Page images
PDF
EPUB

EXHIBIT S-22
Minnesota iron ore production for underground mines, based on 1943 occupation tax reports, adjusted to show true costs; also royalty and royalty

tax payments per ton

UNDERGROUND

DIRECT SHIPPING MINES WITH PROFITS BETWEEN $1 AND $0.30

[merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small]

D. M.

Zenith

Vermillion.

834, 540 $5. 1530 $4, 300, 384. 62 $1, 639, 871.10 $2,660, 513.52 $3. 1880 $2.5163 $2,099, 953.00

$0.6717

$560, 560.52

$0.471

UNDERGROUND
DIRECT SHIPPING MINES WITH PROFITS UNDER $0.30 AND WITH LOSSES

$0.276

276

D. M.
G. N.
D. M.
Cuyuna
G. N.
D. M

Do.
Do.
Do.
Do.
Do

Godfrey

Oliver
Agnew

Int'l Harvester
Canton.

Oliver
Armour No. 1. Inland Steel
Sargent.

Int'l. Harvester
Sibley.

Oliver
Pioneer

do.
Soudan

do.
Minnewas. Evergreen
Leonidas. Oliver
Shennago. Snyder

221
574
332
519

627, 912 $4.0736 $2,557, 862.32 $1, 233, 847.08 $1, 324,015. 24 $2.1086 $1.9338 $1, 214, 256.23 $0.1748 $109, 759.01
268, 043 4. 1597 1, 114, 978. 47 526, 704, 50 588, 273.97 2. 1947 2. 0215 541, 848. 92 . 1732 46, 425.05
68, 949 3. 3378 230, 137.97 135, 484, 79 94, 653. 18 1.3728 1.3238 91, 274. 68 0490

3, 378. 50
299, 692 3. 8580 1, 156, 211, 74 588, 894.78 567, 316.96 1. 8930 1. 8699 560, 394, 07 .0231 6, 922. 89
159, 357 4, 2387 675, 466. 52 313, 136.51 362, 330.01 2. 2737 2. 3454 373, 755. 91 (.0717) (11, 425. 90)
233, 956 5. 4496 1, 274, 966. 62 459, 723.54 815, 243.08 3. 4846 3. 8676) 904, 848. 23 (.3830) (8,605. 15)
519, 420 5. 2200 2, 711, 372, 40 1,020, 660.30 1,690, 712. 10 3. 2550 4. 7987 2, 492, 540.75 (1.5437) (801, 828. 65)
194, 322 5. 9403 1, 154, 330.98 381, 842.73 772, 488. 25 3. 9753 6. 1402 1, 193, 175, 95 (2. 1649) (420, 687. 70)
53, 617 4. 3643) 234, 000. 67 105, 357. 41 128, 643. 26 2.3993 4.8512 260, 106.78 (2.4519) (131, 463.52)
42,351 4. 2765 181, 114.05 83, 219.72 97,894.33 2.3115 6. 6172 280, 245. 03 (4,3057) (182, 350.70)

4, 789 2. 9800 14, 271. 22 9, 410.39 4, 860.83 1. 0150 16. 6793 79, 877.16 (15.6643) (75,016. 33)
2, 472, 408 4.5723 11, 304, 712.96 4,858, 281.75 6, 446, 431. 21 2.60733, 2360 - 7, 992, 323. 71 (. 6253)|(1, 545, 892. 50)
3, 306, 948 4. 7189 15, 605, 097.58 6,498, 152.85 9, 106, 944.73 2. 7539 3.0518 10,092, 276. 71 (. 2979) (985, 331. 98)

561
. 571
1. 115

Total.

.328

Total underground direct shipping

. 364

UNDERGROUND-BENEFICIATED MINES WITH PROFITS UNDER 30 CENTS AND WITH LOSSES

[blocks in formation]

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 for mines not under production must be paid from operating revenues derived from mines that are under production.

NOTE.-Figures in parentheses indicate loss.

