The copper era., 1906-01-11
Copper Stock Dividends in 1905.
.m Hayden. Stone 6 Co,s. Circular.

The year Just closing ndS DcCA marked by great prosperity in the copper mining industry, which has been reflected in increased distribu- tions to stockholders. Companies that have been numbered among the dividend payers have increased their disbursements, and other com pani e have entered the dividend ranks for the first time.
 The most prominent of the new dividend payers is Copper Rang, which has paid four quarterly divi- dends of $1 each, its total disburse- ment, including the small amount of subsidiary stocks unexchanged, being SI,54O,O 900.
 North Butte is not only new to the dividend ranks, but to the list of producers as well. Although organ fzed only last April, it has paid two quarterly dividends, the first of 50 cents, the second of 75 cents a share. Its total distribution for the year has been $5OO,OOO.
 Old Dominion recently paid a divi- dend of 50 cents a share. This was not for any specified period, and off, cials intimate that it should not be taken as committing the manage ment to any definite dividend policy. The total distribution was S175,O0O.
 Mohawk has declared dividend of S2 per share, which is properly to be credited to the earnings for 1905, al- though not payable until next month. This calls for $2OO,OOO.
 Granby Consolidated has declared first dividend of 30 cents a share, or S405, 1000, payable in January. This is a total of S2,82O,OOO by companies that have not paid dividends before.
 Many companies already in the dividend ranks have increased their payments. Calumet & Hecla has paid $50 per share this year, as against $40 per share in 1904, an in- creased of $1, 100000
 Amalgamated has distributed S6,- 924, ,960 this year, the first two divi- dends being of S1 per share each, and the last two of SIPS yer share. During 1904, only S2 per share was paid, the increase being s, SAT 200.
 Anaconda has paid s2 per share during 1905, as compared with $1 per share in 1904, the increase being S1,- 10000. Most of this went to the Amalgamated, as the owner of a majority of the stock.
 a1c raid % nor Sh Te this year, as against $1 per share last year. Its distribution is $229,- $50 greater. As with Anaconda, most of this goes to the Amalga- mated. Boston & Montana has paid less this year than last, but as prac- tically no stock is in the hands of the public, its dividends are of interest only as bearing on Amalgamated.
 Atlantic paid dividend of 50 cents share or S5O,OOO in all, early in the though it was a dividend payer al- most every year from 1878 to 1901.
 Utah Consolidated has just de- clared dividend of S2.5O per share, payable next month. It has paid S3.5O per share this year, a total of Sl,050,000. This compares with $3 per share, or S9OO,OOO last year, an increase of $15O,OOO.
 United States Mining has increased it's share capital as well as its divi- dend rate, but no dividend has been paid as yet on the increased capital. Last year that company paid 50 cents per share on 479,2OO shares. This year it has paid SIPS per share, the increase being $359, 400.
 United Copper began dividends on its common stock this year with a distribution of l per cent, or S45O,- GOO. The initial quarterly deividend for 1906 is II per cent. extra.
 Wolverine has paid S11 per share this year, as compared with S7.50 per share in 1904, the increase being S2lO, ,OOO on 6O,OOO shares. The latest dividend on Wolverine was $6 per share, for the half year.
 Quincy paid S3 per share each in January and in July. Last year its dividends were $2.5O each. Its dis tribution for 1905 was S6O0,O0O, as against S5OO,OO0 during 1904.
 Tamarack has declared only one dividend this year of S2 per share, or S120,OOO. Last year it paid S1.50 per share, or $90,OO0. The previous divi- dend was in 1901, when S20 per share was paid.
 Greene Consolidated has paid divi- dends of 40 cents share every two months, or $24O per share for the year, which, on S64, 900 shares is 3D. 73,6OO. Dividends during 1904 amounted to S1.6O per share on 72O,-