The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-11-04
f-.-.,[S OF MINING
Metal Mining Leads All Other
Industries.
COPPER HEADS THE LIST
NEARLY SIS, 100000 IN TEN
MONTHS.

New York. Nov 3.-In the ten months
ending oct. 81 the metal mining COM
panies in this country reporting TO the
Engineering and Mining Journal paid
a total of SO. 56S.OTf in dividends. This
is an excellent showing" says that
journal. of the returns received by
capital invested in the metal mining
industry.
During these ten months the largest
dividend payers were the copper COM
panies; OF those in Montana the Anal
gamated Copper company, which con-
trolls the Anaconda and Parrot com
panieS and a large interest in other
companies, declared 81 000, 000. or per
cent on its capitalization. The Ana
cOnda Copper company is credited with
paying $4,000 000. or 10 per cent on its
capital stock; the Boston < Montana
company "a 2d0. O00 or 113 per cent, and
the Parrot company $1,319, 100, or so per
cent on its issued capital STOCK. The
AmaIgamated Copper cOmpanys divi-
dend, however, is really a duplication,
as it. works no mines directly and its
dividend fund is derived from the
stocks Of other companies which il
holds. OF the Michigan copper COM
panies, Calumet & Hecla paid in the
ten months $5,000.000, or POO per cent
on its capitalization; Quincy 5000, 000,
or IS per cent, and Tamarack S420 600,
or IS per cent. In California the Noun
tain Copper company paid 81, 20G, 600, or
1872 per cent on its share capital
In Arizona the United Verde lex
Senator Cl8rk's property is credited
with paying 81, $50, 900, or 50 per cent on
its capital stock, and the Arizona com
pany $576, 429, or Is per cent.
THE next largest diVidend-payeTS in
the ten months were the gold mining
companies, which also produced some
silver and lead. In this group the
leaders were STATIONS independence,
limited, of Colorado, with 81, 7S9, 337, or
35.S per cent on it's issued capital stock,
and Portland, $3.50, 000, or 3 per cent
In South Dakota the HOmestake Gold
Mining company is foremost, with 81,
050,0OG, or per cent on its share cap
ital.
In Utah the Silver King company
paid $75O000, or % per cent on its cap
italization, and the Daiy-West company
SAP, 500, or 49, per cent. In Alaska the
Alaska-TreadWell Gold Mining COM
pany paid out 5000. 600, or 8 per cent on
its capital stock. In Arizona the La
Fortuna Gold Mining company leads
with s232, 500 or 90 per cent on it's cap
/ it2liZation, and in California we have
the Yellow Aster company with $780, 600
or Is per cent.
"Of the silver-Iead dividend payers
those in Idaho are the most prominent
being the Empire State-Idaho Mining
company with 1895. 541, or 80 per cent on
its issued shares the Standard COM
pany with $685. OG0. or 50 per cent; Buff
faIO-Hump $225, 900 or 10 per cent and
the. Bunker Sullivan company
with $4,000, or per cent. of the lead
and zinc mining companies in Missouri
and Kansas, the St. Joseph Lead com
pany leads with Sf12,50O or 10 per cent
on it's issued share capital
There have also been numerous
smaller dividend-payeTs, especially II
/ the gold and silver mining industry
while in the lead and zinc section The
number has grown less, owing in part
to the end of the. speculative bubble
which favored the incOrpors ton OF
companies that promised, and in some
instances, paid ]. per cent monthly div
| idends.
The dividend disbursements men
toned above do not include those made
by the coal and iron mines, oil com.
panies and the metal smelling and re-
fning companies, which have beer
enormous in the past ten months
There are also many private corpora
tions that do not report their dividends
and these, if added. would bring the
grand total paid to stockholders in div
idends to a very large amount. IN
'equaIed prObabIys7by any other industry
. in, hi ~