Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1899-05-08
Copper Shares Continue Weak
in Boston.
PARROT DIVIDEND TO COME
Gossip in Boston Relative to the
New Amalgamated
Copper Co.

This was another panicky day in the
trading in copper shares on the Boston
Stock Exchange and prices maintained
the same level as on Saturday. Evil
IDENTIFY some people are deeply interested
in battering down the prices, and they
have succeeded fairly we'll so far.
Boston & Montana made one or two
faint sputs to get out of the $3.50 rut,
but only partially succeeded, advancing
at one time to 1854 and again to 1856, but
receding at the close Of trading to $3.50.
Butte & Boston opened at 500, dropped
to $SS and closed at $92.
The announcement was made today
that the Parrot would declare a dividend
Of $3.50 per share, payable May 81, to
stockholders of record of May 25. The
announcement had a slight effect on Par
rot stock, which opened at $56 and rose
to $50, selling down to $5SA at the close.
Utah Con made a feeble effort to get
out of the rut also, but failed. 1t sold
for $42 during a portion of the trading,
but closed at SAL.
Other quotations were: Anaconda $50,
Csceola SIS, Mohawk $S0B, Tamarack
$3.50.
No definite information has yet been
received of the plans of the big copper
trust. The Boston News Bureau of re-
cent date says: The earning capacity be-
hind the SIS, DOC, 900 of stock in the ANAL
gamated Copper company is a matter of
interest at the present time. In the COM
pany's official advertisement it is stated
that this company has already pur-
chased large interests in Anaconda Cop
per company, Parrot Silver and Copper
company, Washoe Copper company,
Colorado Smelling and Mining company,
aud nfhor onoN ne ninc or1 voronnrfiac - r.
is believed that the proceeds from the
sale of this SIS, 600, 900 stock is to pay for
a controlling interest secured in the
stocks of the above mentioned COM
! panies.
Little is generally known of the
Washoe and Colorado companies. 1t has
been said that the Amalgamated people
paid not less than SIS, OOO, 900 for it's inter-
est IN the Washoe ompany and that 1t
has a net earning capacity of 81, 500, DOC
per nun
The Washoe embraces undeveloped
copper properties of Butte and the lum.
Der plant of Bonner. Mont, for which
81, 600, 900 was recently paid, as well as
some, valuable. timber lands. In all, the
property should be worth several
millions, but it has not yet been a pro.
Queer. The net earnings of the Colorado
company in 1898 were $400, 900, and the
cost of the fve-sixths interests pur-
chased by the Amalgamated company
was about Sc, 900, 900.
Anaconda's net earnings were 1851, 34l
for the year ended June 80, 1898, witt
copper selling at 10.S2c a pound. Me-
earnings based on current abnOrmaly
high price for copper may be placed a
above $1,000, 900.
Parrots earnings were $750,000 for thu
year ended June l, with Upper selling a
less han lie a pound. On present coppet
market net earnings have been placed al
high as 50, 000, 900 per annum
The total earnings capacity of thes'
four companies at present high price TO
copper may be estimated at $11, 900, 00
annually, which is equivalent to Is pc
cent IN SIS, 900, 900, the present capital o
the Amalgamated company. Assumin,
that the holdings of the Amalgamate'
company in the stocks of these variou
companies entities it to two-thirds o