DIRECT SHIPPING MINES WITH NET OPERATING INCOME UNDER $0.30 AND WITH LOSSES $216, 638. 44 13, 967. 53 G. N. Stevenson. Republic Steel. 406, 515 4. 1800 Do. Scranton. Hoyt Mng. Co.. 654, 570 3.4649 D. M. Prindle. Oliver Iron. 566, 283 3. 4427 1,699, 232.70 2, 268, 019. 59 1,949, 542. 48 Do. Canton. do. 67, 014 3.3994 227, 807. 39 131, 736. 12 96, 071. 27 1.4336 1. 3332 89, 343. 06 .1004 6, 728. 21 009 G. N. & D. M. Albany. Crete Mng 303, 239 3. 9397 1, 194, 670. 69 596, 107. 23 598, 563. 46 1.9739 1.8941 574, 364.99 .0798 24, 198. 47 6264 G. N. Longyear. Inter-State Iron. 322, 924 3. 8819 1,253,558. 68 634, 804. 00 618, 754. 68 1.9161 1.8793 606, 871. 07 0368 11, 883. 60 4819 Do. Norpac... Hanna Ore Min 139, 509 3.737 521, 345. 13 274, 246. 79 247, 098. 34 1.7712 1.7488 243, 973. 34 .0224 3, 125.00 2763 48, 855. 73 (.0312) (821.90) .4403 D. M. Schley.. No. Range Min 84,008 3.9767 334, 074. 61 165, 142. 93 168, 931. 68 2.0109 2.0660 173, 560. 53 (.0551) (4,628.84) 3315 1 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 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 royalty tax payments per ton BENEFICIATING MINES WITH NET OPERATING INCOME BETWEEN $1 AND $0.30 ing. Do. D. M. Patrick Loc. Butler Bros. 1,060, 185 4. 5880 4, 864, 128. 78 Oliver Iron...... 849, 174 4. 4022 Hanna Ore. 916, 524 4.4360 3, 738, 233. 78 4,065, 700. 46 Danube. Do. Hill Annex. Draper An Hanna Iron Ore. 486, 450 4. 6310 2, 252, 749.95 No. Uno. N. P. Balkan Mining. 605, 825 4.2720 4.7565 2,387, 278 4. 3855 801, 576. 72 2,881, 606. 61 10, 469, 407. 67 5,776, 496. 58 90, 343. 19 2, 101, 690.50 1, 463, 846. 71 2.4197 2.0421 4,875, 060. 40 .3776 901, 436. 16 8522 2.6420 2. 2771 77, 865. 43 .3649 12, 477.76 .3868 10, 020, 691 4. 4736 44, 828, 361. 69 19, 698, 674. 36 25, 129, 687. 33 2.5078 2. 0030 20, 071, 104. 11 .5048 5, 058, 583. 19 .6429 BENEFICIATING MINES WITH NET OPERATING INCOME UNDER $0.30 AND WITH LOSSES Mesaba Cliffs.. Evergreen Mines. Do. Galbraith Butler Bros. 375, 921 4.6750 1,757, 430. 68 G. N. & D. M. Douglas... Evergreen 439, 180 4, 2441 1, 863, 923. 84 G. N. Argonne. Mines. do... 338, 506 4. 6582 1, 576, 828. 65 665, 435. 09 911, 393. 56 2.6924 2.6072 882, 552. 84 .0852 28,840. 71 .7420 Do. Hawkins. Int'l Harvester. 428, 032 4.3737 1,872, 083. 56 841, 425. 31 1, 030, 658. 25 2.4079 2.3247 995, 045. 99 .0832 35, 612. 27 .8918 Do. Harrison Loc. Butler Bros.. 179, 951 4.6640 839, 291. 46 353, 747.68 485, 543. 78 2.6982 2.6736 481, 116. 99 .0246 4, 426.79 6254 D. M. Margaret. C. W. Moore. 52, 430 3.8475 201, 724. 43 103, 066. 89 98,657. 54 1. 8817 1.8684 97, 960. 21 .0133 697.31 . 5210 G. N. St. Paul-Day.. Republic Steel.. 183, 368 3. 8510 G. N. & D. M.. Niles. Oliver Iron. 97, 215 4. 1721 G. N. D. M. Bennett. Bennett Mining. 693, 871 4. 1548 Webb. Snyder Mining. 831, 834 4. 1650 Maroco. Evergreen 84, 931 4.3442 Mines. Evergreen. do.. 335, 417 3.7799 1, 267, 842. 72 659, 362. 74 608, 479.98 1.8141 2. 2131 742, 311. 36 .3990) (133, 831.38) .0461 D. M. Sullivan Taylor Mining.. 5, 181 4. 8700 25, 231. 47 10, 184. 81 15, 046. 66 2.9042 3.5961 18, 631. 39 6919) (3, 584. 73) .3868 N. P. & Soo. Do. Portsmouth. Hanna Iron Ore. 262, 824 3. 7000 972, 448. 80 516, 659. 42 Alstead Group. Evergreen 420, 077 3.7164 1, 561, 174. 16 825, 787.37 455, 789. 38 735, 386.79 1. 7342 2.4959 655, 982. 42 (.7617) (200, 193.04) 5326 1.7506. 2. 5306 1,063, 046. 86 (.7800) (327, 660. 06) 6230 Mines. 134, 366. 71 Evergreen Mines. 54, 788 4.4954 246, 293.98 96347-50-ser. 14, pt. 4b-4 Grand total.. 1 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 revenues derived from mines that are under production. NOTE.-Figures in parentheses indicate loss. EXHIBIT S-25 Minnesota iron ore production for underground mines based on 1944 occupation-tax reports adjusted to show true costs; also royalty and royalty tax payments per ton DIRECT SHIPPING MINES WITH NET OPERATING INCOME BETWEEN $1 AND $0.30 Name of railroad Name of property Operated by Tons Full market per ton, value, lower Lakes Lakes value costs per ton per ton per ton 1 tax per ton (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) D. M. Zenith. Vermillion. 635, 233 $5. 1478 $3, 270, 052. 44 $1, 248, 741.03 $2, 021, 311.41 $3. 1820 $2. 6709 $1,696, 643. 82 $0. 5111 $324, 667.59 $0.4807 DIRECT SHIPPING MINES WITH NET OPERATING INCOME UNDER $0.30 AND WITH LOSSES 1 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 revenues derived from mines that are under production. NOTE.-Figures in parentheses indicate loss. |