The daily sentinel., 1907-07-01
COPPER MINES ARE THE
MOST VALUABLE
Secure Stock lii the Sinbad Mines
and Reduction Company.

Mining is pretty profitable indus
try in the United States. During the
first five months of 1907 some 93
companies, according to the Mining
Worlds record. have declared divi-
dends amounting to SiS,S23. 600, and
since their incorporation these com
panies have declared dividends
amounting to S55S.315,547 on an is
sued capital stock of $7S4, ,034.S07.
In this list are four companies.
capitalized at $271.OS7.90O, which
have announced dividends from the
profits on shares held in subsidiary
properties; for the five months the
amount is $S.093,51S, making total
dividends of $5S, ,560,746.
The record of the copper mining
companies is particularly good. At
the head of the group stands the
Amalgamated Copper company,
whose outstanding capital of $153,-
0S7,90 represents the controlling in
terests in the Anaconda, Boston &
Montana Parrot and other copper
properties. The Amalgamated, or
parent company. is paying quarterly
dividends at the rate of per cent
($12, ,147, ,032) per annum. and has
declared from its organization in
April, 1899, to May 81, 1906, Il total
of S49,54O,746.
The United Metals Selling company
having a capitalization of $5,000,00O
and which markets the product of
the Amalgamated sub-companies and
others which, in fact. according to the
recent testimony of the Calumet and
Hecla company. in answer to the Big
Glow suit, handles between G00,000,-
900 and 00,000.00O pounds of cop
per ore out of a total annual produc-
tion in the United States of about
1000, 100000 pounds. this company
paid $1,375, 900 in dividends for the
first five months of 1907. The COM
pany has paid up to the end of May
since its organization in 1900, $4,-
$4,000 in dividends, practically 100
per cent on its capital stock in six
years and half.
Twenty-Five copper mines. having
n capital of $176S55, $50. have paid
S24,069,l0l in dividends so far this
year and $3O5, ,S67.7S1 since their in
corporation. The leader of this
group so far has been another cop
per mine, the Anaconda, which has
declared dividends of $4,000. 900.
making total since Incorporation of
$35,0OO,0OO on its capitalization of
3O,OOO,OO0 Second place for the
year is given to the Boston & Mon
tana mine. s3.60O.OOO. making S54.-
$4,000 since organization on cap
ital of $3.50. 900.
The Arizona Copper company, in |
which British investors are princf- |
pally Interested has divided profits
on s2.262,177 this year. making n |
total of S10.104.29S since incorpora- |
ton on share capital of $3.775.OOO. |
The great Calumet & Hecla has
declared S2,000.0O0 this year, max
ing the dividends to date $1O1.35O,-
600 on the authorized capitalization
of only $2.5OO.00O.
One of the more remarkable cop
per mines is the Calumet 4 Arizona,
which In seven years has paid back
iour times its issued capitalization
the dividends for the five months in
the current year were $2,000,O0O,
making total of sS.OOO.O 900 since
organization in March. 1901, on So
100000 outstanding capital
Among the other big dividend pay
Ing copper mines that have returned
their capitalization may be mention
ed the United Verde of Arizona, S22.-
720.s22. on s3.000.000; Quincy,