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UNDERGROUND MINES

1939..
1940..
1941.
1942
1943.
1944.
1945.

175, 530

473, 505
2, 304, 070
2,677, 741
2, 472, 408
4, 120, 994
1,824, 290

($90, 804, 61) ($0.517 $161, 487.60 (14, 483.72) (.031) 435, 624.60

(314, 792.07) (.137) 2, 119, 744. 40 (1,748, 984.35)

(.653)

4, 463, 521.72
(1,545, 892.50) 6253)| 12, 342, 853.82
(1,683, 603. 71) 7.7938) 12,009, 853. 91
(1,580, 793.66) (.8665) 11,728, 697,20

$0.293

157
294
335
328
3229
3450

$51, 430.29

74, 340.29
677, 396.58
897, 043.24
810, 949. 82
684, 868. 96
629, 380.05

1939.
1940..
1941.
1942..
1943.
1944.
1945.

1 Includes 3 percent transportation tax which must be paid by mining companies.

In 1944 Dunwoody mine was the only mine with operating income over $i. This mine is owned in fee. NOTE.-Railroad freight charges arrived at by multiplying tonnages by 92 cents. Actual rail revenue somewhat higher as part of ore is shipped all rail to consuming points. NOTE.-Figures in parentheses indicate losses.

EXHIBIT S-20
Minnesota iron ore production for open pit mines, based on 1943 occupation tax reports adjusted to show true costs; also royalty and royalty tax

payments per ton
DIRECT SHIPPING MINES WITH OPERATING INCOME OVER $1

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[blocks in formation]

2, 517, 601 $4.6286 $11, 652, 967.99 $4, 947, 085.97 $6, 705, 882.02 $2.6636 $0.9721 $2, 447, 359. 93 3, 806, 468 4. 5743 17, 411, 926. 57 7, 479, 709.62 9, 932, 216.95 2. 6093 .9710 3, 696, 080.43

929, 0521 4. 1672 3, 871, 545. 49 1, 825, 587.18 2,045, 958. 31 2. 2022 .7722) 717, 413.95 19, 421, 349 4. 4029 85, 510, 257.51 38, 162, 950. 79| 47, 347, 306.72 2. 4379 1. 031120, 025, 352.95

171, 308 4. 6196 791, 374.44 336, 620.22 (454, 754. 22 2. 6546 1. 2973 222, 237.87 2,897, 201 4.4101| 12, 776, 946, 13 5, 692, 999.97 7, 083, 946. 16 2. 4451 1. 2393 3, 590, 501. 20

379, 382 4. 5322 1, 719, 435. 10 745, 485. 63 973, 949. 47 2. 5672 1. 40891 534, 511.30 1, 792, 275 1. 4473 7, 970, 784. 61 3, 521, 820.38 4, 448, 964.23 2. 4823 1. 3435 2, 407, 921. 46

270, 173 4. 5542 1, 230, 421.88 530, 889.95 699, 531.93 2. 5892 1. 5295 413, 229.60

309, 935 4. 1403 1, 283, 223.88 609, 022. 28 674, 201. 60 2. 1753 1. 1409 353, 604. 84 32, 494. 744 4. 4382 144, 218, 883.60 63, 852, 171. 99 80,366, 711. 61 2. 4732 1.0589 34, 408, 213. 53

1. 6383 6, 236, 136. 52 1. 4300 1,328, 544. 56 1. 4068 27, 321, 953.77 1.3573 232, 516. 35 1. 20583, 493, 444. 96 1. 1583 439, 438.17 1. 1388 2,041, 042. 77 1.0597 286, 302. 33 1. 0344 320, 596.76

[blocks in formation]

Name of railroad

Name of property

Operated by

(1)

(2)

(3)

G. N. & D. M.. Mahoning --
D. M.

Rouchleau.
Do.

Hartley
Do.

Hull-Rust.
G.N.

Iron Chief.
D. M.

Mt. Iron..
G. N.

Sharon.
D. M.

Fraser
G. N

Grant..
D. M.

Glen.

Pickands Ma

ther.
Oliver Iron.

do
do.
do.
do
do

.do
Inter-State.
Oliver Iron.

Total.

1. 4143 45, 958, 498.08

. 201

DIRECT SHIPPING MINES WITH OPERATING INCOME BETWEEN $1 AND $0.30

D.M.

[blocks in formation]

G. N. D. M.

710, 934. 76 313, 852. 48

7368

.413

G. N. & D.M
D.M

Do
G. N. & D.M
Cuyuna.
G.N
D, M.
GN
D, M

Do
Cuyuna
G. N. & D.M.

