Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1907-09-20
Mining PROFITS
NOTHING SMALL

Wnen IL is learned tnaC 1US mines
and metallurgical works in the
United States, according to a careful
compilation by the Mining World,
have paid dividends for eight
months this year amounting to the
large total of $64,967,1S1, there can
be no further doubt of the vast
profits that are being earned in the
mineral industry. These 100 con-
Germs have declared in dividends to
date $519,191,S03 on an issued cap
italization of $555,114,517, showing
return Of 931s per cent. 1t should
be said to the credit of the 104 gold,
silver, copper, lead, zinc and quick
silver mines reporting their divi-
dends that they have already de-
clared the enormous sum of $471,-
734,208, which is equivalent to 124
per cent on the outstanding capitali-
cation of $383.239,467.
These huge profits have accrued
not only to individual shareholders,
but have also contributed generous
ly to the income of such securities
holding corporations as the Anal
gamated Copper Company, the Am
erican Securities Company, the Cop
per Range Consolidated Company,
and others which are heavily inter-
ested in operating mining compan-
les. Six of these securities holding
corporations, with an outstanding
capitalization of $242.726,00O, have
declared dividends so far this year
amounting to $13,391,25O, making y
total since incorporation of sos, 103,.
$40, for comparatively short period
The Amalgamated Copper Company,
which has a controlling interest in
the Boston and Montana, Anaconda
and other mines whose dividends are
included in the total for operating
properties given above, has declared
$9,201,276 this year, and since 1899
has distributed $52,618,5O4 on its is
sued capital of $153,8S7, 800 Anal
gamated now pays per cent per an
mum. The American Shelters Sc
curities Company, branch of the
smelter trust family tree, divided ST.
$4,000 in profits this year, making
a total of $5,925,00O on an issued
capitalization of $47,00O,000; the
"a" preferred shares yield 6 per
cent per annum, and the "B" pre-
ferred 5 per cent. The Copper Range
Consolidated Company, which is in
terested in the Baltic Champion and
other Lake copper properties, de-
clared $1,535,124 in dividends this
year, making total of $5,756,71
on an issued capitalization OF $685.
37S,100 to date.
Another source of large profit is
the sale of metals on commission.
The United Metals Selling Company,
which is affiliated with the Amalgar3-
ated Copper Company, and is CAPT.
tuiihSN az Yc,VVVVVU, LIDS u6CldTSu II
dividend of $4,375,00O or 271a per
cent for the eight months this year.
Since incorporation, in January,
1900, the United Metals Selling Com.
pany has disbursed profits of $4,S75,-
900, equivalent to 97h per cent OF
its capitalization. In addition to the
above there have, been large profits
divided by numerous private and
close corporations, to say nothing of
the vast sums that have been earned
by smaller mine owners and pros
pectors. Labor, machinery and sup
plies, transportation, and the multi
tude of incidental necessaries for on
Grating mines and metallurgical
works, have all required extraordin-
airy disbursements-suIns of money
which few other industries are cap
able of earning. No wonder that the
shares of mining companies of merit
are in demand, many of them AT
big premium.
Copper mines continue TO lead III
the dividend list, and notwithstand-
ing the reaction in metal prices. may
be expected to roll up a big total for
the year. During the first eight