EXHIBIT S-23
Minnesota iron ore production for open pit mines, based on 1944 occupation tax reports adjusted lo show true costs; also royalty and royalty tax

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

[blocks in formation]

Mahoning

$0.1381

G. N. & D.M.
D.M.

Do
Do.
Do.
Do
Do

.000
.000

Rouchleau.
Hartley
Hull Rust
Mount Iron.
Pillsbury-
Glen

Pickands Ma- 2,027, 498 $4.6681 $9, 464, 563.41 $3,985, 655. 57 $5, 478, 907.84 $2.7023 $1.0731 $2, 175, 708.10

ther.
Oliver Iron. 4,391, 157 4.5517| 19, 987, 229. 32 8,632, 136. 43 11,355, 092.89 2. 5859 . 9722 4,269, 082. 84
.do

798, 471 4. 30121 3, 434, 383. 47 1, 569, 634. 29 1, 864, 749, 18 2. 3354 .91821 733, 156. 07
do

18, 674, 190 4.3956 82, 084, 269.56 36, 709, 722.70 45,374, 546. 86 2. 4298 1. 062219, 835, 724. 62
..do

2, 400, 868 4. 2365 10, 171, 277, 28 4, 719, 626.31 5, 451, 650.97 2. 2707 1.1737 2,817, 898. 77
M.A. Hanna. 17, 029 3. 532 60, 146. 43 33, 475. 61 26, 670.82 1. 5662 .4821

8, 209.68 Oliver Iron. 349, 320 4. 1444 1, 447, 721.81 686, 693. 26 761, 028.55 2. 1786 1. 1064 386, 487.65

28,658, 533 4. 4193 126, 649, 591. 28 56, 336, 944. 17 70, 312, 647.11 2. 4535 1. 0547 30, 226, 267.73

$1. 6292 $3,303, 199.74
1.6137 7,086,010.05
1. 4172 1, 131, 593.10
1.3676 25, 538. 822. 24
1. 0970 2,633, 752. 20
1. 0841 18, 461.14
1. 0722 374, 540.90

2579
1875
000
2785

Total

1. 3988 40, 086, 379.37

. 1969

DIRECT SHIPPING MINES WITH NET OPERATING INCOME BETWEEN $1 AND 30 CENTS PER TON

$0.2763
0

3315
.4862

D. M.

Leonard Burt. Oliver Iron..
G. N
Sharon.

do.
D. M.
Julia Annex

do.
G. N.
Susquehanna - Susquehanna

Ore.
G. N. & D. M. Wacootah Wheeling Steel..
D. M

Fraser

Oliver Iron...---
Do.

Leonard Fee do
Do

Biwabik. Biwabik Mng-
G. N.

Wabigon. M. A. Hanna...
Do.
Grant

Inter-State Iron.
N. P. & Soo.. Snowshoe Rhode, Fryberg-

er & Leach.
D. M. & I. R... Gilbert.

Oliver Iron
G. N.
Annie.

Zontelli Bros.
G. N. & D. M. Morris.

Oliver Iron
D. M.

Spruce Adams do.
N. P. & Soo.. Mahnomen. Cuyuna Ore
D. M

Virginia Snyder Mining Do...

Missabe Mt. Charleson Iron..

1, 105, 652 $4. 2153 $4, 660, 654. 88 $2, 173, 490.70 $2, 487, 164, 18 $2. 2495 $1. 2678 $1, 401, 745. 61
289, 397 4. 3335 1, 254, 101, 90 568, 896. 62 685, 205. 28 2.3677 1. 4858 429, 986.06

6,070 4. 7090 28, 583.63 11, 932. 41 16, 651.22 2. 7432 1. 8640 11, 314, 48
945, 102 4. 2680 4,033, 695.34 1,857, 881.512, 175, 813.83 2. 3022 1. 4425 1,363, 309.64

