The herald., 1897-06-23

The Calumet and Hecla Copper mine Of
Michigan has long been noted for Its
princely dividends. The mine is capital
izerd at $2,5OO,00O in 100000 shares, Of the
par value of $25 each. Its dividends have
usually been at the rate of IS per share.
or 20 per cent of the par value. The market
value of these $25 shares at the beginning
Of this month was 1915 per share. with
actual sales at that figure. The original in
vestors, If any remain, or those who bought
in at a slight advance on par value, are Of
course, quite satisfied with their invest
ment, for in addition to the large appre-
citation in value there have been frequent
and liberal dividends paid. 1t is these
dividends that have made the stock so
valuable. For the past ten calendar years
the annual dividends have amounted to
S19 900. .0OO which added to $27, $50. 900 previ-
ously paid makes a total dividend payment
of SAG. $50 OOO The dividends of the past
decade are equal to 760 per cent OF the
capital, Of 76 per cent per annum. In other
words, the capital was returned IN divi-
dends and 60-100 times over during the
past decade.
At the San Francisco stock and bond ex-
change yesterday Hawaiian Commercial
sold at IAN; Hutchinson Plantation, ESQ
a6N; Alaska Packers Association, 9S1s; Pa
cific Gas Improvement, 9O1s: s. F. Gas and
Electric, 95iA; 8. F. & N. p Railway, 5s
103X Spring Valley Water, 100h for the
4s, and 11S% for the 6s.
= = +
The treasurer of Sutter county offers for
sale $4,000 2o-years' per cent levee dis
trict bonds, bids for which will be received
up to July !.
The California Safe Deposit and Trust
company has foreclosed on the plant and
line of the East Oakland Electric Rail-
road company on a judgment for $24O,641.
Judge Ogden, who rendered the Judgment
in the case, did not fix the date of sale,
such act being deferred at the request of
counsel.
The Offices of the Mining and Scientific
Press have been removed from 220 to $3.50
Market street, San Francisco, CAL, the
finest business location In that city. The
Press maintains its position as the leading
authority for the west on the subjects of
which 1t treats and is steadily growing in
popularity.
The year book Of the Department of Ag-
riculture for 1896 is now in type in the
hands of the public printer, and it is be-
lieved that the book itself will be avail
able for distribution about August 1. OF
the 100000 copies Of this book printed only
10000 are placed at the disposal of the De-
partment Of Agriculture which Is less
than the number of its active correspon-
dents who are entitled to look to the de-
partmcnt for copies of its publications.
In accordance with the law which pro-
vides for this publication it consists "of
such reports from the different bureaus
and divisions, and such papers. accom-
panied by appropriate illustrations, as
shall in the opinion of the secretary be
specially fitted to interest and instruct the
farmers of the country" 1t includes, also,
in the form Of the secretary's report to
the president for the fiscal year ending
June 30 1896. general report of the opera
tions of the department. AS in former
years. an appendix is added, following the
reports and papers, presenting q large
amount of statistical information, mainly
IN tabulated form.
= y
Two supreme court decisions just rem
dered are of general interest. They are
to the following effect:
lien cannot attach upon o lot to which
. house erected on its own land by
stranger to the owner of the lot and with
out any authority from him and without
MS knowledge has been temporarily re-
moved. Nor is the owner Of the lot COM
PEELED to post . written notice upon the
building within 3 days after 1t has been re-
moved to b. lot, IN order to relieve him