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Show Calumet and Hecla Figures Show Copper Cost Is High . Reports of Subsidiaries Place Production Expenses at From 20.8 Cents to 22.62 Cents Per' Pound. If any concrete evidence is desired as to tho extraordinary levelB to which costs of copper production have risen, it is had in a survey of the annual reports of the four major subsidiaries of tlio Calumet & Ilecla Mining company Ahmeck, Osceola, Osce-ola, Isle Royale and Allouez, says the Boston Xcws Bureau. We set down below figures showing the output of each property in lfllS, the production pro-duction and selling expenses and the cost per pound for federal taxes. We show in another column tho amount which lias been included in production and selling costs for. depreciation and depletion. The figures are startling. It will be seen, for instance, that Ahmeck, the pride of the Kearsarj-o lode, was unable to make its copper last year'for less than 21.4 cents per pound. This is not a direct operating expense, of course, but includes $1,040,000 reserved for federal taxes an amount equal to 6.01 cents per pounl on (he copper cop-per actually produced In WIS. The producing pro-ducing and selling cost of 1-1.70 cents per Produced, lbs. Ahmeck 24.S51 '',15 Os,oeola 15,91!l,'6.17 Isle Royalo 15,4 42 5'iS Allouez 7,071 21S 1 pound includes 2.2 cents per pound foi depreciation a nd depletion. The remaining" pro per lies abfTVe mentioned men-tioned arc treated in t he name manner It is interest in?? to note that the. cos' ranges from "O.S0 cents per pound in th case of Islo Royalo to '-2.',2 cents in tin case of Allouez Isle Royalo, strange t( say. being the lowest of the four. This is due to relatively small reservation foi t ax f s meas u red a pai 1 1 s t tho co pp e r production, pro-duction, and also only 1.4 cents per pount charged to depreciation and depletion. Tho above four mentioned companies produced in 1U1S a tolal of 6y.-S4.60! pounds of copper, and they have reserved for federal taxes 52,TG3,9S3 equivalent tc 4. J cents per pound. Just how these companies are to "gel by" in 1910 with a 15-cent metal market if there are corresponding appropriations for taxes, depreciation and depletion, il is difllcult to see. Even with the rathei intangible deprcciat ion and depletior charge eliminated, the remaining cost t still far above the present current markel for the metal. v The table follows: Prod, and Cost per Dep. and Total fceil'g cost lb. for depletion cost per lb. taxes. per lb, per lb. 14.7?c 11 G.61c 2.52c Ul.40c IS. 16 4.15 a. 07 22.31 17.00 M.SiJ 1.4 4 L'O.SO 2U.22 n 2.40 2.81 22.62 |