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Show GDLDFIELD CD!). PAYS DIVIDEND Royalty of 15 Per Cent Paid by Development Company Com-pany on Ores. After a lapse of four years, the Gold-field Gold-field Consolidated Mines company on October Oc-tober 30 declared a dividend of 5 cents per share, pavable December 31 to stock of record November ZD. This Is the twenty-fifth dividend to be paid by the company. com-pany. There are issued a,5oH,lls shares of stock, making the disbursement amount to J177, 907-40, a grand totai of 1 2 'J . 1 . i . -789, or JS.20 per share. The last dividend was paid on October 30, 1915, and was for 10 cents per share. The dividend came as a surprise to the general Investing and speculating public, for the reason that the company only last February leased all Its Goldfield mines to the Goldfield Development company. The report for 1918 showed cash on hand of $136,062.28, which is less than the amount of the dividend. No financial statement has been issued, but It was stated at the offices of tho company In P.eno that the treasury has been enriched by money received In royalties, and from the sale of machinery from the Aurora mine which has been dismantled. It also was stated that the dividend will not exhaust ex-haust the treasury. An item that appears In the balance Bheet for 1918 is $100,000, loaned to the Dolly Varden Mining company, which the treasurer says "Is thought to bo well secured, se-cured, and the amount should be returned re-turned with Interest during the coming year." j . royalty of 15 per cent Is paid by the Goldfield Development company to the Goldfield Consolidated on all ore produced. As the development company Is preparing prepar-ing to mine and mill low-grade ore already al-ready developed In the various mines of the company, particularly the Combination, Combina-tion, at the rate of 2000 tons a montli. It seems fair to expect a- considerable revenue reve-nue from this source, consolidated stockholders stock-holders nre large shareholders In the development de-velopment company, having been afforded afford-ed tho privilege of subscribing to the shares of that company last February at B cents per share. The first dividend paid by the Consolidated Consoli-dated wns on October 25. 1907, 10 cents Per Share. Dividend No. 2. for the Mint amount, was paid one month later. The Company then changed from monthly to quarterly dividends and paid 20 cents Quarterly for the next nine months. On January 11, M0, 'be rnte wns lncreaed :,0 cents per share, amounting to $1,779.-571 $1,779.-571 ench nunrtor, and this rate wns continued con-tinued for two and one-half -ears, during dur-ing which time the company dlshurfd $5 per share, or $17,795,740, ev. -ceding all record" for dividends Trom gold mines In the United Btatea. Blnca October $1, 1911, when the rate wns changed to an cents quarterly, the company has paid four dividend! ') 30 cents, one of 40 cents, one of 15 cents, three of 10 cents and next month will pay one of 5 rents, the smallest small-est disbursement ever made. |