The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-06-03
|NTERSTATE-CALLAHAN Makes GREAT
DIVIDEND RECORD N FIRST HALF YEAR
COMPANY WILL PROVIDE COTTAGES EN-
PLoYEo IN NEUTRALITY-SUSPICIOUS.
coMPLETED-WiLL HAVE WATER

On July l the Interstate Callahs
company will distribute among /
stockholders $575000. Shortly aft
the first Of the year the company al
nounced a dividend for the currel
year of 81 per share, payable quarter
at the rate of 25 cents per share. TT
first of these, $115,O00, was paid O
April l. The next is payable July
to which has now been added a specit
dividend of 81 per share payable at tn
same time, making the total to be pal
on that date as above stated an
bringing the total dividends for tn
first half of the year to $690,000 Th
price of spelter has steadily advance
since these earnings were accumulat
ed, and while there may be a limit t
its steady ri~e, it is safe to ASSUME
that there will be no decline so long a
the demands of war continue. Unde
the circumstances an estimate Nigh
be made as to what the company
would pay during the next six months
or the next year, but what's the USE
II makes one dizzy to contemplate II
Yesterday spelter was quoted at 500
per hundred. The TnterstateCallahan
when the improvements to the mill are
completed, will be able to earn a good
profit when the price is SIS per hun
dred. so that the company has nothing
to fear when the break comes.
Plenty of Water.
But there are other interesting
things in connection with the Inter-
state Callahan as well as it's dividends
1t has been a common comment in dis
cussing the companys mill that there
is shortage Of water. That is prob
ably true, but within the next few
weeks the company will have an
abundance of water, not through oo-
tanning an additional supply, but by
conserving what they have and using
it over again. A new system will be
introduced by which the water after
passing through the mill will be di-
verted into tank and pumped back
to be used again instead of being used
to slulce away the tailings. AT the
same time drags will be introduced to
keep the tailings moving. When these
ana other improvements in the mill
are completed the company expects tn
make a 90 per cent recovery and the !
ratio of milling ore to concentrates viii
be less than 2 to /.
No New Mill.
Last fall the company secured a
milsite at Enavile, and the filing of
the deed a few days ago started the
report that a mill would be erected /
there at an early date. 1t can be sta--
plans for placing a mill there, the site
being secured as a protection againts
possible failure of water supply and
with the view to possibly using ii
should the future development Of the
mine render it desirable. At the pres
ent rate of production the ore reserves
above No tunnel are conservatively f.
estimated to last four years, and the p,
present mill will certainly be utilized
for that period at least.
The new tramwav from the mill tn
Sunset station will be in operation /
soon after the first Of July, which viii /
the expensive wagon haul TO r
the railroad. The foundation for the T
towers are completed and the towers t
are all framed, and will be in readiness n
for the cables and other fixtures when C
they arrive. E
Employ Married Men. p
The Interstate Callahan company
now has on its payroll about 260 men -
Among these are a considerable num- ,
Der of married men and the company
evidently wants more of that type. The .
will encourage married en- Il
oloyes to bring their families to the II
mine and make their homes there. AL e
ready the company has a large num- u
Der of cottages occupied by employees,
and during the summer eighteen or .
wenty more will be erected. A good {"
public school is maintained at the
IIllt, anu llIt COllplHS WIN V'Noui'SV
men with families to make their home.
here The quarters of single men en- p
Doyed by the company is also to re-
'eive attention. and plans are now be-
ng worked out to enlarge the board ST
ng house and provide it with an ample II
md up-to-date dry room. @,
Robbers Returns From the East. f.
The main office of the Interstate II
company remains in Duluth, y
,ut a branch office has been opened n
n New York in charge of John A. Per- h
,ival, secretary. John Fl Robbers q
president and general manager of the 4
'ompany, returned the first of the =,
week after an absence of several "
weeks. most of which time was spent
n Duluth and New York He reports
business generally good, due, as in the b
'ase Of the strong demand and high n
'1ees OF metals to the demands Of the q
" pean war He was in New York s.
- the time of the great naval review ii