The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1920-01-29
NEW RECORDS LOOM
FOR BIG PRODUCER
Dividend Payments
Soon From Inter-
state-Callahan
NOW HAS $50 MINERS
New Ore Bodies Add Great
Tonnage to Mines
Reserves
NOW HAS $50 MINERS
"1HE IMMEDIATE resumption of

dividends will in all probability
result from the quarterly meet
ing of directors of the Consoli-
dated Callahan Mining
company, to be held February 1G. Ac-
cording to reports from New York the
directors will hold their meeting in
Wallace and pay the mine an official
visit at that time.
The big Nine Mile property has
dividend credit of $6966,OS2, all paid
within a period of four years. Dur
ing 1915 the mine yielded $2,557,445 in
dividends and beat this record in 1916
by sharing $2,7S9,940 with its stock
holders. In 1917 the return TO the
owners of shares was $929,9SO and in
1918 $6SS,717. Owing to poor markets
and shortage of labor no disburse-
ments were made last year, the COM
pany holding a large balance in re-
serve for federal taxes and future
emergencies.
President Issues Statement.
In the following statement to the
stockholders, issued this week, John
A. Percival, president of the corpora
tion, speaks in an optimistic tone rel
ative to the work under way and the
future prospects for the mne
"The Consolidated Interstate Gala
han Mining company is fast returning
to its normal shipments after a long
period of inactivity during 1919. The
shipments for December amounted to
100000 pounds of so per cent zinc
concentrates, 100000 pounds of lead
concentrates and $4,000 ounces OF Sill
yer, as compared with 5,SO0,00O pounds
of so per cent zinc concentrates, q
100000 pounds of lead concentrates
and 10000 ounces of silver for the
month of November, 1919. 1t is con-
fidently expected that January oper-
ations will show a considerable IN
crease over December's good record,
and from now on the company Will
shin its full average tonnage, which is
approximately 100000 pounds or
zinc product, 100000 pounds of lead
product, and $4,000 ounces of silver
per month. The Consolidated Inter-
state Callahan company is one OF the
largest producers of zinc in the Unit
ed States and during the past year
has practically doubled its lead-sil-
yer shipments.
"The zinc shipments are now aver
aging so per cent as against 40 per
cent zinc in former years; the leao
shipments now assay 50 per cent as
against an average Of so per cent
heretofore, and the silver now aver
ages 20 ounces to the ton, as compar-
ed with Is to II ounces formerly.
Better Recovery From Mill.
"The greater metal recoveries from
the ore and the higher assays are the
result of the alterations and additions
made at the mill during the time the
property was idle. New flotation ma
chimes were added, the ore crushing
machinery was increased a new Har-
dinge mill was installed and sorting
plant was built and other changes
made in the mill which have brought
about these results.
"Deyelopment work in the mine was
also pushed rapidly and resulted III
opening up a new ore body running
very rich in zinc and lead silver. rms
new ore body has already added nm
mensely to the known ore reserves IN
the mine, and the development WORK
now being carried on in this ore pods
is proying that its full extent and SIZE
are not yet known.
Now Employs $50 Miners.
"The company is now employing an
average of 800 men per day, Wnlch II
our normal force, and the labor sltua'
tion in the Coeur d'Alene mining ais,
triot is running smoothly after per-
iod of unsettled conditions
.There is great activity in the mar
kets for all the metals produced p'
this company, ie., zinc. lead ana sii'
yer. Lead is again back to war-tlin'
prices, having advanced from arouh'
cents early in 1919 to cents at th'
present time, and with the great oe
mand for this metal, both at nome ant
abroad. IT seems reasonable to eXpec
s.,M higher prices. The zinc marke
= very strong around to 91a cents
and the silver market has had phe
nomenal advance during the pas
wear. quotations advancing IRON
s101 in January. 1919, to above Sl'S
an ounce at the present time
Looks for High Prices
Both mine and mill are IN pet'e