect In a general way
The same is true OF the ore onf
Mining companies operated for seye
raj months after the demand for or
ceased and some companies continue
operations. and this surplus ore hot
at furnace and mine must be dieested
before there is any healthy inc-eas'
IN demand.
Wase Cuts Probable
n Is very probable that additional
wage cuts will be made before there
IA any resumption OF operations.
Nothing Is being said on that score
but everyone infers this result on the
fact that pig iron Is now selling az
$40 per ton. very close TO the pre- war
level and a price from which new
dollar is not received for an old one.
To meet this all expenses must be
cut to the quick, wages and freight
rates included.
A.