Los Angeles herald., 1907-07-15
TALES OF MINING WEALTH
CAPTIVATING TO PUBLIC
ASTOUNDING RECORD OF BIG
COMPANIES
Showing for the First Five Months of
1907 tell Of the Fortunes in
Gold, Copper and
Silver

Few things are more fascinating than
the figures that tell of wealth and that
run into the hundreds of millions, and
when those figures appertain to mining
they become even more captivating to the
mining public. Therefore, the astound-
ing record of the dividends that have been
declared by mining companies of the
of 1907 claim attention.
During the period named some 90 COM
panies have declared dividends amount
ing to s4S,S23, 900, and since their incorpora-
ton these companies have declared divi-
dends amounting to s558, ,315,547 on an is
sued capital stock Of $7S4,034,SO7.
In this list are four companies, capital
ized at s217, ,OS79OO, which have announced
dividends from the profits on shares held
in subsidiary properties; for the five
months the amount is $S,09351S, making
total dividends of $5S,560.746.
The record of the copper mining COM
panies is particularly good. At the head
of the group stands the Amalgamated
Copper company. whose outstanding CAPT.
tai of $153, ,0S7, 300 represents the controlling
interest in the Anaconda, Boston and
Montana, Parrott and other copper prop
critics. The Amalgamated, or parent COM
pany, is paying quarterly dividends at
the rate of per cent s12247,O32) per an
mum, and has declared from its organiza-
ton, in April, 1899, to May 81, 1906, total
of s49,54O,746.
The United Metals Selling company,
having a capitalization of $5,0O0,O0O, and
which markets the product of the Anal
gamated sub-companies and others which,
| in fact, according to the recent testimony
of the Calumet & Hecla company in an
, swer to the Bigelow suit, handles between
60O O0O 900 to 500, 900, 900 pounds of copper ore
out of a total annual production in the
United States of about 1000, 100000 pounds.
this company paid $1,375,0OO 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,S75OOO In divi-
dends practically 100 per cent on it's capi-
tai stock in six years and half.
More Dazzling Results
Twenty-Five copper mines having capi-
tai of S176, ,S55, $50, have paid S24, ,1o1 in
dividends so far this year and $SO5, 1867, Isl
since their incorporation. The leader of
this group so far has been another copper
mine, the Anaconda, which has declared
dividends of $4,000, 000 making total since
incorporation of $35, ,000,0 900 on it's capitali-
zation of $30, 900, 900. Second place for the
year is given to the Boston and Montana
mine, $3,6OO0O0, making S54S25,OO0 since
organization, on a capital of $3,75O,000.
The Arizona Copper company, in which
British investors are principally inter-
ested, has divided profits of s2,262,177 this
year, making a total of S1O1O4,29S ince in
corporation on share-capital of $3,775,-
900.
The great Calumet and Hecla mine has
declared s., 100000 this year, making the
dividends to date $101 $50, 900 on the author
lied capitalization of only S3,5000O0.
One Of the more remarkable copper
mines is the Calumet and Arizona, which
in seven years has paid back four times
its issued capitalization; the dividends for
the five months in the current year were
s., 100000, making total of SS,OOO,OO0 since
organization in March, 1901 on S2,0OO,OOO
outstanding capital.
Among the other big dividend paying
copper mines that have returned their
capitalization may be mentioned the
United Verde of Arizona, $22,72O,322 on $3,-
900, 900; Quincy, $17,2lOOOO on $9,75O,0OO (ori-
ginally 81 O0O); and Tamarack, 9,1SO,OOO
on s1,5O0, 900.