302, 982 4. 0110 1,215, 260.80| 595, 602.02 619, 658.78 2. 0452 1. 2159 368, 395. 81
1, 256, 744 4. 2058 5, 285, 613. 92 2, 470, 507.36 2, 815, 106.56 2. 2400 1. 4333 1,801, 291. 18

35, 721 3. 5875 128, 149.09 70, 220. 34 57, 928.75 1. 6217 .8265) 29, 523. 41
333, 882 3. 9914 1,332, 656. 61 656, 345, 24 676, 311.37 2. 0256 1. 3074 436, 517.33
778, 412 4. 3280 3,368, 967. 141, 530, 202. 31 1, 838, 764.83 2. 3622 1. 6459 1, 281, 188.31
179, 601 4, 3777 786, 239.30 353, 059. 65 433, 179.65 2. 4119 1. 7500 314, 301.75
117, 341 4. 3553 511, 055.26 230, 668.94 280, 386.32 2. 3895

1. 7475 205, 053. 40
365, 762 4. 2964 1,571, 459. 86 719, 014, 94 852, 444. 92 2.3306| 1.7558 642, 204. 92

5, 277 4. 1352 21, 821. 45 10, 373. 53 11, 447.92 2. 1694 1. 6192 .8, 544, 52
1, 147,089 3. 9746 4,559, 219.94 2,254, 947.56 2, 304, 272. 38 2. 0088 1. 4733 1,690,006, 22
2, 443, 396 4. 4057 10, 764, 869. 76 4,803, 227. 86 5,961, 641.90 2. 4399 2.0869 5,099, 123. 10

404,766 3. 8302 1,650, 334. 73 795, 689.00 754, 645. 73 1. 8644 1. 5212 615, 730.04

265, 022 4. 2330 1, 121, 838. 13 520, 980.25 600, 857.88 2. 2672 1. 9292 511, 280. 44 1, 215, 484 4. 4619 5, 423, 368.06 2, 389, 398. 45 3,033, 969. 61 2. 4961 2. 2157 2, 193, 147. 90 9,082, 2161 4. 2270 42, 194, 621.74| 19, 023, 040.24 22, 671, 481. 50 2. 2612 1. 0238| 16, 200, 510. 22

$0.9817 $1,085, 418. 57

8819 255, 219. 21
8792 5,336. 74
8597 812, 504. 19
8293 251, 262. 97
.8067 1,013, 815. 38
7952 28, 405 34
7182 239, 794.05
7163 557, 576, 52
6619 118, 877.90
6420 75, 332, 92

2680

2617
0
3066
6950
6144
5394

.5748
5502
5355
3530
3432
3380
. 2804

210, 240.00

2, 903. 41
614, 266.16
862, 518. 79
138, 915, 69

89, 577. 44
340, 821. 71

0

3868
2854
5652
4307
.5448
1.4408

Total

.6373

6, 361, 065. 28

1029

DIRECT SHIPPING MINES WITH NET OPERATING INCOME UNDER $0.30 AND WITH LOSSES

.000

D. M.

Do.
G. N.

Do.
D. M.

Do.
G. N. & D. M.
G. N.

Do.

Sauntry
Duluth.
Stevenson.
Scranton
Prindle..
Canton.
Albany.
Longyear.
Norpac...

49, 111 $4.4112

3, 255 4. 2911
406, 515 4. 1800
654, 570 3. 4649
566, 283 3. 4427

67, 014 3. 3994
303, 239 3. 9397
322, 924 3. 8819
139, 509 3. 737

$120, 096.04 $2.4454 $2. 2525

7, 568. 85 2. 3253 2. 1354
900, 105.51 2. 2142 2. 0275
981, 265. 88 1. 4991 1.3416
836, 343. 36) 1. 4769 1.3548

96, 071. 27 1. 4336 1. 3332
598, 563. 46 1.9739 1.8941
618, 754. 68 1. 9161 1.8793
247, 098.34 1.7712 1.7488

$110, 622. 53

6,950. 73
824, 209. 16
878, 171. 11
767, 200.21

89, 343.06
574, 364. 99
606, 871.07
243, 973. 34

$0. 1929

1899
1867
. 1575

1221
. 1004

0798
0368
. 0224

$9, 473. 51 $0.000

618. 12
75, 896, 35

. 2210
103, 094. 78 3635
69, 143, 15 2804

6, 728. 21
24, 198. 47 6264
11, 883. 60 . 4819
3, 125.00 . 2763

.00!

