The Neihart herald. [volume] (Neihart, Mont.) 1890-1901, 1892-02-19
LEGITIMATE MINING PAWS.

i tG l6St bSSOC VI IN
and Mining Journal of New York
contains a very interesting article on
the profits in mining. The refer
ences to Montana mines are p%articu-
larly valuable, and show that this
state leads the country in the profits
paid by gold and silver Mines The
articles is in the form of Il review of
gold and silver mining during 1891,
and says that with respect to the
Montana silver mines the most note
worthy feature was the great de-
9 in the payments of the famous
Granite Mountain mine which, in
1890, led the list with the sum of
$2,4OO,O0O paid to the stockholders.
For the first two months of 1891 it
continued to pay at the rate OF
100000 per month, but subse-
quently the dividends were reduced
to one-half that amount, and the
total for the twelve months was but
81, 100000. The price of the shares
fell at the same time the dividend
rate was reduced, and at the end of
the year represented a market value
of $7,OOO,O0O, against *17,2OO,OOO
at the same time in 1890. On the
average market value of the year
the return was about IA per cent or
nearly the same as in the two pre-
ceding years. The decrease in the
dividends Of this company was due
to the falling off in the grade of the
ore. During the fiscal year ending
July 81, 1890, according to the Of
fetal report, the amount of ore
crushed in the mills was 6O,212 tons,
of which the average assay was
1904 ounces of silver per ton; dur
ing the fiscal year ending July 81,
1891, 6S,S5O tons were crushed, the
average assay being sos ounces
silver per ton.
The decrease in the amount of
dividends paid by the Granite Noun
tain company was in considerable
measure made up by the increase of
its neighbor, the Bi-metallic, which
paid $4,000 in 1891 and sS4O,OOO
in 1891. The dividends of 1891
represented about IA per cent on the
market value of the stock. On the
basis of the market value at the end
of the year 1892, dividends continu-
ing at the present rate, an invest
ment in these shares would realize
nearly 1873 per cent. In 1890 the
rate was much lower, this being due,
of course, to the high price set upon
the stock for its prospective and
speculative value; hence comparisons
would be misleading. In 1891 the
capacity of the mine being better
understood, the rate ros more nearly
to its aetna" investment level.
OF the other Montana silver min
ing companies the record of the
Elkhorn is the most noticeable, it
having declared dividends to the
amount of $375,O0O, or treble that
paid in 1890. On the average mar
ket value of its shares it paid 3O.7
per cent in 1891. This is one OF
the English companies of compare.
lively recent organization that have
proved such fortunate investments
for their shareholders. Nearly al
the silver mining companies of Mon
tana did we'll in 1891 and paid in
creased dividends, Notwithstanding
the fact that the price of silver wa
low and declining: Including tn
dividends paid by the gold and cop
per companies of Butte, the state q
Montana leads all others in tn
aggregate of payments, the total be
ing $4,S46,5O0.
The mines of Colorado paid 80
315,875, the largest dividend pave
being the famous Mollie Gibso
mine, of Aspen, which appears O
the list for the first time with 81
100000 to it's credit.
OF the Utah stocks, Ontario an
DAILY both paid the same dividend
as in 1890, the amounts Being 5000
900 and $45O,O0O, respectivel,
which were IA per cent in each. cas-
on the average market value Of til
shares during the year. The rate
in 1890 we're about the same. Hor
silver paid 100000 in 1891, as
1890, or 14.7 per cent on its averae
market value.
OF the Idaho mines the Cn,