The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-07-22
INTERSTATE CALLAHAN DECLARES EXTRA
D|V|DENDOF ALMOST A MILLION DOLLARS
DIVIDEND RECORD YEAR-succEss COMPANY
DISTRIBUTES 100000 AND OLD RELIABLE HEcLA COMES
THROUGH WITH $2oooo

Last Saturday the directors of the
Interstate Callahan Consolidated Min
ing company meeting in Duluth, de-
elared an extra dividend of 81 per
share, payable on August 10, and
amounting to $4,000. EARLY in the
present year this company announced
its first dividend, amounting to 81 per
share, payable quarterly at the rate of
rs cents per share The first of these
was paid on April /, $115000 The
second was paid on July /, to which
was added an extra dividend of 81 per
share, making total disbursement on
that date of $57500 This Is now fol-
| lowed before the month Is gone with
another extra dividend of 50 per share.
Or 100000. Regular dividends already
announced for the next two quarters
amount to $230000, bringing the grand
total for the year up to $3.50, 900. And
this Is not all The Interstate Gala
han company has smetler contract
that provides for the shipment of 5000
tons of zinc ore per month and with
the continuation Of the present high
price of spelter there is no doubt that
the earnings of the company will per-
NIT the disbursement of other extra
dividends on an equally large scale;
in fact the directors are quoted as
practically stating that such may be
expected. In that event 1t is not i'm
ha TnFn - ra1 ho 1txy
idends for the year may reach $4,000,
0OO
! In addition to the zinc shipments.
the Interstate Callahan also produces a
considerable amount of lead, which at
present prices is a considerable factor
In swelling its enormous profits.
Success Pays 100000.
! The regular monthly dividend of the
Success Mining company was paid last
Tuesday, being 4 cents per share and
amounting to 100000. This Is in ac-
cordance with the announcement of the
management few weeks ago and in
pursuance of the adopted policy of the
company to distribute among the
stockholders all the net earnings each
month above the permanent surplus of :
$150,000 While no official announce
ment has been made, there is good
ground for the prediction that next
month will see a substantial increase
over the dividend this month, possibly
double Shipments are understood to
be going forward practically to the
limit of the contract of 1000 tons per
month and the condition Of the spelter
market insures a continuation of big
profits.
The mine Is reported in excellent
condition. There is ore being mined
in practically every level, from the 500
to the 100, and a new level will soon
be opened at 1900. Sinking has been
suspended for the present while sta
tion is being cut at the 1900 for the in
stallation Of powerful pump which is
now on the ground When this is in
position sinking will be resumed.
HecIa Pays $4,000.
Dividend No 145 of cents per
share, amounting to 100000, was paid
last Tuesday by the Hecla Mining
company This brings the total for
the year up to $4,000 and the grand
total for the mine to date up to $3,3O0,
900. The advance in the price of lead
and the consequent resumption of nor
NAL output of the mine justify the ex-
pectation that the company will in
crease Its dividends at an early date.