Biwabik Pickands Ma

ther.
Susquehanna.. Susquehanna.
Corsica.

Pickands Ma

ther.
Wacootah Wheeling Steel
Leonard Burt Oliver Iron..
Spruce Adams do.
Columbia Inter-State
Mahnomen Pickands Ma.
Warren

Hanna Iron.
Morris

Oliver Iron.
S. Longyear Inter-State..
Julia Annex.. Oliver Iron.
Schley

North Range
Sagamore

Sagamore Ore.. Messabe Mt. Charleson.

330, 865 $4. 2039 $1, 390, 923.37 $650, 149.73 $740, 773.64 $2.2389 $1.3506 $446, 866. 27
887, 559 4. 10301 3,641, 654.58 1, 744, 053. 44 1,897, 601. 14 2. 1380 1. 3370 1, 186, 666.38
425, 967 4. 4948 1, 914, 636. 47 837, 025. 16 1,077, 611.31 2. 5290 1. 7930 763, 758. 83

251, 708 3. 9730 1,000, 035. 88 494, 606. 221 505, 429. 66 2. 0080 1. 2818 322, 639.31
1, 127, 079 3. 9959 4, 503, 694. 982, 214, 710.24 2, 288, 984. 74 2. 0309 1. 3048 1, 470, 612.68
2, 778, 111 4. 6911 13,040, 730.85 5, 458,988. 12 7, 581, 742. 73 2. 7291 2. 0127 5, 591, 504.01
% 113, 486 4. 2973 487, 683. 39 222, 999.99 264, 683. 40 2. 3323 1. 6747 190, 055.00
680, 239 3, 8930 2, 648, 170.43 1, 336, 669. 64 1, 311, 500. 79 1. 9280 1. 3175 896, 214.88

324, 029 4. 2150 1, 365, 782. 24 636, 716.99 729, 065. 25 2. 2500 1. 6450 533, 027.70
1, 325, 529 4. 0391 5. 353, 944. 18 2,604, 664. 49 2, 749, 279. 69 2. 0741 1. 5054 1, 995, 451.35

59, 630 3. 7585 224, 119. 36 117, 172. 96 106, 946. 41 1. 7935 1. 2275 73, 195. 83
133, 282 4.8460 645, 884. 57 261, 899. 13 383, 985. 44 2. 8810 2. 3665 315, 411.85
484, 136 4. 2449 2,055, 108.91 951, 327. 24 1, 103, 781. 67 2. 2799 1.7672 855, 565. 14
444, 396 4. 3272 1, 922, 990.37 873, 238. 14 1,049, 752.23 2. 3622 1.9743 877, 371.02

993, 338 4. 48404, 454, 127.59 1,951, 909. 17/2, 502, 218. 42 2. 51902. 2057 2, 191, 005. 63 10,359, 354 4.3101 44, 648, 487. 171 20,356, 130. 66 24, 293, 356.62 2. 3461 1.7095 17, 709, 346. 88

[blocks in formation]

Total.

.6356 6,684, 010.64

.633

DIREOT SHIPPING MINES WITH PROFITS UNDER $0.30 AND WITH LOSSES

G. N.
D, M.
G.N.
D. M
G.N

Do.

Do.
D. M.

Do.
Do.

Do.
G. N.
D. M.

Albany
Virginia....
Wabigon.
N. Julia.
Scranton.
Stevenson.
Norpac.
Alice.
Sliver
Prindle
Burns.
Atkins.
Hartley Burt.

Creto Mining

$894, 644.85 $888, 225. 26 $1.9509 $1.6026 $756, 965. 15 $0.2883 455, 290 $3.9159 $1,782, 870. 11

$131,200.11 $0.627
Snyder.
278, 755 4. 0530 1, 129, 794.02

547, 753.58 582, 040.44 2. 0880 1.8254 508, 839.38 . 2626 73, 201.06 .472
Hanna Ore.
556, 187 3. 7980 2, 115, 436.63 1,094, 479.46 1,020, 957.17 1.8330

1.5845 882, 545.90 .2485 138, 411.27 .5525
E. W. Coons. 28, 813 4. 5701 131, 678. 29 56, 617.55 75,060.74 2. 6051 2. 3958 69,030, 18

2093

6,030.56 .276
Pickands Mather. "1, 283, 629 3. 4130 4,381, 025.78 2, 522, 330.99 1,858, 694. 79 1. 4480 1. 2448 1,597, 861.38
Republic Steel..

