The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-03-09
DIVIDENDS FIRST QUARTER 1916.

This is to be a great year for Coeur
d'Alene mines, taking the achieve
ments of the first three months as
basis for estimating the probable
earnings for the entire year. Five
mines the first five in the above list,
have now declared dividends for the
first three months which aggregate
$1,645, 400. The seven companies fol-
lowing in the list, with the exception
of the Success and Stewart do not
make public their earnings. The es-
Inmates here given are believed to be
conservative and that the actual fig
ures would be considerably higher
than those here given. The total es-
tinrated dividends of these seven COM
panies is $1,336,00 The Success has
already paid dividends for January
and February, amounting to 100000,
and the dividend for March, which is
payable on the 23d, will be announced
in a few days. While no intimation
has been given out by the company
considering the large surplus on hand
the first of the year and the continued
high price of zinc, it is believed that
an extra dividend will be paid this
month which will make the total dis
bursement cents per share, or $780,
O00 The supposition is that there has
been a heavy slump in Stewart earn
ings, but no announcement has been
made. The other companies in the list
do not publish their earnings and they
are never known until sworn state
ments are filed with the county, as
SCISSOR in May. Based on former fig
ures and taking into consideration the
high prices of metals, the above esti-
mates are made on what is believed
to be a safe margin.
Interstate Callahan.
The Consolidated Interstate-Calla
han company starts the year with
good lead over all rivals and seems to
be in line to increase the wonderful
dividend record made last year. The
directors of the company met in New
York last Monday, March 6, and au-
thorized a dividend of $3.50 per share,
payable March 81 to stockholders of
record on March 20. There are 464,-
600 shares of issued stock of the COM
pany, and the disbursement is there
fore $690,000. On December 81 the re-
port of the president of the company
showed a cash surplus on hand of
$721,74SS5, representing the earnings
for the last quarter of 1915. On that
basis the earnings for January and
February were almost $5OO,OO0 and
would possibly have been more had it
not been for the excessively cold wea-
ther in January which no doubt re-
duced the output considerably. How
ever this wonderful zinc mine seems
to be in position to pass the $3,OO0,OOO
mark in dividends this year.
Bunker Hill Pays Extra Dividend.
The March dividend of the Bunker
Hill & Sullivan was doubled, the COM
pany disbursing $163,5O0, making the
total for this year $327,OOO. This great
lead company now has $17100,0OO in
dividends to its credit, and according
to reliable reports this record will cas-
iIy be duplicated and still remain on
the active list. The company will soon
announce the location of the smelter
20 hIIild and tho
presumption Is that it will be placed
at Kellogg, where the mine is located.
It Is understood that the company has
set aside $1,000 600 from its surplus to
build the smelter, and that carrying
out this big enterprise will not affect
the. dividends, while on the other hand
when completed, the reduced cost of
treating the ore will make percepti-
BILE increase in the dividend rate.
HecIa Pays 10 Cents.
The prediction was made that Hecla
would pay more than 10 cents for
March, but it proved a bad guess. II
is probable that the company could
have paid more, but the conservative
policy of the management is to main
tain q comfortable surplus to meet
emergencies or to tide over lean per-
iods. The regular 10 cents month
dividend and the continued advance in
the price of lead have given the stock
of the company a strong upward ten