The Washington times., 1902-01-05
FINANCIAL.
CONSOLIDATED MERCUR
GOLD MINES co.
OF UTAH.
Paying on the Investment I3d%d
OF UTAH..

In the light of recent events it would
seem as though the investment of money
in a metal whose market price is always
uniform, and not subject to cuts and
speculative manipulations. would espe-
cially commend itself to conservative in
yestors.
We know of but one such metal. that is,
the metal which itself supplies the stand
ard circulating medium used in all mar
kets for payment of cash balances, GOLD.
in the shares of the Consolidated Mer-
cur Gold Mines Co. Of Utah we are en-
abled to offer investors an exceptionally
favorable opportunity for safe, yet highly
profitable investment, in this most staple
OF all metals.
This company'S properties consist CT i'm
mense low grade gold ore deposits; cover
nearly 944 acres, and i'll extent. magni-
tude, and values. of q very similar nature
to The Homestake Alaska -Treadwell,
Drumlummon of Montana, and other
famous properties, which have been regu-
lar payers of large dividends during the
past 20 to 80 years.
The Consolidated Mercur mines have a
record OF having paid approximately 3d.
900 800 during the last ten years; are now
paying a regular quarterly dividend of
2Ja per cent, or 10 per cent per annum
upon par, equaliug half q million dollars
per annum, which may be shortly IN
creased. as the capacity of the ore roast
ers is now being enlarged from 12,GO0 10
200 tons per month, and the company
is commencing to cyanide 100000 tons OF
tailings from the old Mercur workings.
These great properties have gold ore in
sight including taiiings, and improve
ments of the net value of upwards OF
three and one-haf million dollars, with
less than one-quarter of the total mine
develnped so that to he ultra conserve
tive investor it should appeal as per
manent income earning investment, with
the advantage that in proportion to other
equally desirable securities, the interest
realized is double to treble the usual rate.
The great value of the Rand mines in
South Africa is mainly due TO their large
deposits of low-g grade ore and the use of
the cyanide process to extract the gold.
Many other comparisons between the
great Mercur properties and other world
renowned mines might be drawn, but 1t
is well known to all mining men, ana es-
pecially to those who have been fortunate
enough TO invest in low-grade mines, that
this class of properties has proven almost
the only permanently paying ones. Nhlie
if is true that a great many rich streaks
like the "Strattons independence and
many other mines in Cripple Creek Cali
fornia and Arizona, have paid large divi-
dends for a limited time only, yet no
high grade ore has ever continued TO pay
for many years.
1t is the low grade ore deposits in large
veins that have been and will continue to
be profitable and permanent.
The "Homestake" with capital OF sl0,-
OOO. 600 tsince increased TO $21 ,O00 ,000). has
paid s1O.453. $50 in dividends. Its stock
was first sold a $3.50 per share: if is now
in demand at 800 per share. clear net
increase of 1890 per cent over the orig
inal price.
Alaska -TreadweiI'' with $5,OO0,o00 cap
ital stock has paid S4S20, $50 in dividends
It's stock was first sold at sl.00 per share
the last sale was at $32.00, an advance OF
3,l0G per cent over the original price.
The Consolidated Mercur with S3.GO0.-
00O capital, has paid $2.655,0C0 in diVi-
dends 1t has l.: sight ere enough to net
s2, zoe 600 additional. and between or ad-
iacent to the ore bodies now being worked
probably 81 500 eco more. It's stock is sell
ing now at S5.75. Considering the extent
of its properties and the character of its
ores (the Iow-grade bodies which have al
ways made the permanent paying mlnes),
it's stock should before many years attain
a figure commensurate with these of the
two great mines above mentioned. which
would give market price of SloO or more
per share.