Show mining ining and dividends of northwest SPECIAL correspondence spokane wash sept 8 the hecla mining company owning the big producer at burke idaho has declared a dividend of or 15 cents a share payable september this company paid in january but suspended dividends since that time owing to the uncertainty as to the amount of tax the government will require the company has been steadily making money in the interim it had on hand a surplus of on june of this it earned since the first of the present year or nearly a month its surplus on the first day of the year was it has paid in addition 00 to the government for war taxes and expects it may cave have a further sum to pay on its back the amount of which never has been fixed labor shortage the labor shortage in the coeur calenes dA lenes is giving much concern to mining companies only by giving every available man a job has it been possible to keep most of the big producers in operation and several of them have been running shorthanded for weeks others have been compelled to close down though so far only for a few days at a time labor agents loth both governmental and private all over the country have calls posted for miners muckers duckers and side workers all at high wages A reduced lead output is forecast as a result it is hoped that the new war labor community boards now being organized in the larger cities will be able to give relief to the situation ion smelting smelling Sm elting cost increase another increase in smelter rates was made effective august 1st ast by the consolidated mining smelting smelling Sm elting company of canada for its plant at trail B C the increase being explained by the higher cost of 1 I labor and coke and other smelter expenses the base rate under schedule B Is 18 increased by 55 cents a ton plus 25 per cent of the further increase in coke price and d freight the increase on freight rates om that which prevailed february 1st ast is 1230 SO a ton on shipments to toronto and 1450 SO to montreal wood wilson owners of the bu ush sh nine ne at the head of the portland canal anal in british columbia have bought the mon river the property which adjoins bush B on oil the south and is believed to con baill tal n a nex tension of the bush vein the consideration on is said to have been kokane and fernie stockholders in the i g river forfeited their claim through tall inea to support the promoters the bunt 1119 brothers others in the maintenance of opera trolls dividends and earnings the bunker hill sullivan company operating the noted dividend payer at kel legg idaho has just issued its thirtieth annual report showing gross returns of 9 during the year 1917 and net profit Miscella miscellaneous ne ous income e items totaled with the gross receipts from sale of ore brought the receipts to operating costs and charges totaled which left as the years operating profit after deducting for depletion of ore deposits and for income and excess profits taxes the corporation po ration paid its stockholders in dividends the report shows that the mine produced tons all of which was put through the concentrating plant the mills running 1 days in the year in addition to a record production considerable development was done and the bunker hill smelter costing upward of io together gether with a refinery was put into operation the caledonia mining company of wallace idaho has declared its august monthly dividend of the company ob bained a net profit of in the first six months of the current year according to a statement by its president stanly A easton the gross value of the ore was the smelter deductions and the net bullion value mining cost and shipping the richmond mining milling reduction company operating at adair on the idaho montana state line earned in in july this was after the deduction of all costs including operating expenses and freight and treatment charges the sum is sufficient to pay a dividend at the rate of 3 cents a share the gross receipts were and the expenses of operation were rex mining dissolved checks for the first and last disbursement of the rex mining company predecessor of the rex consolidated mining company have been mailed to the stockholders the sum disbursed was or at the rate of 9 mills a share on the 1 shares in addition to the dividend the holders have received shares of stock in the rex consolidated the monetary distribution was followed by the legal dissolution of the old company which has taken over the properties formerly known as the sixteen to one comprising five claims situated on the east side ot of nine mile in the coeur dalene region of idaho |