The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-11-30
HECLA DIVIDEND IN
DECEMBER 100000
PAY so CTS. PER SHARE.
May Increase Regular Divi-
dends Next Year--Mine Has
Great Ore Reserves
PAY so CTS. PER SHARE

~ IRECTORS of the Hecla Min
ing company meeting in Mil
waukee last Saturday. declared
the usual quarterly dividend of
10 cents per share and an extra div
idend of 80 cents, making a total dis
bursement of so cents per share, pay
able December 20 to stockholders of
record on December l. The capital
stock of Hecla is 100000 shares, all
issued making the amount of the div
idend 100000. Dividends of $4,000
have been paid in the three preceding
quarters this year, and the payment
for the fourth quarter will bring the
total for the year up to $3.50, 600, and
make a grand total of 1O,255, 600 paid
by the company. The regular dividend
date is the 2Sth of the last month of
each quarter, and the directors evil
IDENTIFY advanced the date of the big
December payment to few days be-
fore Christmas instead of a few days
after, in order to contribute more di
rectly to the Christmas cheer of the
widely scattered stockholders.
Hecla a Wonderful Mine.
With continuation of the present
high price of lead, along with the fix
ed price Of silver which will continue
probably throughout the coming year,
it may be assumed that Hecla will in
crease its regular dividend rate in
1928, for it is known that its earnings
are far in excess of the present rate
of 10 cents per quarter. 1t is the pol
icy of the management to retain an
ample reserve fund to meet all emer-
gencies, and it is equally its policy to
distribute the earnings among the
stockholders TO the greatest extent
possible consistent with conservative
business methods The mine itself is
in condition for long and continuous
production and steps are now being
taken to make a large addition to the
known ore reserves. The develop
ment of the mine on the 1000 level has
proved the Hecla ore body to be per-
haps the most remarkable in this dis
trict in which wonderful ore bodies
are the rule. At this great depth 1000
feet from the collar of the shaft and
$500 feet below the apex of the vein,
the great ore shoot is larger and rich
er than above, reversing the rule that
prevails in neighboring mines, and
with all conditions favorable to its
continuance to greater depth. As re-
ported in this paper last week, the
Hecla management is now preparing
to sink 200 feet further with assurance
that the 22O0 level viii duplicate the
20O0 and that other rich levels will
eventually be added.
Other Important Resources.
But Hecla has other sources of min
eral wealth independent of this great
main ore body. The famous east ore
body that figured in the apex litiga-
lion with the Federal and Marsh, has
already made an important contribu-
ion to the output of the NINE but is
Untouched on the deeper levels. An
'ther vein of great prospective value
S the Wide West acquired through
he purchase of the old Tiger Poor
nan ground from the Federal An
lAN 1AOOA VI Sital RAOAlAoN Has ntIn
exposed in an upper tunnel. and a
'rosscut is now being run which will
mt this shoot at depth with every in
iicatioa shat i will prove valuable
sset to the company. Another ore
discovery was made on the 1000 level
within the past few weeks which has
-reat possibilities. A short crosscut
b, q ror4bori,- dirootfo,, l,ro1-o into five
r six feet of high grade lead-silver
re. At last accounts this ore had not
zen sufficiently developed to deter
nine it's extent or whether it was an
vein or branch of the
main fissure, but in either case it is
egarded of great importance.
The Star
Aside from the Hecla mine proper
he action of the company in joining
he Bunker Hill & Sullivan in the
urchase and operation of the Star
nine was a move toward expansion
hat is expected TO prove of tremend-
us advantage The great erosscut
rom the 1000 level that will open the
tar is over half completed and with
4 another year will reach the Star
Elm. Probably another year there
fter will be required to raise on the
tar and prepare it for production and
rovide a mill for the treatment of its
res. This combination with the
unker Hill in the operation of the
tar was a move of great Importance
} the Hecla and indicates the pro-
ressive foresight of the management
/ providing for the perpetuation of