White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1915-12-17
MINING NOTES

The installation of wiley tables
and additional power jigs has beer
completed at the Occur d'Alene anti
mony property on Pine creek, Idaho
The new mill, especially designed te
treat lighter ores, is proving success
full and is now turning out high
grade of anthony concentrates.
Equipment for the enlargement Of
dated Mining Co. on it's property at
Libby, Mont, was purchased this
week by H. H. Phipps, president OF
the company, and is to be installed
Immediately by p S. Rose of Libby
superintendent. The mill is to be
increased from five to ten stamps.
With the receipt of official an.
nouncement that the Bunker Hill &
Sullivan Mining Co. would begin pay
ment of a special dividend of Is
cents the share, or $81,75O and with
semi official reports from New York
that the Hecla Mining Co. will dis
burse an extra payment of 8 cents
the share, or 100000, on December
20, the total of four northwestern
mining companies Christmas pres
ents to shareholders will amount to
$859,235.
| Big Increase in Dividends.
AS result of larger demand and
better metal markets American mines
and works to the number of 121 made
dividend disbursements during the II
months of 1915, totaling $s3,136,226.
dends paid by 119 companies during
the same period in 1914. According
to reports made to Mining and Engi-
neering World the 121 companies
making disbursements. Tin 1915 have
distributed dividends since their in
corporation totaling 1891, Att IT'S. This
is a return of issued capital. and
$242,023,41o additional, a really won
derful record of industrial accomplish
ment and one not enjoyed by any
other single industry
Then there are the dividends of the
securities-holding corporations, whose
profits are divided between holders
of stock in other companies and in
the operation of their own mines.
These, six in number, have made dis
'bursements in 1915 amounting to $751;
t5S0,517 and to date $190,786,7 TAB. A
large part of this is derived from the
direct operation of properties and
should be credited to the disburse-
ments made by operating companies.
During the last II months 80 cop
per companies have paid dividends
totaling $36,6ss,331, which is approx
mately $6,ooo,ooo in excess of divi-
dends paid during the II months of
1914. To date these companies have
disbursed no less than $49O,981, 346;
issued capital is $272,750,452.
Eighty-five companies operating
properties classed as gold-silver-lead.
zinc producers, have paid sharehold
ers $32,s59,545 during the II months
of 1915, with total payments of $500,
454,960. The combined issued capital
of these companies is $242,614,s73.
Sixty-two of the above operate
properties in the United States and
they have paid dividends in 1915
amounting to $25,165,6O1 and to date
$236,7S1 ,453, on an issued capital OF
$161, 1855 ,069. This is a return equiva
lent to over 145 per cent and proves
that gold mining properties pay good
returns when properly operated.
Twenty Canadians properties con.
tributed $6,575,6O3 to the above and
to date $65,773,931, on an outstanding
capital of $69,S56,434.
But three Mexican companies re
port dividend payments in 1915, these
disbursing $1,118,341, and to date $17,-
S99,576, on an outstanding capital OF
$11 ,4o3,37O.
Six companies operating metallur.
gical works show an increase of ap
proximately $1,O00,Oo0 over the same
period in 1914, having paid $13,58S,
$50 and since incorporation $3.50,
O40,s69 on an outstanding capital OF
1924, O88, 440.
New York Metal Market.
The metal exchange quotes lead of.
fered $5.S5; spelter, $14.75@15.25.
Copper-Dull electrolytic, $19.75@
5000.
Iron-Steady and unchanged.
Tin-Steady, $37.2O@37.50.
Bar silver, sec.