The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1923-08-17
JACKL|NG MAKES
REPORT ON THE
BAbb|TT PLANT.

The Mesabi Iron Company, OF
which D. C. lacking of San Fran
cisco is president, has officially an
nounced it's purpose to install the
necessary equipment and make
other improvements to Its IRON ore
concentrating plant at Rabbit, MIN
nesota, to increase its capacity for
the production Of sinter to 500 tons
per day says Shlhng's Mining Re-
view of Duluth. Present capacity is
about 400 tons, and the plant al
ready is provided with power and
crushing machinery far in advance
of the expansion which is about to
be made.
The company will offer pro rata
to stockholders 196,567 shares Of
additional stock at So per share.
The right to subscribe will apply to
stockholders of record August 3,
and the time limit for subscriptions
is to and including August 15.
Stockholders will be given oppor-
tunity under this plan to subscribe
for one additional share for each
three shares now owned. There
are now outstanding 589,700 shares
of the stock. The stock is common
and without par value. Holders Of
$40 of the issued stock have agreed
to take their pro rata of the new
issue, and the balance has been
underwritten.
An interesting statement concern
ing the plant Of the Mesabi Iron
Company at Rabbit has been issued
to the board Of directors of the
company, over the signature OF d.
c.. lacking, the president. Owing
to the great interest which is felt In
this enterprise, and its Importance
as bearing upon the great tonnages
of low grade magnetic on the east
.ern Mesabi, the article is repro
duced in full, as follows:
President Jackling's Report.
"Mesabi Iron Compan'ys reduc-
ton works as now operated have
nominal production capacity OF 400
tons of sinter per day, the limiting
factor being the single sintering
machine now installed. The cap
acity Of the remainder of the plant
is considerably greater. The coarse
crushing department can handle
about 5000 tons of raw material
per day, which would correspond to
over 900 tons Of sinter production,
and some improvements here of a
minor kind would increase the stated
capacity by 500 or more. The roll
department for intermediate crush
ing and grinding has a capacity OF
about $500 tons per day, cor
responding to above 500 tons of
sinter. The fine grinding and sep
arating department can make some.
where between 400 and 800 tons OF
concentrates daily. The power plant
is ample for a daily output Of 1900
to 1,700 tons of sinter.
ct is now proposed to balance up
the fine grinding and concentrating
department for the production Of
500 tons of concentrates daily and
to install an additional sintering
machine, thus providing two COM
plete sintering units for a daily
output of 500 tons of sinter. 1t
will be necessary in this connection
to somewhat rearrange and supple
ooAlbioiy 1oSihSiSo III
the intermediate crushing depart
ment and to provide limited addi-
tions to mining and transportation
facilities, also to increase water
supply and improve living accom-
modations for employees. The pro-
gram outlined contemplates about
the maximum that could be accom-
plished in the way of improve ments
before the arrival Of winter weather,
when continued construction would
be both difficult and expensive.
"This program is suggested as the
initial step towards increasing the
size of plant and scope of opera
tions in much more comprehensive
way, and as rapidly as circumstances
will permit, to the end of bringing
the total balanced capacity Of the re-
duction works to correspond with
that of the coarse crushing plant
which, as previously stated, can
readily be made to handle more
than 5000 tons of rock per day,