Oliver Iron.

do
Republic Steel..
Hoyt Mng. Co..
Oliver Iron..

do.
Crete Mng
Inter-State Iron.
Hanna Ore Min-

ing.
Inter-State Iron
No. Range Min-

ing.
Lake Mining
Taylor Mining
Evergreen Mines
Inland Steel.
Oliver Iron..

do.
do

So. Longyear.
Schley.

Do
D. M.

$216, 638. 44 $96, 542. 40

13, 967. 53 6,398.68
1, 699, 232. 70 799, 127.19
2, 268, 019. 59 1, 286, 753. 71
1, 949, 542. 48 1, 113, 199. 12

227, 807.39 131, 736, 12
1, 194, 670. 69 596, 107.23
1, 253, 558. 68 634, 804. 00
521, 345. 13 274, 246. 79

99, 818.90 51, 785. 07
334, 074.61 165, 142.93
5, 188, 218.79 2, 507, 067.30

160, 565. 41 68, 871.80

321, 379.72 185, 950.92
1, 186, 373. 12 777, 572. 19
1, 248, 557.01 540, 274, 57

10, 623. 95 4, 662.88
10, 213.07 4,566. 55

26, 343
84,008

3. 7892 3. 9767

.4403
3315

Do.
Do .

Do.
G. N.
D. M.

Do.
G. N.

Embarrass.
Minnewas.
Alice
Atkins
Fayal.
Hartley Burt
Iron Chief.

1, 275, 342

35, 035
94, 593
395, 550
274, 837

2, 372
2, 323

4.0681
4. 5830
3. 3975
2. 9993
4. 5429
4. 4789
4. 3965

48,033. 83 1.8234 1. 8546 48,855.73 (.0312)

168, 931. 682.0109 2. 0660 173, 560. 53 (. 0551)
2, 681, 151. 49 2. 1023 2. 2322 2,846, 818. 41 (. 1299)

91, 693. 61 2. 6172 2.8215 98,851. 25 (. 2043)
135, 428.80 1. 4317 1.7845 168, 801. 21 (.3528)
408, 800.93 1. 0335 1.5862 627, 421.41 (.5527)
708,282. 44 2. 5771 3. 7358 1, 026, 736. 06

(1. 1587)
5, 961.07 2. 5131 11. 3647 26, 957.07 (8.8516)
5, 646.52 2. 4307 16. 9278 39, 323. 28 (14. 4971)

(821. 90)
(4, 628. 84)
(165, 666.93)

(7, 157.65)
(33, 372. 41)
(218, 620.49)
(318, 453. 63)
(20, 996. 00)
(33, 676. 76)
(158, 411. 71)

[blocks in formation]

Total

5,918, 307

1. 9759

2. 0026 11, 852, 179.05

(. 0268)

.6182

3.9417 23,327,975. 27 11,634, 207.90 11.693, 767.37
4. 3128 192, 172, 088. 29 87, 594, 192. 31 104, 577, 895. 98

Grand total

44, 559, 056

[blocks in formation]

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

NOTE.— Figures in parentheses indicate loss.

