The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-10-26
HECLA ORE BODIES AND EARNINGS CAUSE
SENSATIONAL RISE IN PRICE Of STOCK
ADVANCE SEEMS FULLY WARRANTED SPLENDID OUTLOOK
FOR THE PRoPERTY-LAReE ADDITION TO MILL NEW
SORTING PLANT AND CONCRETE DRY ROOM

terday at SO bid, 1912 asked Evi-
IDENTIFY the investing public is waking
M to the fact that it has been pass
ing up a good thing for which happy
situation the Miner is pleased to have
contributed to some extent The in
formation contained in the last issue
of this paper was we'll within the facts,
and the rapid advance of the stock
is fully justified in view of the splen-
did condition, the high price of lead
and the favorable outlook in the metal
market. At valuation of $40 per
share Hecla is now paying at the rate
of IS per cent, to say nothing of the
surplus it is earning above the divi-
,dend payments. While paying $3.50, 600
per month, it is learned from reliable
sources that the actual earnings are
very near if not quite 100000 per
month. The company maintains a
fixed reserve fund of $500, 600, and the
surplus earning during the past few
months are understood to have raised
this to above $500,000. Rumors are
rife that the company will pay an
extra dividend next month, but on this
point there is no official information.
Hecia's Dividend Record.
Last week Hecla paid dividend No.
161 Of Is cents per share, amounting to
$150,000 Total dividends paid in ten
months of 1916, $1,250,OO0, and grand
total paid by the mine, $5,005,000. The
number of this dividend means that
for 161 months or for 13 years and 5
months, Hecla has paid a dividend
without a break, not always Is cents
but never a month without a divi-
dend. These large payments have all
been made from the original Hecla
vein, which has been explored to a
depth of 1900 feet and which still con-
tains large ore reserves sufficient to
run at the present rate of production
for a period of years, and with a
reasonable certainty of 600 feet or
more of depth to be mined. But
Hecla is about to begin life anew for
the east vein, parallel to the old one,
promises to duplicate the record al
Itduy lIlcdc' IIILllII3 lletS pSSl Slcli lSh
on this vein on the 800 level and the
showing of galena continues practical
ly the same as described in the last
issue of the Miner
A Third HecIa Vein.
That there is a third vein in the
Hecla ground of which nothing seems
to have been known outside of those
Immediately connected with the mine
has been learned during the past week,
and this may add another important
resource to the property. This vein
is south of and parallel to the old vein.
1t has been intersected by a crosscut
from the 900 level and shows consider
able ore enough to enthuse about in
any other place Nothing has been
done toward exploring this vein, but
according to the description it pro-
misses to develop into another great
ore bearing fissure.
Enlarging the Mill.
An addition is being made to the
Hecla mill at Gem which will increase
it's capacity $50 tons a day, or total
of 700 tons This addition will be
equivalent to the tonnage that is now
being run through the Federal mil
that is being used by the Hecla under
lease. The recent information regard
ing the large ore shoot in the east
ters that the Hecla company will re-
tain it's lease on the Federal mill aftel
the addition to it's own mill is com
pleted, as the mine will be in position
to supply ore for the two mills Withou
difficulty, giving the company a com
bined milling capacity of over 900 tons
per day.
Shipments of Crude Ore.
Another important factor in the pro
duction of the Hecla is the large ship
ments of crude ore, which will receiV
substantial increase when the eas
vein is drawn upon. Preparation TO
this increase probably had somethln
to do with the new sorting plant tina
is now being erected at the mine. Jus
how much crude ore is shipped by tn
Hecla is not known, but it is certai
that 1t is big item in the company
shipments and will be largely increase
with the completion of the new plan
Another improvement in progress
the mine is modern dry room, bull
of concrete, and possessing every feat
ure that will contribute to the con
venience and comfort of undergroun
employees. This Improvement Is chal
acteristic of the Hecla management
the safety and welfare of employees be
ing the first consideration.
Murderer-Is this the guy VINO is
defend me?
Judge--Yes: he's your lawyer