Show RECORD OF interstate CALLAHAN special correspondence wallace ida may 25 the consolidated interstate callahan mining company owning and operating the interstate and callahan mines and mills in the nine mile district tr 1 ct of th the coeur calenes dA lenes district of this state on june will pay the second quarterly dividend for 1916 amounting to tile the share or this will make the disbursements for the current year and will increase the grand total to or the share that has been distributed to stockholders since the corporation began paying dividends on april 1 1915 the interstate callahan company is capitalized for shares at 10 each of which shares axe are issued and the next quarterly disbursement which will be not less than the share will bring the dividend payments to equal the entire outstanding capitalization of 4 the stock now is rated at 26 the share the price at which it sold recently both in spokane washington and new york in interstate call callahan ah an has been one of the remarkable properties of the coeur calenes dA lenes it lies about three miles from burke at the head of nine mile creek and on the divide between nine mile and beaver creek the output is strong in silver and lead but still more so in zinc the high price of the latter metal and more recently the high price of silver give great value to the ore A recent report on the concentrates from this property showed returns consi consisting sAng of tons averaging 2081 ounces of silver and per cent lead and tons averaging per cent zinc at the present rate of dividends the company is paying 60 per cent per annum on its capitalization and 23 per cent per annum on the selling price of the stock its present receipts are running more than five times its cost of operations dividends from this company are the heaviest disbursements bur of any coeur dalene property with the possible exception of the hercules a closed corporation |