EXHIBIT S-24
Minnesota iron ore production for open pit mines based on 1944 occupation tax reports adjusted to show true costs; also royalty and roytalty tax

payments per ton
BENEFICIATING MINES WITH NET OPERATING INCOME OVER $1

[blocks in formation]

Full
Mine

Royalty

Net oper-
Full market

ating
market produc-Total produc-

Total

and

oper-
tion

mine
mine value

royalty

income ating income value

tion costs costs

tax per per ton per ton

ton

per ton1

[blocks in formation]

BENEFICIATING MINES WITH NET OPERATING INCOME BETWEEN $1 AND $0.30

[blocks in formation]

Do

.6369
5720
.5488

.6378
2763
.6871

N. P. & Soo Sagamore Sagamore.

470, 950 $4.3027 $2,060, 778.17 $941, 519.91 $1, 119, 258. 26 $2,3369 $1.9164 $917, 859. 78
D. M

Corsica
Corsica.

348, 390 4. 4173 1,538, 943. 15 648, 865.06 854, 078. 09 2. 4515 1, 9739 687, 687.02
G. N. & D. M.. Columbia. Inter-State

597, 174 4. 2551 2, 541, 035. 091 1, 173, 924. 65 1,367, 110.44 2. 2893 1. 3686 817, 292. 34 G.N.

York

York Mining 118, 392 4.6588 551, 564. 65 232, 734.99 318, 829. 66 2. 6930 1.8344 217, 178. 28
Do.
Canisteo. Canisteo Min- 567, 146 4. 6198 2, 620, 101.09 1,114, 895. 61 1, 505, 205. 48 2. 6540 1.8703 1,060, 733. 16

ing.
Patrick Loc. Butler Bros 1,060, 185 4. 5880 4,864, 128. 78 2,084, 111. 67 2,780, 017. 11 2. 6222 1.9853 2, 104, 785.28
D. M.
Gross Marble Oliver Iron.

849, 174 4. 4022 3, 738, 233. 78 1, 669, 306. 25 2,068, 927. 53 2. 4364 1.8644 1, 583, 200.01
G.N.

Mississippi Hanna Ore...--- 916, 524 4. 4360 4,065, 700.46 1,801, 702.88 2, 263, 997.58 2. 4702 1.9214 1,761, 009.21

Group.
Draper An- Hanna Iron Ore.

486, 450

4. 6310 2, 252, 749.95 956, 263. 41 1, 296, 486.54 2. 6652 2. 1199 1,031, 225.36
nex.
Do
Aromac
Argonne Ore. 187, 635 4. 2720 801, 576. 72 368, 852.88 432, 723. 84 2. 3062

1. 9051

357, 463.44
Danube

Balkan Mining - 605, 825 4. 7565 2,881, 606, 61 1, 190, 930. 79 1,690, 675. 82 2. 7907 2. 4018 1, 455, 070. 49
Hill Annex. Inter-State. 2,387, 278 4.3855 10, 469, 407. 67 4,692, 911.09 5, 776, 496.58 2. 4197 2.0421 4,875, 060.40
Do.

No. Uno. NP Carl Hedman. 34, 195 4. 6078 157, 563. 72 67, 220.53 90, 343. 19 2. 6420 2. 2771 77, 865. 43
Do.
Hill Trumbull Mesaba Cliffs. 787, 150 4. 6358 3,649, 069. 97 1, 547, 379.47 2, 101, 690.50 2. 6700

2. 3058 1, 815, 010. 47 Do. Weggum.. Philbin Mining

596, 223

4. 4210 2, 635, 901.88 1,172, 055. 17 1, 463, 846. 71 2. 4552 2. 1407 1, 276, 334. 58 Total.

10,020, 691 4. 4736 44, 828, 361. 69 19, 698, 674.3625, 129, 687.33 2. 5078 2. 0030 20,071, 104. 11

[ocr errors]

. 5453

: 8641

675, 231.83
485, 727.53
502, 988. 37
265, 261. 19

75, 260.40
235, 605. 33
901, 436. 16

12, 477. 76
286, 680.03
187, 512. 13

. 4011
.3889
.3776
.3649

3642
.3145

Do
Do

[blocks in formation]

. 5048

5,058, 583. 19

.6429

« PreviousContinue »