Annual report on Federal Mining and Smelting profits
The 1920 annual report shows earnings despite a metal price slump, with Morning mine at Mullan highlighting rich lead ore and reserves. Oklahoma Brewster and Lucky O K mines suspended as lead and zinc prices fell, while costs remain high. The firm expects eventual restoration of prewar price-cost balance through higher prices or lower production costs, citing receipts of 4,259,870 dollars and various income sources.
MENTIONED IN THIS ARTICLE
Federal Mining & Smelting Company
Mullan
Independence
Hailey
Brewster
Lucky O. K
Oklahoma
New York
Missouri
Brewster and
Lucky ©. K. Mines
Tiger- Poorman Group
Cedar Creek Company resumes underground operations
Cedar Creek Mining and Development restarts work with W. C. Schwabell and John Weyer guiding ten days to two weeks of wooding and preliminary tasks. Drifts from No 3 level show a wide vein of lead silver and zinc ore. plans include drifting west to exploit a large iron-bearing body and connecting the shaft at No 2 with No 3 level for ventilation and ore development.
MENTIONED IN THIS ARTICLE
Cedar Creek Mining & Development Company
W. C. Schwabel
John Weyer
No. 3
William Becker
No. 8
Cedar Creek
Lead price gains noted in past week
A weekly wire from the Engineering and Mining Journal reports a settlement price of 430.4 cents per pound for lead, with producers seeing a material advance over the daily telegraphic quotation of 1.26 cents. Through an arrangement with the McAllister company, the Miner will publish this average quotation weekly.
MENTIONED IN THIS ARTICLE
Tarry C. McAllister Company
Engineering and Mining Journal
New York
McAllister Company
Settlement details shift at Marsh Mines as stockholders weigh options
Marsh Mines Consolidated reports $90,000 left from a $112,500 settlement with Hecla Mining after obligations. An April 21 Spokane stockholders meeting will decide whether to declare a 3 cent per share dividend or retain funds for development. President Edward Pohlman cites unfavorable Russert tunnel developments, loss of Federal Mining support, time constraints, funding limits, and weak lead prices as reasons to settle and preserve or allocate remaining funds.
MENTIONED IN THIS ARTICLE
Marsh Mines Consolidated
Hecla Mining Company
Edward Pohlman
Marsh
Spokane
Pehlman
Pohlman
Russert
Russell East End
Russell
Heela
Deltrich
Muto
Federal
Federal Mining and Smelting Company
Heela Company
United States
Vnore
Pearson Mining Company reports lower costs per foot in new period
Directors publish a three month stockholder report on Pearson Mining showing tunnel advance of 404 feet in hard rock and total cost per foot of 23.49. Costs cover labor supplies and non operating items with gains from lower prices and improved efficiency. Water flow increases near oxidized stringer indicating approaching Coeur d'Alene district conditions.
MENTIONED IN THIS ARTICLE
Pearson Minsing Company
Pearson Minings
Coeur d'Alene
SISTER LEASE Mine Opens Large Ore Shoot Near Wallace
Marwin Hoberta reports on Sister near Wallace along Can yon creek where a new ore shoot over 100 feet long is developing. The face shows solid ore from inches to two feet wide with lower grade ore nearby. drift depth about 0 feet, stoping 4% feet above drift. Assays show high grade steel samples up to 70 ounces. Ore shipped to Bunker Hill smelter. another shipment planned this week.
MENTIONED IN THIS ARTICLE
Marwin Hoberta
Wallace
Canyon Creek
Belme
Attver
Meur
Bunker Hill
Settlement with Marsh good turn for Hecla
Following a settlement with Marsh Mines Consolidated over the Yeast vein disputes, Hecla Mining announces via secretary L. E. B. Hanley that Marsh released all claims and cancelled lease obligations on ONeill, Mono, Fract, and Russell claims. Hecla paid Federal Mining & Smelting $750,000, plus operational rights and a lease abandonment, with long-term mine potential highlighted across the Meela, East, and Oregomogo veins. Pearson company now structured with Marty Pearson as GM, Morris as president, and John F. Ferguson as secretary-treasurer.
MENTIONED IN THIS ARTICLE
Marsh Company
Hecla
L. E B. Hanley
Heelt Mining Company
Marsh
Oneill
Mono Frac
Russell Tode
Federal Mining & Smelting Company
Hecta Wax
Jan
Pendine
Meela
Oreornogo
Pearson Company
Marty Pearson
Morris Pearson
John F. Ferguson
Callahan Zinc Lead Company 1920 operations report highlights
John Borg presents the Callahan Zinc Lead Company annual for the year ended December 31 1920. The ten month period shows operating income of 1424520.06, expenditures of 1168238, net profit, stock sale proceeds, and a total surplus of 1008989.97. Shipments totaled 128781 tons to October 31 1920 with zinc and lead production figures, mill recovery improved, zinc content over 53 percent, lead about 2.7 percent, and notes on pricing factors and savings in zinc lead handling. Continued discussion on ore milling results and future price restoration.
MENTIONED IN THIS ARTICLE
Independence
Brewster
Lucky O. K
Star Mining Company
United States
Supreme Court
John Borg
Callahan Zinc-Lead Company
CW News
TL TJ McMeekin
Torg
Haig
The
Trowarer
Sueplaw
Pyar
Grasselli Chemical Company
American Smeltling & Refining Company
Also Mentioned on This Page
Federal M
Cedar Creek Company
True Friend Group
Haimdal Group
Farmington-Lucky Jack
Morning Club
Plummer Tunnel
Burke Power House
Morning Mine
Marsh Gallahan
EU of
W Newton
Onders
Callahan
Caftanan
Raine
Calihan
Sister Lease
Borg
Stockholdesr
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