.2032 260, 833, 41 .364
376, 108 4. 4110 1, 659, 012.39| 739, 052, 22 919, 960. 171 2. 4460 2. 4343
Hanna Ore

915, 559, 70

4,400.46 .274
126, 527

.0117
470, 174.33
3. 7160

248, 625, 56 221, 548.77 1.7510 1.7551
293, 183

222, 067.54 Evergreen...

(.0041) 1, 125, 294.991 3,8382 576, 104.60

(518.76) 276

549, 190.39 do.

1.8732 1.9298
18, 990

565, 784.55
3. 7946 72, 059. 45

(.0566)
37, 315, 35

(16,594. 16) 540

34, 744. 10 1.8296
Oliver Iron.

1.8905
261, 041

35, 900. 60
3. 4707 905, 995.00

(.0609) 512, 945. 57

(1, 156.50) 087

393, 049.43 1.5057 1.8461
Butler Bros.
25, 042 3, 5530

481, 907, 79
88, 974. 23

(.3404)
49, 207.53

(88, 858. 36) 287

39, 766. 70 1.5880 1. 9600
Inland Steel.
597, 480 2. 7510 1, 643, 667.48

49,082.32
1, 174, 048.20

(.3720) (9, 315.62) 517

469, 619.28 .7860 1.3994 Oliver Iron. 20, 498

836, 113. 51
3. 6426

(.6134)
74, 666.01 40, 278.57

(366, 494.23) 301
34,387.44 1. 6776 4. 5883 94,050.97 (2.9107) (59, 663. 53) 276
4,322, 343 3. 6047) 15, 580, 648. 71 8, 493, 401.03 7,087, 244.68 1.6397 1.6231 7,015, 708. 97 .0166 71, 535. 71 .410
47, 176, 441 4. 3337 204, 449, 019. 48 92, 701, 706.67 111, 747, 312.81

2. 3687 1. 2534 59, 133, 268.38 1, 1153 52, 614, 044. 43

[blocks in formation]

. 293

1 Operating income is before provision for return on invested capital, depletion where mines are owned in fee, and Federal taxes. Tax payments on ore reserves must be paid from
operating revenues derived from mines that are under production.

3 Columbia and Scranton mines, listed as beneficiated mines in original report, have been transferred to the direct mines due to the fact only a small amount of tonnage was
beneficiated.

NOTE.--Figures in parentheses indicate loss.

EXHIBIT S-21
Minnesota iron ore production for open pit beneficiating mines, based on 1948 occupation tax reports adjusted to show true costs also royalty and

royalty tax payments per ton
BENEFICIATING MINES WITH PROFITS OVER $1

[blocks in formation]

BENEFICIATING MINES WITH PROFITS BETWEEN $1 AND $0.30

[subsumed][subsumed][subsumed][merged small][graphic][subsumed]

BENEFICIATING MINES WITH PROFITS UNDER $0.30 AND WITH LOBSES

G.N

Do.
Do

$0.2990

.2963
. 2009
. 1562

$171, 785.06

11, 024. 43
184, 207.82
58, 677.93

$0.940

. 387 .917

0

Do.

. 1477
. 1135
.0296

Cuyuna.
O.N
D. M.
Cuyuna
G, N.

569

631
.664
.648
.606

.0018
(. 0207)

Cuyuna.
D. M.
G.N

Do
Fillmore Coun-

ty.
G. N
Fillmore Coun-

0534)

1058)
(. 2130)

2180)
.2958)

Hawkins

Int'l. Harvester 574, 632 $4. 4167 $2, 637, 535. 48 $1, 128, 955. 38 $1, 408, 580. 10 $2. 4517 $2. 1527 $1, 236, 796.04
No. Uno N. P. O. Hedman & Co. 37, 207 4. 6650 173, 570. 66 73, 111, 76 100, 458.90 2. 7000 2. 4037 89, 434. 47
H. Trumbull.. M. Cliffs.

916, 9131 4. 5960 4, 214, 132. 15 1, 801, 734. 05 2, 412, 398. 10 2. 6310 2. 4301/ 2, 228, 190.28
Dunwoody.. Pickands Math- 375, 659 4. 1880 1, 573, 259. 89 738, 169. 94 835, 089.95 2. 2230 2. 0668 776, 412.02

er. S. Hillcrest. Evergreen.

417, 939 4. 0392 1, 688, 139.21 821, 250. 14 866, 889.07 2. 0742 1. 9265 805, 159. 48 Buckeye.

.do.

