The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-03-02
DIVIDENDS TO Be
PAID THIS YEAR
ScSdfeId Consolidated Has Very
Substantial Amount in the
Company Purse.
EARNING CAPACITY
WILL BE GENEROUS
Trustees Issue an Interesting
Report to the Holders
of the Stock.

The board Of trustees of the Goldteld
Consolidated Mines company, the COM
hinstion which has taken over half
Joyen or more of Gold6eld S greatest
yellow metal producers, has issued an
Extremely interesting report, showing
The exact status OF this organization
and it's affairs. The general public has
been able 10 keep in reasonably close
touch with the merger and the details
of organization, but no statement has
ever been given 10 the public so COM
nrehensiye as the one referred to. In
The first place it would seem that the
Goldfeld Consolidated Mines company
is not far removed from the initial div
idend. for there soon will be something
like S7000000 in the treasury.
The report shows the production of
the various leases during the past year
upon the properties now owned by this
Consolidated company. These leasers
were known as the Hayes & Monnette,
. Francis. Oddie. Hohawk l.. & D. COM
pany. Kalfus, Mohawk Lease company,
D. Mackenzie, Begole and Curtis Bros.
These leasers produced during their life.
time a total of 54,362,979 dry tons of
ore. the gross value of which was So
. Sal .09569. the net value being $5,307,-
S929l. upon which the royalty amount
ed to 81 .194, ,27423.
One Of the latest and most interesting
steps taken by the Consolidated Mines
company was the acquisition OF the
Combination properties, with which
company the former was involved in lit
igatiou. For the Combination proper
ties, including water rights, the price
paid was $2,57S,2l6.SS cash and 175,000
shares of stock, which, at par, are val
ued at $l.l75,O00. OF the amount above
mentioned Sl,000,000 was paid the first
acf tbn prosopt way tho vnOH0rS
yescted to take the balance Of the pur-
Ease price in Consolidated stock. The
Combination company was capitalized
for 100000 shares, and the basis of
exchange with the Consolidated COM
pany was two and half shares of the
Consolidated for one of the Combination
stock
The Consolidated Mines company has
outstanding a total of 1927 ,T66 shares
issued stock total of 1872, ,234 shates.
The total acreage owned by the COM
pany is 395, ,1i9 acres, and the report
concludes as follows:
''As the company already has in its
treasury over 100000 derived from the
sale Of its stock, which may be used for
the erection Of mills, and to pay for
work of development, and will have
during the course of the year over So
100000 more derived from the same
source, and to be used for the same pur
pose, it will be readily seen that prac.
tically every dollar of profit from all
the constituent companies may be util-
lied for the purpose of dividends. Pay
meut of dividends upon a regular basis
VIII commence within q short time.
Arrangements are being made for
registration and transfer of the stock of
the company at San Francisco, Cal, and
at New York city. These arrangements
will be perfected in a very short time
We submit herewith reports Of the
treasurer and general manager and all
coN&Iacts and papers connected with the
co&fSqy, as it is now, and always will
be, the policy of your board TO have all
Of its transactions open to the fullest
inspection Of it's shareholders. -