Clearwater Republican. [volume] (Orofino, Idaho) 1912-1922, 1915-01-15
mines PAYING WELL
NET PROFITS OF PROPERTIES IN
coEUR D'ALENEs AND BRIT
IsH COLUMBIA INCREASE.
YEARS RECORD, HERCULES
Next Record Goes to the StewarE
With Profits of 62E Percent
Bunker Hill and Sullivan
Keeps Up Wonderful Stride.

Mining companies paid $7,493,171 to-
their stockholders in 1914, according
to their official statements, or $751;
OF in excess of the disbursements ira
1913, which established the best pre-
vious record, bringing the total pay
ments since dividends were inaugu.-
rated to $60,C31,204 This is consid-
cred a wonderful showing, in the face
of reduction of metal prices.
Hercules Earnings Grow
The remarkable feature oil the years
earnings is the great increase in the
net profits OF the Hercules mine.
which. according to one owner, reached
a little more IMAM $3,000,606 Tor ynt-'
IL months. For the first half of the
year the earnings were approximately
100000 monthly, but because of the
curtaiment of output and the reduc-
| ton in metal prices in the last haiF
the average was but $250,000 month.
but at this the property eclipsed ala
previous records and takes first rank
among the mines of the northwest, pay
ing twice the amount netted in 1913.
| The next record is that of the Stew
art an increase OF $371,541 in dis
bursements over the previous year
having paid four regular quarterly
dividends of 10 cents share each
besides two special dividends of 10
cents each and third special of 21k
cents, or a total of 621a per cent OF
its issued capitalization of $1,236,362,
an achievement that stands without
parallel in the annals of the mining
industry in the northwest.
Bunker Hill Increases.
| Bunker Hill and Sullivan also shows
a material increase, having disbur seG
| rs cents the share each month to it's
stockholders, or SO for the year, 33 Is
per cent of the par value, and Cana
dian Consolidated shows gain OF
$3664. These are the only companies
to pay more than in 1913, and the
others, with the exception of Caledonia.
and Kendall, which were not among
the operating properties in that year.
paid considerably less
3. C. Mines.
$SS,756 in 1913; Knob Hill, which paid
, 5000; LIE Roi No. Q, credited with
$43,200; Snowstorm with $45,000, ana
Success with 100000, discussed moth
! ing in 1914. CRANKY reduced its pay
ments $451 .061, Federal $4,000, Hecls-
100000, Hedley $4,000, International
Coal and Coke 100000, and Standard
Silver-Lead s175,000.
The reports show that the copper
producing companies were the hardest
hit by the reduction in metal prices
and this reflected with particular Sc
verify on the properties in British
Columbia, even silver-lead mines, as
nearly all the smelters were closed
down for several months, necessi-
tating suspension of mining operations
also. Canadian Consolidated is the
only exception.
British Columbia mines paid $2,611,-
219 to their stockholders in 1918, but
last year the disbursements amounteG
to but $1,752 500, and it is estimates
that the net earnings, which include
both dividends and the amounts di-
verified to the surplus and sinking
funds, did not exceed 100000.
Occur d'AIenes Advancing.
Mines of the Occur d'Alenes paiG
$5,740, 1905 in 1914, as against 1884,,
935 in 1913, an increase of $1,845,37G
despite that two companies paid
nothing and that several others shut
down part of their properties and
nearly all curtailed production. Most
of the net earnings were devoted to
dividend payments and the best fig
ures obtainable indicate that the en-
tire profits will not exceed 100000