Bisbee daily review., 1906-08-26
MANY MILLIONS IN DIVIDENDS
 FOR COPPER SHARE HOLDERS
Coppers More Popular Than ndustrias With the Investors Because of Excessive Dividends Paid on Stocks by
 Former, Though Quoted Lower

Copper is strong and a good volume of business is being done. Lake is selling at Is S-4 cents and electrolytic at IS 1-2 cents for October and Novem- Der delivery. The buying demand came back before it was necessary for the producers to accumulate any stocks of copper. The consumptive demand is clearly of sufficient volume to absorb all the present production of the worlds mines at current prices, and the outlook is favorable that this situation will continue for a long time to come, probably during the greater part of the year 1907.
 The declaration of an increased di- Sidend by the Calumet & Hecla com pany, the decision of the Greene Con- soiidated to continue paying it's reg ular rate, the renewal of the good buy ing demand for the metal and the i'm proved financial sentiment reflefcfited In the advancing prices for railroad and indtfstrial ,stocks on the New York market all contributed to the greater activity and strength of the coppers this week. As frequently pre- dicted in the recent past, the dividend paying copper stocks were the first to reflect the improvement in sentiment Market interests are wise in giving tneir attention to the stocks of copper mining companies which are in a po- sition to benefit most largely from the high metal prices and general pros- per1ty which are with us now. There is every possible reason for the belief that current dividend rates will be maintained for some time to come, also that several companies will fur ther increase their disbursements in the near future
 Copper share holders will receive several million dollars in dividends during the months of August and Sep tember. Included in the amounts will be S2,6s0,000 from Amalgamated, $2,- OO0,OOO from Calumet & Hecla, $S0O,- O00 from North Butte, $4OO,OOO each from Greene Consolidated, Granby and Butte Coalition, and numerous other companies will also make payments of considerable amounts. The influence of such dividend payments can hardly fail to find further expression in stock market activity.
 When one contrasts Brooklyn Rapid Transit, Southern Pacific, Colorado Fuel & Iron and numerous other rail road industrial stocks. which are sell Ing in the New York market between $40 and $50 per share and paying no dividends, with copper stocks like Quincy, Copper Range, Utah Consoli- dated, Anaconda, Greene. Mohawk and other coppers selling in the Boston market between $25 and $75 per share and paying $2 to $10 per share in divi- derds, he will not be surprised that the demand for copper mining invest ments is increasing, but will be aston lshed that such coppers as the ones named are selling so extremely low.
 On any reaction Utah Consolidated, Copper Range, North Butte. Butte Coalition, Greene, Granby, Old Domin- ion, Boston Consolidated, Utah Cop per and Bingham should be bought.
 Calumet & Hecla has declared a divi- dend of s20 per share. This makes it's total distributions $50 per share so far this year, s5,00O,00O. Including this one, the total dividends paid by the company aggregate S97,350,0 900. The company has a cash surplus of approximately s10.000,000, or $100 per share, and net earnings this year will approximate S90 per share. The sharp advance in the price of the stock show ed public appreciation of the compa- ny's ability to increase it's dividend payments while it is making heavy in- vestments in new properties and spending money freely on extensive exploratory and development work.
 Allouez's recent advance appears to be due to the fact that the manage ment has found location at which it can sink its No. shaft without fur ther delay, and with much less ex- pense than heretofore estimated I understand that Allouez is earning a substantial net profit over all cost of operations and developments and that in the extension of its underground openings the remarkable richness of its lode is splendidly maintained
 North Butte has declared a quar- terly dividend of g per share, the same as three months ago. The circu- 1ation of rumors from irresponsible sources, recently, that the rate would be increased to s2.50 per share quart eriy, prevented the stock from re- spending to this declaration as it otherwise would have done The com pany is probably earning at the rate of IS per cent to 20 per cent on the present selling price of it's stock, and is unquestionably good investment at the present price.
 Greene Consolidated directors have again declared the usual bi-monthly dividend of 40 cents per share. which is at the rate of S2.40 per share an nuaIly. or approximately 10 per cent on the current selling price of the GAL TWO-MANY MILLIONS =. spects duplicate of the great United Verde-perhaps 1t will prove to be G Geater than United Verde. To those who have been brought up to believe that United Verde is the largest and richest mine in the world this will seem a ridiculous statement. I have been making some comparisons, how ever, and my statement has basis of