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Skillings' mining and market Letter PUBLISHED EVERY SATURDAY MORNING VOLUME II. DULUTH, MINNESOTA, JULY 26, 1913. No. 9. CALIMKT- The future career of this SONORA company gives excellent prom- M. <fe M. OO. ise of brilliant results. The returns from the property tell the story of success, and since conditions in the state of Sonora have become normal there is nothing in sight to cause any apprehension of delays on account of political disturbance. The property is being operated on a basis of a net profit of about $24,000 per month, which, it must be admitted, is an excellent showing for a mine that has for the Mrst time been properly equipped for getting profitable results. The last three smelter returns received by the secretary-treasurer, John A. Perclval, were on the dates July 21, 23 and 25, and were for lead-silver concentrates. First of the three cars consisted of 38 tons and 83G pounds, and the net return was $1,839.32. The second consisted of 51 tons and G6L pounds, and the net return was $2,419.67. The third car consisted of 5 2 tons and 72 0 pounds, and it brought a net return of $2,571.29. The values in silver and lead range about the same in all the shipments. The first of the three cars referred to carried silver values of $17.8G and lead values of $38.43 per ton. The second carried $18.52 silver and $3S.33 per ton, and the third car ran $18.58 silver and $39.09 per ton. It will be seen that the values run very uniform. The lead silver concentrates are sent to El Paso for treatment, the zinc goes to Bartonsville, Okla., and the copper concentrates to the Greene Cananea smelter, which is only 1% miles from the Calumet- Sonora mine. The mine and mills are working full force, and an extensive and aggre- sive plan of ore development at greater depth is about to be inaugurated. BUTTE- The news of the week con- AI.KX SCOTT cerning this company's prop- OOPPER CX). erty in Butte is that the strike on the 12 00-level is developing important proportions. The early report was that the ore was four feet wide and of 0 per cent copper grade, and while particulars are wanting it is learned that there has been much improvement with further development of the vein. X. F. Hugo, the president and general manager, left for Butte early this week to make arrangements for continuing sinking the shaft to the 2200 level. He is expected back in a few days, when details of the recent development on the 1200 level will be available. CONSOLIDATED The mineral development INTERSTATE- in this company's prop- ( ALLAHAX erty near Wallace, Idaho, is such as to fully confirm the estimate made by the Letter recently, that it is one of the greatest lead-silver mines that has been opened in this country in its history. Late news from the property is to the effect that the face of the big Interstate tunnel carries 15 feet of good ore. The ore lead which is being developed by this working is In tter than 75o feet in length, and ranges in width from 4 to 19 feet. And it should be remembered that this ore development is at great depth, carrying the assurance of many hundreds of feet of stoping ground toward the surface. The lower tunnel in the Interstate-Calla- han's Manhattan ground continues in an excellent grade of lead-silver ore. An average assay across the face of the tunnel this we,'; disclosed 22 per cent lead and 12 ounces silver to the ton. Production at the mine, and treatment of ore at the company's mill, continues steadily with double shift. PICKANDS, MATHER & CO., LEASES KELLOGG MINE FROM TESORA COMPANY The Tesora Mining company, of which Captain M. L. Fay of Duluth is president, CAFT. M. L. FAY. He is a prominent meml>er of the group ol Duluth men that have wrested fortunes from the iron districts of Minnesota, and it was on the Mesaba range that he got his. this week leased to Pickands, Mather & Co., of Cleveland, the Kellogg iron mine, on the Mesaba range. The transaction is of much interest, for the Kellogg is a high grade- mine, and commands a royalty of $1 per ton. The minimum in this instance is $350,000 per year. This property originally was leased to the New York State Steel company, which opened it up and put it on a shipping basis, and operated it for several years. But financial troubles overtook the company last April, and it abandoned the lease of the Kellogg. The mine yields an excellent grade of Bessemer ore, of good structure, and very uniform. The unexpired lease to the property, which has beer taken over by Pickands, Mather & Co., has 1-1 years to run. The success of Captain Fay in iron mining on the Mesaba range has been large, and the Kellogg was one of the best properties that he developed. A good story concerning his early experiences on the range is appropriate at this time. It is claimed for him that he was the first Mesaba range explorer to discover that iron ore might be found un- fer the taronite, and thereby hangs the story. The captain was developing a property that is now known as the Alpena. He was working hard in these days to meet the pay rolls of his crews engaged at exploring for ore, and it was while he was drilling the Alpena that he had to do some hustling to g3t the necessary wherewithal. He kept away from the work for a few days at about that time, making his arrangements, and meantime the drill went into the taconite. But the captain had left word to keep the drill going .until he ordered to the contrary, and the foreman was worried to think that he must waste good money drilling taconite, for in those clays it was presumed that this rock was the signal to quit going down. But soon the drill went through the taconite and into a fine grade of ore, and the then jubilant foreman hascened forth to break the good news to Captain Fay. But the captain saw him first, and not having yet made his financial arrangements was not eager to see him. But the foreman could not be stopped. When finally he came up with Captain Fay in a Virginia office the latter eyed him with some apprehension. But it was plain that the foreman carried good news. "We have got the ore," he cried, "and under the taconite." Captain Fay is a man of pretty good presence of mind. But that "under the taconite'' section of the announcement held him for a few seconds while he stroked his beard in a reflective manner, as if possibly he might decide to refuse the ore if found in that position. But if he had any such notion he thought better of it, and merely remarked, "All right. That's good. Tell the boys I will be out with the money to meet :he pay roll in about half an hour." Improved sentiment pervades the iron anc3 steel situation in Pittsburs.
Skillings' mining and market Letter
PUBLISHED EVERY SATURDAY MORNING
DULUTH, MINNESOTA, JULY 26, 1913.
CALIMKT- The future career of this
SONORA company gives excellent prom-