418

THOMSON'S MANUAL

OFFICERS: D. C. Jackling, Pres.; Charles Hayden, Vice Pres.; A. J. Ronaghan,
Sec’y.; J. R. Dillon, Treas.; R. B. Hindle, Asst. Treas.; E. V, Daveler, Gen. Mgr.;
H. D. Cooley, Jr.,, Cashier; Joseph M. Foley, Mine Supt.
DIRECTORS: D. C. Jackling, Charles Hayden, A. J. Ronaghan, E. V. Daveler,
J. R. Dillon.
GENERAL AUDITORS: Loomis, Suffern & Fernald.
CAPITALIZATION: : Par Value Authorized Outstanding
Capital Stock .. ve eee eeeeee $10 $2,901,977 $2,901,977
ens asd $2.25; 1915, 3: Co., New York.
y $34; 7, $6.65; none since. ap- S : .
ital distribution, from depletion re- vo Lo istrar Guaranty Trask 06. New
serve, 1922, 50c; 1923, $1; 1925 to 1929,
incl.,, $2 each. Listed on: New York Stock Ex-Transfer
 Agent: Equitable Trust change.
COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31
1929 1928 1927
Operating Revenue .......cooecencnaneeee $2,115,632 $2,117 876 $2,670,697
Operating Costs .oceoeoeemieieeceeee eevee aeeene. 2,133,916 2,064 M63 2,360,803
© 309,894
556.759

Net Earnings .............
Other Income .... oeeeieeieeiaanen

Total INCOME weorreeee = =.
Depreciation oo. es
TAKES coir eee eeeeate meme emamnemaa anne ann 027
Net Income ....... eee =DH,983 =3
COMPARATIVE BALANCE SHEET, A: of Dec. 31
‘ecg 1928
701 21,243
L108 R,725
351 5,454
861 005
eeeenmeans 290%
873.959 nt BR”

n= 652
.200
06.741

o

"979 911

ASSETS—
Shipments in Transito.....cocoooeee oot reeeenennes
Materials and Supplies....... .. .
Accounts Beceivable ..c.cossmrmmmssmmmssesmes
Prepaid INSUTaNCe eee eeeccaeeaecaeanennan.
Deferred Charges .........
Cash

1927
5 129,977
92,196
8,114
734
1 476.845

Total Current Assets... eeneea-$1,001,580
INVERUINEITE covmmrmmsimmimiie rs ssi isssss ares areas Ariss Sasiuyusys
Mining Claims and Development.................. © °°," ¢
Plant and Equipment....... rcanmnnnnnnnnaneen 2, TSR RY
Co ...%6.9783..

TREC rn

$1,707,866
188.105
3,176.391
2.773.674
$7.846.036

"86,6

TOTAL ASSETS enn...

~

ce

7

LIABILITIES—
Accounts Payable ...
Payrolls Accrued .........
Reserve for Taxes

AQ C7 n

St.
44 R71

# 55,209
32,409
75 140

29 7.6

Total Current Liabilities..........
Depreciation ReServe oie,
Insurance ReSerVe aon a
Capital Stock ....... RT,
Surplus ... eet eee eeemaenmmmnanan
TOTAL LIABILITIES oer 56.97%

$ 162,758
2,604,157
39,308
2,901,977
2.137,836
27. 846.036

$7.580.1°17

CALLAHAN ZINC-LEAD COMPANY

GENERAL OFFICE: Wallace, Idaho.
HISTORY: Incorporated under laws of Arizona, June 12, 1912, as Consolidated
Interstate-Callahan Mining Co. Name changed to present in 1920.
BUSINESS: Company operates lead and zinc mines in the Coeur d'Alene district
of Tdaho, near Wallace.
Interstate Property: Comprises 1030 acres in Nine Mile Canyon, 7 miles
northeast of Wallace. From 1915 to 1923, property produced 298,379 tons of high
grade zinc and lead concentrates and 43,908 tons of crude lead and zinc ore.
On account of low price of zine, property has not been operated since 1923.
Property is being kept in condition for resumption of operations when market
conditions permit.
Galena Mine: 99 lode claims, approximately 1620 acres, lying immediately
west of city limits of Wallace, Idaho. Mining of this property started in 1926
and continued until Oct., 1928, when, on account of low grade of ore, operations
were discontinped. Development work has continued, however, and the management’s
 report of 1929 indicates promising disclosures in the south vein.