The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-06-24

D1t IuGHUS LII VIC iliSA oiA iAloAitA
of the year total more than three mi
lions of dollars, the grand total II
that period amounting to $3,299, so
This includes the June dividends of tn
Hecla and Stewart.
The big feature of the year Is tn
entry of the Interstate Callahan int
the dividend class and the wonderfu
performance that mine is making eac
month in the matter of profit n
April quarterly dividends of 25 cent
per share were inaugurated, the sun
of $115,000 being distributed at tha
time. On July ] this regular dividend
will be augmented by the payment o
an extra dividend of 81 per share. o.
$575,000. This will bring the total foI
the company up to 100000 for the
first half Of the year. Production a,
the rate Of 6OO0 tons per month will
continue steadily from the mine and
the stockholders may look for heavy
dividends during the year
The Hercules, with an estimated
profit of 100000 monthly, heads the
list with $1,000,000 for five months.
operation, the mine being closed since
May 29 on account of smelter contract
troubles.
Huge Ore Reserves.
The Bunker Hill & Sullivan con-
tlnues its regular monthly disburse-
ment of $87 500 and has paid this
year a total of 100000. This big pro-
ducer, during the 30 years of it's ex
istence has shipped out a gross value
of $60,00O,000 worth of ore and has
ore reserves now blocked out to in
sure capacity operation for six years
without further development. The
Bunker Hill management has always
adhered to policy of developing orc
reserves far ahead o. operations and
at present has nearly four million tons
of ore in sight above the No. IA level.
Stewart pays the regular quarterly
dividend of 10 cents on June 90 call
ing for a disbursement of $125,S36 on
that date. Stewart earnings for the
past three months are placed at ap-
proximatey $220,000 April earnings
were $4,000 which increased to $S2.-
900 in May The total for June, owing
to the increased value of metals anc
increased output Of the mine, are ex-
pected to soar past the 100000 mark |
In April the directors paid an extre |
dividend of 10 cents per share and It Is |
thought probable that another extra |
disbursement of like amount will be !
forthcoming at an early date Earn
ings for the second quarter are ex
pected to reach $25O,000, as against
dividend requirements of $4,000 a.
the rate Of 10 cents quarterly and 10 /
cents extra. With profits at the rate
of 100000 monthly Stewart is earn
ing at the rate of 81 per share per
annum.
Caledonia has paid $312,600 during
the past six months and is looked upon
as one of the sure payers during the
next term. Ore reserves are reported
to be in excellnt shape and operations
are progressing at normal rate The
mine is shipping some of the highest
grade ore found in the district and Is
rapidly extending its ore reserves on
the lower levels.
Hecla Distributes $4,000.
Hecla this month goes back to it,
2 cent per share basis by distributing
100000 to stockholders. This brings
the total for the year up to $4,000.
The regular 2 cent rate will probably |
he maintained during the year with u
possible extra dividend occasionally. Ia
should the high metal market continue lr
in effect.
Success paid cents per share this Ia
month, totaling $4,000, and bringing
the payments for the half year up to IL
S105. 900 The mine is producing heav-
iy of zinc-lead ores and with presen' r
market conditions is well prepared to It
nav handsome returns to the stock Ii
holders during the year
Under anything like present condi- t
tians the past records of production u
and dividend disbursement in the $
Occur d'Alenes will be far distanceo
during the present year. The above IA
were all made on lead below t
the 4 cent mark and spelter at an av- p
crage of IL cents. During April pro- $
auction was but slightly over one-hat d
n armal, owing to low prices. and 1t Is
onlv in the past month that full op- ii
arations were resumed, Dividends for a
1915 will reach close to $8,000,OO0 In d
The Occur d'Alenes If the present prices ~
lre maintained.
No Serious Slump.
Some reaction has followed the SEN o
lump in metal prices but MIN n
Ing men are not looking for any seri- II
,us slump some falling off from the o
record prices Of last week being antici- q
atted Continued buying orders and
he demand for more metal in the war
zones Is a strong stimulant to the :,
Continued on page eight 4