Weekly Arizona journal-miner., 1907-08-14

mining and mctalmrgical industries of the United States have profits been SO largo as during the past seven months.
 According to careful compilation by The Mining World. l0i mines and gro treatment works declared dividends asgrcga,ng total of *59, 9,799 .332 for tho period from January to July, this ycar. Since organization, these lOi companies have distributed dividends ef $5i0,63s .339. showing a return of almost 03 per cent on the issued cap italization of s5i9,7s9,592. of these properties no less than 3i have paid dividends in excess of their capitaliza- aion; while number of other com Sanics have declared in profits so far ever one.half the amount of their out standing sharc-capi,al.
 Of the s59, ,79e,332 declared in divi. dends this year, 27 copper mines con tributed t3s,l76,2l4. Since their incor. poration these copper properties re- turned profits of s329, ,t29,7oi on an s' sued capitalization of $l7i,502,25o. Fourteen of them, led by the great Calumet & IIccla of Michigan, with divcidcnds to date of $l03, 3,350,000 on . capitalization of $2,50O,000; Boston ( Montana, sj6, 6,i25,OOo on s3,75O,Ooo, and Anaconda, with s37 100000 on 93O,OO0,0O0. have repaid their capital ixation. Generally speaking, the shares sf working copper mines of proved value arc quoted in the open market st a big premium. Calumet < Hccla ct ono time recently touched si.00C for tho $25 par value shares, and on July 3l stood at $79O to s795; while the last quarterly dividend, paid June 2s, was at the rato of ts0 per share per aanum.
 Fifty.eight gold, silver and lead properties declared dividends this veal amounting to slo,679,2O9, making [ total of &l2O,7l6,4Ol on m outstanding capitalization of sls7,9s3,392. sixteer of these properties, led by the Bunker Hill Sullivan of Idaho, with t10. 0.6,000 in dividends to date on cap italization of &3,OO0,OOO, the Alasks Trcadwell, $s,7S5,000 on $5,000, 900 and Portland of Cripple Creek, Colo. 97,507,Oso on $3,0oo,o00, have alrcad, Distributed profits in excess of thei capitalization. The great Homestak' gold mine in the Black Hills, s. D. which for twenty-eight years has beer yayinR dividends, until the recent un dsSground fire made it necessary tt esoporarily discontinue the divisior ef profits, has declared to April 25 1907, . total of elo,Os0,3so on . cap atalixatios gradually increased to e2l, olo,000. Tho last monthly dividend vss at tho rate of 6 DOT cent per an ssn on tho elo0 par value shares Olish now stand st esl. withou, sSllssS.
 Thirteen zinc propesties have paid Avidends so fer this year of el.ioS. 19S. mshing . totsi of els1sl. .eSs ol n issued capitalization of ell,oss, 900 rAe largest payer is the New Jersey xise company, which declared this year GOO, 900, making ei0.50o,O00 in divi aeads since reorganization, in 1897, or . capitalization of >i0,00O,O 900. A large eumber of Wisconsin zine mines are paying handsome dividends.
 One quicksilver property in Califor ais, controlled in the east, paid divi lends this year amounting to t6o.OOo .aking a total of >9l0 900 since incor poration on a capitalization of $500, 900.
 In all, 90 metal mines announced dividends for the seven months ending with July, of s5O,l0s,547, making . total of t4e3,2io,7A since organization sa an outstanding share. capital of @377,9l4,542. This is prooof that min lag pays.
 Great as may seem the dividends dis tTibuted by metal mines, as above, thsy d6 not include the large sums paid ou, by such corporations as the Amalga mated Copper company, the American Securities company, the Copper Rang' Consolidated company, and severa others, whose revenue is derived largely from share holdings in mines and work, which are being operated by rcgularl, organized companies.
 During ths seven months of this year six of these securities holding corpor ations have declared dividends of Al2, 7l2,O50, making a total of &67, ,424, ,eli sincc organization on an issued capi talization of $242,s47, 900. The Anal samated Copper company, which has [ controlling intcrest in the Boston 1