Cut Bank pioneer press. [volume] (Cut Bank, Mont.) 1909-current, 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 Stewart
With Profits of 62N 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 $685.
OH in excess of the disbursements in
1913, which established the best pre-
vious record, bringing the total pay
ments since dividends were inaugu-
rated to $50, ,2O4. This is consid-
cred a wonderful showing, in the face
of reduction of metal prices.
Hercules Earnings Grow.
The remarkable feature of the years
earnings is the great increase in the
net profits of the Hercules mine,
which. according to II owner, reached
a little more than 3 5000, 900 for the
IL months. For the first half of the
year the earnings were approximately
$400, 900 monthly, but because of the
curtailment of output and the reduc-
ton in metal prices in the last hall
the average was but $250,000 a month,
but at this the property eclipsed all
previous records and takes first rank
among the mines of the northwest, pay
ing twice the amoun 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 a share each,
besides two special dividends of 10
cents each and a third special of 2h
cents, or a total of 621@ per ent OF
it's issued capitalization of 1926, 1862,
an achievement that stands without a
parallel in the annals of the mining
industry in the northwest.
Bunker Hill increases.
Bunker Hill and Sullivan also shows
a material increase, having disbursed
25 cents the share each month to it's
stockholders, or SO for the ear, 33 IS
per cent of the par value, and Cana
dian Consolidated shows a gain of
$3664. These are the only companies
to pay more than in 1918, 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.
British Columbia Copper, which paid
$S8,756 in 1913; Knob Hill, which paid
$25, 900; lie Roi No. 2, credited with
$43, 200; Snowstorm with $45, 600, and
Success with 100000, disbursed moth
ing in 1914. CRANKY reduced it's pay
ments $451, 061. Federal $120, 900, Hecla
500, 600, Hedley $4,000, International
Coal and Coke 100000, and Standard
Silver-Lead $4,000
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 silverlead 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 1913, but
last year the disbursements amounted
to but $1,752 500, and it is estimated
that the net earnings, which include
both dividends and the amounts di-
verted to the surplus and sinking
funds, did not exceed $4,000, 900.
Occur d'AIenes Advancing.
Mines of the Occur d'Alenes paid
$5,740,305 in 1914, as against 1884,.
935 in 1918, an increase of 81 ,845, $40
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 We're devoted to
dividend payments and the best fig
ures obtainable indicate that the en-.
tire profits will not exceed $4,000, 900.