Los Angeles herald., 1907-03-17
BIG DIVIDENDS
PAID BY MINES
TOTAL FOR 1906 WAS OVER
S1o5,00o,0o0
Evidence Of the Great Era Of Prosper-
lty During the Past Year-Produe-
ton Of cold and Copper
Marvellous

Marvellous
General prosperity in mining and
metaliurgIcal industries. resulting from
an increased demand and higher prices
FOR the various primary and secondary
nroducts has made possible the pay
rnent OF large dividends. =
In 1906 the dividends declared py y
1be companies operating IN tne liisSi CliseI
States, Mexico, Canada anu -, ,tt,,, a.
and south America, as tabulatea py l lne
Mining World, amounted to the large
total Of S1O5, ,197, ,755. Since their moor
poration these concerns nave us
tributed profits of S574692,9u.
THE conner mines Stand at the head Oh
the dividend list, thirty-two properties
reporting $50, ,742,345 In l9O6' Wnlcil
makes $3.50 591, ,020 since their incorporaacc
tion. The largest amount paid IN lsVo o
was S10,716,153, by the Analgaiina,eeu H,..,a
Conner company, making its total since
Incorporation. in 1899, S43,417 ,2SO: The
nresent outstanding capitalization OF
mis- combination is $153, 3,0S7, 900, and lts
last quarterly dividend was at the rate
e,f 3 per cent per annum; TINS IS pelns
earned largely by sharehcldings IN SUD-
sibly copper companies situated In Mon-
tana-
one of the most important or tnese
properties is the Boston & Montana,
which although capitalized at only
~ l75O. 900. has paid dividends of S7,2OO, :
O0O In 1906 making a total of $5O,tzo'UVV
C1353 per cent? since incorporation IN
1887. The last quarterly dividend Oh tnls
company was $12 per share, being at the
rate Of 1874 per cent per annum on Lne
Capitalization. Anaconda, anotner
Amalgamated offspring, paid dlvloenos
of s4,0SO, 900 on $30,O00000 capital In lsOo,
and since organization under MontaIla adn
law in 1895. il has declared $50, 900.
North Butte paid $3,950,000 in 1906, max
ing S4,4O0,000 (nearly 49 per cent? SINCE
incorporation on $9,000,000 issued capltal.
The Lake copper mines have distri-
huted large dividends during the year.
Calumet and Hecla, with q capltallza-
tion of only $2,500,000, paid dividends OF
s7.O00,0OO in 1906, which makes total
since Incorporation, in 1897, OF $99,30O, O,VUU'
or 1914 per cent. The value of this stock
mar S25) on December 81, 1905, was $3.50,
making the total market quotation Tor
the property $S9,500,000, equivalent to
nearly 36 times the capitalization.
Copper Range Consolidated, holding
company which has an interest in the
Champion, Trimountain and other
properties, and is capitalized at $685.
100 Qssued), declared dividends OF W.
3O2, ,6S6 in 1906, making $4,221,5 591 since IN
corporation in 1901. Quincy, opened IN
1S4S, has been quite steady producer
of copper ever since, and has paid divi-
dends to the end of 1906 amounting to
SIG, 595, ,O00 in 1906 the payment was ST.
375,000.
The present capitalization is $3,750,0O0
while the market value on December 81
1906, was $17, 100000. Osceola Consoll-
dated is making a record; 1t is capital
ized at 81, 403, 750 Cssued), and has paid
dividends of $961,500 in 1906, making a
total of $5,7S5, 700 since organization in
1873
Osceola stock ON December 81, 1906,
was quoted at $147 to $151, an average
market value of nearly $15,000,OO0 for
the property. Tamarack, capitalized at
$1,000, 900, paid dividend of 100000 in
1906. making total of $4,000 600 GOO per
cent? since Incorporation in 1882 VOL
VERNE is distinguished by its low work
ing cost; it's dividend in 1906 amounted
to 81, 500, 900, equivalent to 100 per cent
on the capital, and making a total of
SO, $50, 900 since Incorporation in 1890.
In Mexico, the Greene Consolidated
Copper company is the largest divi-
dend payer in its class; in 1906 it de-
clared 81, ,S91 200, making a total of So
737,800 since 1899 The present outstand-
ing capital of the company is $10000,-
000 while the market value of the prop
erty on December 81, 1906, was $33,000,-
00O Other large dividend paying cop
per mines are situated in Arizona, Utah
Tennessee, California, Wyoming and
British Columbia.
There were 113 gold, silver and lead
mines and works that paid dividends
of 2,406, ,164 in 1906, making their tota
since Incorporation $232, ,455,530. The
largest dividend payers today are the
ore treatment works. The American
Smelling and Refining company, known
as the smelter trust, capitalized al
$100, ,000,0 900, paid per cent on both its
common and preferred stock in 1906
the combined dividend being S7O00,O0O
and making the total since 1900, $751;
3s1.55S.
In addition to this amount the smell
ter combination has established profit
sharing fund for it's employees, the an
nual distribution being equal to 5 per
cent of the net earnings The market
value of the property of the smelter
trust on December 81, 1906, was $131,-
71S,750, which is nearly one and a half
times it's capitalization The Federal
Smelling and Refining company, which
is affiliated with the smelter trust, and
is capitalized at $1S000,000 Gssued) paid
dividends of $1,860,000 in 1906, making
the total since Incorporation, $4,23S, 900.
The last quarterly dividend of the
Federal was at the rate of 20 per cent
per annum on the common stock, and
per cent on the preferred. The Amer
lean Shelters Securities company a
holding company closely identified with
the smelter trust, paid dividends on its
$47, 900 A and b preferred shares to
the amount of. 81, 900 in 1906. MAX
ing a total Of $4,095, 900 since organiza-
tion in March, 1905. The United States
Reduction and Refining company with
ore treatment works in Colorado, paid
dividends of S236,748 on it's $3,945,SO0 is
sued preferred stock in 1906, making
the total distribution on these shares
s769,7b7.
The largest dividend paying gold mine
on the American continent in 1906 was
the Esperanza In Mexico, which de-
clared SO. $50 on capital OF $2,275,-
900. making its total since incorpora-
ton S4, ,347. .525. The Bunker Hill and
sullivan sllver-lead mine in the Coeur
d'Alene. Idaho, paid S2,O4O,OOO in divi-