Los Angeles herald., 1906-10-29
MINES AND MINING
ON PACIFIC SLOPE
RUSH FOB CLAIMS STARTS TO-DAY
Opening of the Walker River Ind an Reservation
in Esmeralda County, Nevada-Revival OF
Silver Mining Operations Is General

these enormous dividends are credited
to the copper companies. At the head
of the list stands the Amalgamated
Copper company which has declared
81, $1,000 i'm August 1864 1886, or 5.75 per
cent for the eight months, making a
total of $40 472 since Incorporation
on sl5S0S7 900 capital stock. Senator
Clark's United Verde mine in Arizona
is understood to be paying S225,0
monthly. making s1,S00,00 or sixty per
cent on So, ZOO. 600 for eight months and
bringing the total dividends since in
corporation up to $50, sos, 1922 Continued
high prices of copper suggests larger
dividends; in fact. several of the i'm
portant mines have already announced
increased profits
"In the gold. silver and lead group
the situation is most gratifying, by
reason of the greater demand and inn
proved prices for the commercial
metals
These properties declared dividends
of $521, 900 in August and $4,911 200 for
the eight months making a grand total
of 42,994,6 since incorporation on an
issued capital of S53, ,740 600. The Home
stake mine in the Black Hills carries
the banner, having paid $109,200 in Au
gust and $S73 600 or four per cent, on
$21, $40 900 capital for the eight months,
making the total dividends to date
$15 2O6, $50. The Bunker Hill and Sulli-
van silver-lead mine in the Occur
d'Alene, Idaho, has remarkable record.
In August it paid $1S0,0O0. making
81. .440. 900. or forty per cent for the eight
months on $3,000000 capital, while the
total dividends since Incorporation
amount to $2,966,OOO. The Grand Cen
trail mine in Utah is now paying month
ly dividends of $15,000.xpr at the rate
of seventy-two per cent per annum on
$250,O00 capital; for the eight months
this year the amount is $4,000. maxi
ing total since incorporation of ST..
900. The Hecla mine in Idaho, which
is now distributing an average of eight
per cent, or $4,000 monthly, has paid
during the eight months ending with
August $780, 900, and since organization
$7S0,000, on a capital of only $250,000.
Three zinc properties declared divi-
dends of $304,100 in August, $917, 200 for
the eight months this year and $9,492. 600
since incorporation, on the issued capi-
tai stock of S10,2150O0. Foremost stands
the New Jersey Zinc company, which
pays quarterly dividends of 100000 at
the rate of twelve per cent per annum,
and has declared since organization
So, ,30O0 900 on capital of $4,000, 900.
Many private and close corporations
engaged in the mining and metallurgi-
cal industries are paying large diVi-
ulleuS W lew SHdTGHOlu-
ers. Were it possible to compute these
profits and allow for the enormous
sums that are paid in wages and for
working the properties the result would
be amazing"
Nuggets of News
H. I. Reynolds, the we'll known min
ing expert and owner of the Los An
geles, has just been elected president
of the Lucky Mining company, with
valuable group of claims within eight
miles of Johnnie. Nevada. o. P. Lock-
hart was elected treasurer and Harry
Clark secretary. Work on the tunnel
was stopped recently, pending reor-
ganization of the company. President
Reynolds will leave for Johnnie this
week to arrange for the resumption of
mining.
After having worked for three years
as a waitress in a Bodie restaurant
and then in Goldfeld, Miss Samona
Guerra, at present stopping at the
Overland hotel, in Reno, saved enough
money to stake prospector who went
out with the recent rush to the Won
der district and located claims which
have since been proved up and sold
TO an eastern syndicate for $3.50, 000
Miss Guerra's share of the proceeds
was $50, 900. The lucky miner has pur-
chased a ranch near Stockton for her
parents and there they have moved
She says she will spend a year in
travel