The semi-weekly miner. [volume] (Butte, Mont.) 1882-1886, 1882-04-26

They diner with %, and very sens,bly
too, IN the capitalization Of ulning
pesferriDg 70 organize On
small capital that win pay . large in
tesest, ny fifteen TO twenty per cent,
and then they readily get large prem
iu1n on the shares, besides which they
are much sought for; whereas they hold
in bed repute properties where shares
like most Of ours, sell away below par.
The British people take shares for per
investnent-the New Workers
for speculation. I have been shown
lists Of investor. embracing names from
every part Of the Kingdom, as many ~
two thousand In number, exhibiting
their holdings of certain stocks through
q term Of years. Many Of the holders Of
shares have the same
precisely that was first allotted
to them ten and even twenty years ago.
Even when they prove worthless, or al
most 90, like the Emma shares, they
hold on to them tenaciously in the
vague expectancy of realization 1t some
future day. That you may better UNI
derstand will mention two or three
exam. les Of the relation that exists in
the London market between rates of in
terest yielded and the price of shares.
The La Plata Mining Company, Lead
willie, Colo, was capitalized at two mill
lion dollars. 1t pays only 9 per cent.
per annum, and the shares sell at par
and above. The Richmond Cons0li-
dated was placed here at 81, 800, OOO, in
shares of 80 each. 1t has been paying
about ~ per cent. per annum on this
amount and the shares are selling now
ut about SIS each. But we have In the
Rio Tinto mine, in the south Of Spain,
q fairer exponent Of the desire of the
English investors to take up the shares
Of . property of established reputation
and value. The company was organized
in 1873. Capital about sixteen million
dollars in fifty dollar shares. The in-
terest on this amount mas averaged for
the uine years Of the con,lnny's exist
ence about ten per cent. per annuln.
The shares are now selling at one hun
dred ana thirty dollars. The dividends
yield on this selling price three and
three quarters per cent. per annunl-
The capit..l Of the Broadway Gold
Mining Company consists of S45', 900,
in fully paid preferred shares of$25 each
and $l5O,OOO In fully paid deferred
shares of SIS each. The preferred shares
rank for cumulative dividends of ~
per cent. The deferred shares are to
take three-fourths Of the surplus profit
and the remainder goes to the preferred
shares.
DR.. Perry, the celebrated author on
meta iurgy. who has charge Of the ven-
tjlation and heating Of the houses of
Parliament, kindly showed me through
and underneath these houses and ex-
planned to me the methods employed to
maintain an even temperature. The
system is very complete and necessarily
very extensive in SO large structure.
The air is rendered soft and warm BY
the dropping of water on revolving
pipes heated with steam. The draught
in winter is effected by large fire ut
the base of the highest tower; in sum-
ner the air is pumped in through ice
and dist ributed throughout the various
halls. Was fortunate enough to hear
Mr.. Gladstone in speech on the Irish
land question. The sittings of the Com
mons begin at o'clock p. m. and some
times last all night.
Romeo and Juliet at the Lyceum is
mounted in an unprecedented gorgeous
manner by Mr.. Irving, who plays the
role Of Romeo, but who possesses neither
youth nor handsomeness- essential fea-
lures in the makeup Of successful low
or. Patti will sing at Her Majesty's
Theater, beginning the middle Of May.
1t is confidently stated that this Queen
of Song has m offer Of $a'O,U
for fofty nights at the new Opera House
building Of New York during next
winter. She will accept it, without
doubt, for nowhere In Europe can she
earn such sum Of money IN the same
time. Mrs. Langtry, the celebrated
beauty, has the leading role in a silly,
pointless play, called ''Ours," at the
Haynarket. Beauty she possesses, but
~ to talent she is simply mediocre;
nor ID the former extraordinary to the
eyes of an American. l am certain it
would not require ten minutes walk
on Broadway in u fine afternoon to find
her equal. She Is of the blonde type, not
too vCluDtuOus. medium hight. 1.-the and