The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-04-15
PROFIT IN COPPER
STOCKS THIS YEAR
Red Metal Producers Share
Liberal Profits With the
Stockholders.
OVER TWENTY-0NE
MILLION DOLLARS PAID
Utah Consolidated Ranks High
Among Utah Mines Of
Splendid Worth.

During the first quarter of the cur
rent year the record high prices for cop
per have resulted In the payment OF s21.-
091 ,35i in dividends by twenty-five com
panies which are directly interested In
mining or are large shareholders In the
United States and Mexico. says the Min
Ing World. These twenty-five concerns
have declared since their incorporation
dividends amounting to the vast total OF
$S49, 729. 1873. Their issued capitalization.
varying from 81 000, 900 10 sl52 .0S7 900,
amounts TO 1858 SEA. $50. indicating that
the dividends paid so far are equivalent
to 9T.4 per cent
or immediate interes, is, what will
these shares yield in 1907? For instance.
Calumet e Hecla stool. Of S25 par value
when selling at SS4D per share upon which
$50 in dividends Is declared Chased on
the last quarterly paymenD. Will yield
about q per cent per anum. Since incor-
poration. In 1871, this company has de-
clared dividends aggregating the large to-
tai OF S10l $50, 900. which Is equivalent to
4,054 per cent on the capitalization OF ST.
500, 900. Amalgamated stock OF 500 par
value. marketable at sSsa and earning SIS
In dividends annually. yields about per
e Hecla at It's present market value
Since organization. in April, 1899. Anal
gamated has declared dividends OF S46.-
4IS.9SS on It's outstanding capitalization.
which has been increased from SIS, ,000,0 900
to SIS. .OS7, 800.
Arizona stock OF $40 par value. selling at
$3.50 upon which the annual dividend, cal
culated on the last quarterly declaration
is $40 per share. yields l2L per cent This
c
tied to Calumet az Hecla, whose stock, by
the way. is marketed at more than five
times the price of Calumet & Arizona.
Since incorporation In 1901. the Calumet
& Arizona mine has yielded dividends
Of $1,000, 600 or $50 per cent on It's is
sued capital of S2ooO,O0o Among the
returned their capitalization since organi-
cation are: Anaconda of Montana s33.
100000 on s30,oo0.000 issued stock; Boston
& Montana. $50, ,525. 900 on sS,75O, 900; Mon
tana Ore Purchasing, $9I43.l l19 on 81, 025,-
600; Osceola Consolidated of Michigan,
s6.362. 900 on 81, 403,S5O; Arizona. sS.9s2.
S07,25S on s2,29s. 800; Quincy Of Michigan.
s172TO. 600 on 81. 761. 900, United Verde OF
Arizona, s22, 2,270.322 on. s3.O00.000; Utah
81 ScS o snd
500 600.
There is some speculation as to the po
siti9n of, OF the copper n, market during dur The
are unsettled, because certain large con-
sumers are OF the opinion that the heavy
decline In the foreign market last week
lower prices in future. On March 26
standard copper sold In London at E95
los per ton (20.5o cents per Id. the low
est point I'm some months. Subsequently,
however there was recovery. and on
March 28, the last trading day OF the
month, the quotation was E97 5s per
ton (20 81 cents per lb). The average
price OF standard copper in London IN
March was s106.512 per ton (23,0l cents
per lb), which compares with G107,36S
| per ton (23.19 cents per lb.) In February.
| and GlO6 7S7 per ton (2207 cents per lb)
| in January, The average for the three
months Is % sloSsSs per SO Ton S2SUS 4 cen5S Is
cents per lb) In the first quarter OF 1906;
showing an increase OF e27.242 per ton
| (6,8S cents per lb.)s
| AT New York for the quarter ending
with March the monthly average prices
were. Lake copper, 25.iI4 cents per ID.
| in March against 25.20S cents In Febru-
ary, and 24SS5 cents In january for
three months, 25lS9 cents. which COM
| pares with 1914 cents for the corresponds
| ing period last year an increase OF 6.7iS
| cents per pound. Electrolytic copper. 250I
| cents per ID. In March, against 2l.93s
! cents in February. and 24.66 cents In Jan
| uary, an average for the three months of
"a 500 cents, against 1928 cents in 1906;
an Increase OF 6.626 cents per pound.
Export trade. principally TO Germany,
| Holland. France, Great Britain and Italy,
| is somewhat less than last year The en-
! ports for the first quarter. this year. APP
proxlmated IL, 900 long tons, as against
! 49, 500 tons In 1906, showing decrease OF
$500 tons, or about II per cent. Imports.
on the other hand; have Increased; the
quantity this year being $4,000 long tons
fine copper (ncludlng the metal contained
! in ore and mattel, against 25,2O1 tons In
1906. an Increase OF 100 tons. or over
ner cent The bulk OF these imports was
|