The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-02-25
|NTERSTATE.CALLAHAN
AS SEEN IN DULUTH
is WORTH DOUBLE PRICE OFFER.
ED-SOoN TO PAY DlVl.
bends is REPORT.

The greatness of the Interstate Cal
lahan has evidently made a profound
impression in Duluth where the con.
troll of the company is held. Promin-
ent officers and stockholders of the
company recently visited the mine, and
from the reports that have come back
since their return 1t is evident that
they are much enthused over what they
saw at the big zinc mine. The last Is
sue of skillings Mining and Market
Letter published in Duluth, has the
following comments on Interstate
Callahan in there separate articles. It
Isays:
Mine to Pay Dividends.
consolidated Interstate Callahan is
accommodating a substantial surplus.
and the assumption in mining and
stock market circles is that the com =
pany will at no distant day declare a
dividend policy and inaugurate dis
bursements to stockholders.
1.-THE company's property near Wal
lace, Idaho, contains great deposits of
zinc as well as of silver lead ores and
the high price which prevails for spell
ter enables the company to put money
to surplus rapidly. The assumption
that the company may inaugurate the
payment of dividends soon is based on
the knowledge that the company is en- =
joying much prosperity and that the
Ionly charge to be met is that of oper-
ating expense. The company has met
all of those costs incident to the pur-
chase of the Amazon Manhattan prop
erty, construction of the mill, the in
stallaton of large compressor and
electric haulage, and other improve
menta.
THE Interstate Callahan company Is
rapidly taking its place with the great
mining concerns of the country Dur
ing the month of January the company
! shipped 4022 tons of zinc product, aV-
eraging 80 per cent zinc. The Inter
state Callahan mine Is one of the most
important developments in the history
/ Of the Occur d'Alenes."
Stock Worth Double Amount Bid.
In a general comment on the stock
market, Skllings' publication says:
Interstate Callahan stock, which is
closely held, has been in demand this
week at So, but those stockholders who
| haI Va hot hhi
| holdings are easily worth twice that
amount or more on the present mine
showing, and it is no surprise that Of
ferings at the present bid price are al
most nil"
One of the Biggest Things in Mining
! In connection with the announce
ment that John A. Percival is about to
establish his residence in New York
Skllings' hands another boquet to the
Interstate Callahan in the following
style:
Mr. Percival is the secretary treas
urer of the Consolidated Interstate
Callahan, one of the great mining sue
cesses of the period. This company
will beyond any question soon rank il
prominence with Butte & Superior as
a zinc NINE and as a leadsilver mine
| in addition. 1t has taken lots of money
and that special optimism and courage
which are so essential to mining sue
cess, to prove up this company's great
property Mr.. Percival and his asso-
ciates possess these qualities; they
Iplayed for big stakes with the Inter
state Callahan, and have won. The
promoters of the company, who during
| the first few years of the development
put in tens of thousands individually
have won hundreds of thousands. It
has not fully dawned on the general
public as yet, but the Interstate"CaIla-
han is one Of the biggest things that
has happened in mining in America