209, 705 4. 0821 856, 036. 78 412, 070.33 443, 966. 45 2. 1171 2. 0036 420, 164. 93 Margaret. C. W. Moore. 49, 106 4. 2490 208, 651. 39 96, 493. 29 112, 158. 101 2. 2840 2. 2544 110,704. 57 Portsmouth.. Hanna Iron

292, 263 4. 1640 1, 216, 983. 13 574, 296.80 642, 686.33 2. 1990 2. 1972 642, 160. 26 Bennett

Pickands Math- 873, 926 4. 0466 3, 536, 428.95 1, 717, 264. 59 1,819, 164.36 2.0816 2. 1023 1, 837, 254.63

er. Evergreen.. Evergreen.

237, 962) 4. 2804 1, 018, 572. 54 467, 595. 33 550, 977. 21 2.3154 2. 3688 563, 684. 38) Webb Snyder.

770, 370 4. 3140 3,323, 376. 18 1, 513, 777.05 1, 809, 599. 13 2. 3490 2. 45481 1,891, 104. 27 Barbara. Butler Bros

220, 205 4. 6720 1,028, 797. 76 432, 702.83 596, 094. 93 2. 7070 2. 9200 642, 998. 60 Greenway W.- Evergreen.

170, 171 4. 2853 746, 250. 89 334, 386.02 411, 864. 87 2. 4203 2. 6383 448, 962. 15 Weebing

do.

45, 435 4. 1095 186, 715. 13 89, 279. 78 97, 435. 35 2. 1445 2. 4403 110, 875.03
Weggum.
Philbin.

274, 651 3. 8760 1,064, 547.28 539, 689.22 524, 858. 06 1. 91101 2. 2500 617, 964. 75
Weebing Winston Bros 174, 992 4. 0499 708, 700. 10 446, 229.60 262, 470. 50 1. 4999 1.8525 324, 172.68
Harrison Butler Bros

387, 227 4. 4760 1,733, 228. 05 760, 901.06 972, 326. 99 2. 5110 2. 8980 1, 122, 183. 85
Maroco.
Evergreen..

74, 113 4. 1492 307, 509. 66 145, 632.04 161, 877. 62 2. 1842 2.6101 193, 442. 34 Alstead

do

211, 486 2. 8839 821, 390. 48 415, 569. 99 405, 820. 49 1. 91891 2. 5504 539, 373. 89 Draper

do.

75, 471 4. 4331 334, 570. 49 148, 300. 52 186, 269. 97 2. 4681 3. 2005 241, 544. 94 Greenway M

do

27, 299 3. 3928 92, 620.05 53, 642. 54 38, 977.51 1. 4278 2. 2457 61, 305. 36 Lamberton W. S. Moore.

22, 454 3. 9600 88, 917. 84 44, 122. 11 44, 795. 73 1. 9950 2. 9196 65, 556. 70 Wearne Hanna Iron

59, 400 3. 7450 222, 453.00 116, 721.00 105, 732.00 1. 7800 2. 7450 163, 053.00 Huntington Evergreen

6, 832 4. 8233 32, 952. 79 13, 424. 88 19, 527. 91 2.8583 4. 9342 33, 710. 45
Majorca. Pickands Mathcr. 116, 110 4. 2684 495, 603. 92 228, 156. 15 267, 447. 77 2. 3034

6,0346 700, 677.41
6, 621, 428 4. 2606 28, 210, 943. 80 13, 113, 476. 4015, 097, 467.40 2. 2801 2. 3963 15, 866, 885. 48
18, 487, 866 4. 4241 81, 791, 544. 43 36, 431, 027. 1045, 360, 517.33 2. 4535 2. 1023 38, 866, 626. 36

61, 729. 59
23, 801.52
1, 453. 53

526. 07
(18, 090.27)
(12, 707.17)
(81, 505. 14)
(46, 903. 67)
(37, 097.28)
(13, 439. 68)
(93, 106. 69)
(61, 702. 18)

[blocks in formation]

(.3390) (. 3526)

. 399

[blocks in formation]
[blocks in formation]

Total.

(. 1162)

(769, 418.08)

.620

Grand total

10| 45, 36

[blocks in formation]

Note.-The Scranton and Columbia mines on original report shown as beneficiating mines, were transferred to direct group because of small tonnage beneficiated.
NOTE.-Figures in parentheses indicate loss.

Net operating income is before provision for return on invested capital, depletion where mines are owned in fee and Federal taxes. Tax payments on ore reserves for mines not under production must be paid from operating rovenue derived from mines that are under production.

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