OCR Text |
Show A Comstock Dividend It is something remarkable - in these days of assessments and disappointments in mining, says the San Francisco Post, to be able 'to chronicle a dividend- especially- upon Comstock shares. Few people believed that the great Nevada lode would ever divide any more profits among shareholders at large. The announcement an-nouncement yesterday that a dividend of thirty cents per share, amounting to $64,-800, $64,-800, had been declared by the Consolidated Consoli-dated California & Virginia Mining Company Com-pany was therefore a genuine surprise. Ten years ago, when Consolidated Virginia Vir-ginia & California shares, which Jia since been amalgamated into the new corporation, were declining: from tho hun dreds into the fifties upon . the doubts of the public, a newspaper news-paper in this city, in an interview with J. C. Flood, put these words into his mouth : "Consolidated Virginia will pay dividends long after those who have maligned ma-ligned it are cold in death." There are reasons for believing that Mr. Flood never made such a remark, but if he did facts are bearing him out. The old bonanza ground still appears to possess merit, and there is a prospect .that the dividends, having been resumed, will be continued." This benefit to shareholders has been brought about through the lessened less-ened expenses of mining. All kinds of supplies and the cost of working the ores have been reduced to a point which permits per-mits rock which was considered very low i grade several years ago to be worked at j a profit. There is plenty of such rock in the Comstock lode, and in these days of inventive skill processes are being devised de-vised which may eventuate in reducing much further the cost of working ore |