The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-11-12
RECORD MINE DIVIDENDS
Metal Producers Have Paid Over
100000 in Ten
Months.

The American metal mining industry is
enjoying unprecedented prosperity. Ac-
cordng to a careful compilation by the
Mining World dividends of 81, 1873 3S6 have
been paid by 10 companies during the ten
months ending with October. this year.
These properties have yielded in profits
to their shareholders since incorporation,
grand total Of S516,5310SS on an issuei
or about one-rhird of the properties pay
ing dividends today. have already re-
turned their capitalization.
Copper Stocks Lead.
At the head of the list stand the cop
per companies, whose earnings have been
rapidly multiplied by the enormously IT.
G. eased consumption of the metal both In
this country and abroad. Current hlSh
market prices Of cOrper-the highest in
quarter of a century-suggest that future
earnings of the mines will yield proper
tionately larger dividends than any year
since the commencement of the industry
in this country. In the ten months endlng
with October twenty-five copper compan-
les declared dividends Of s4S,517,027, max
ing a total since Incorporation of w.
156,077 on an issued share capital of $685.
069,050. Foremost is the great Calumet -
Hecla mine in the Lake Superior region.
which has paid this year S5,OO0OcO on an
outstanding capitalization of s., 500.000 and
has declared to date s97. 350O 900. The mar
ket value of the property on Oct. q WIS
%5.COOOo, or thirty-four times its author
company Of Montana has declared divi-
dends aggregating $40 tt6,5s during the ten
months this year on its outstanding capt.
ta!ization Of 1885, 800, and has paid since
organization IN 1899, a total Of $43, All, 20,
Many In Precious Metal List.
seventy-four gold. silver and lead prop
critics. including the smelter trust, have
announced dividends this year of s26, $50
063, making q total of slS2 061 ,5S7 since in
corporation on an issued share capital Of
Si11, 4S9, 252
The American Smelling e. Refining COM
pany, known es the smelter trust. is pay
ing per cent per annum in dividends on
both its common and preferred stock.
FL ON January to October. this year, the
&C combinations dividends amounted to 81
0C9.O00. making since organization in 1899
a total Of $31, 33l .553 on a capitalization
that has been gradually increased to $780,
90 CO.,
The Homestake gold mine in the Black
Hills, South DakOta-a low-grade propo-
sition-is paying monthly dividends Of 90
cents per share. or at the rate of per
months this year the dividends amount to
81 092, 900, making a total of s15 425, $50 since
the company was formed
Bunker Hill Earnings.
The Bunker Hill & Sullivan silver-lead
mine in the Occur dAlene district in
Idaho, distributed dividends this year of
H,32O,O00 to the holders of its $S,0O0,O0O
has yielded dividends OF $7,146,O00
The Alaska Treadwel mine-the great
est low-grade gold mine in the world
paid dividends this year of $4,000 on the
capitalization of $4,000 and has declared
to date total of IS, 2S5, 900. The market
value of this property is Sc, $50 900, but
transactions in its shares are seldom re-
ported. In addition to the properties
named there are number whose prin-
cipal revenue is derived from their out
put of silver and lead. These mines are
being greatly benefited by the unusually
high price for silver, which is due partly
to the expansion in consumption and to
the knowledge that production in the
increase.
Zinc Mines Pay Well.
Nine zinc properties declared dividends
of 81, 0S1, 494 for the ten months this year
and since their incorporation have paid
s.. 1850 on a capitalization of SIG, 926, 325
The New Jersey Zinc company distributed
this year dividends aggregating 100000
making a total to date OF $9300000 on a
share capital of 100000
One California quicksilver mine, owned
in the east. divided profits of 100000 this
year on 100000 stock and has declared to
date a total of $SS0O00.
The nickel trust. which owns mines in
Canada and elsewhere and refines its
product in the United States, paid 1854, 752
in dividends this year on an issued CAPT.
taliZation of IS, 912 600.
Summed up the dividends paid SO far
this year indicate that 1906 may be with
out parallel in the history of the mil:irg
and metaliurgicai industry in the United
States