The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-07-17

1t is used extensively i'm diamond drills
and is but little lower in price, for
small stones, than white diamonds.
The De Beers Consolidated diamond
mines of Kimberly, Jiape Colony, South
Africa, have paid DIVIDENDS IN nearly
flO,O 600. 900. approximately $50. 900. 900.
and according to quotations on the
company's shares on the London stock
exchange, at the close of June. 1898,
the mine was worth the enormous sum
of Sl06. $50. goo. the largest value Of any
mine in the world. The Jagersfontein
diamond mine Of Orange Free State is
a small concern compared with the De
Beers, but its shares are selling at the
rate of $500, 900 for the entire mine
The credit for paying the greatest
amount OF authenticated dividends is
given the Consolidated California and
Virginia mines of Nevada, which have
disbursed in profits the tidy. SUN of
SI, COS, 800, of which amour, $13, no. 900
was paid by the two separate compan-
les previous to their consolidation IN
August, 1854. As an Offset against
these dividends there is the sum of
s., 1870 levied in assessments on the
stock at various times. Next I'm au-
thenticated profits among the worlds
greatest mines is the Calumet and
Hecla copper mine of the Lake Supe-
rior district, which has paid, to July
j, 1898, no less an amount than S53, $50
900 in dividends. This mine was opened
i'm 1866, and is therefore less thar a
third of a century old. Ii is paying at
the rate of 1000. 900 annually at pres
ent and its net profits are v~ariously
estimated at from five to six millions
per annusn. on June 80, 1898. its shares
were sold at $565 each, placing thereby
a valuation OF $50, 500, 600 on the mine.
The Anaconda Leads.
The largest producer of copper in
the world is the Anaconda mine Of
Montana. 1t is credited with dividends
Of only So, $50, 900. but this sum has bee1
paid within a short period, about tive
years ago. when a stock company was
formed. Its shares are selling on the
London stock exchange at the rate of
about $50. 900, 900 for the entire mine.
The Boston d Montana is another
Montana copper giant, which has paid
dividends of $685.. 600. and on June so.
1895, its shares were quoted at a figure
placing the total value Of the mine at
$50. 49, 600. The fourth among the
quartette of the worlds reatest COZ
per mines is the Rio Tinto OF Spain.
controlled by an English corporation,
the value of whose preferences shares
in June was $40, $50, 900. while its COM
mon shares were $40 $50. 900 additional.
or 5000 900 for the mine. thus closely
approaching the Calumet & Hecla N
valuation. although its dividend rate
is much lower. There are no four gold
mines in the world whose aggregate
value is equal to these four copper
mines or which pay such large profits.
Among the other great copper mines
OF the world, and their valuation. may
be placed the Tharsis OF Spain. s2l. O00.-
600; Cape Copper company of Cape
Colony, South Africa. 50. 1885, GOO: Quincy
Of Lake Superior. 81. 400. 900; Tamarack
Of Lake Superior, So 800. 900: Osceola of
Lake Superior. $500 GOO. and Butte a.
Boston OF Montana. $1,000. 600. For
purposes OF uniformity the valuations
On American mines are all based On