Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1907-08-12
PROFITS IN
BIO MINES
DIVIDENDS PAID IN 6 MONTHS
s5s,ooo,ooo
COPPER ALONE PAID MORE THAN
$ss,ooo,ooo
Entire Mining Field of the United
States is Covered by Careful
Compilations Promise
for Future

Never before in the history of the min
ing and metallurgical industries of the
United States have profits been SO large as
during the past seven months.
According to a careful compilation by
the Mining World, 1O4 mines and ore
treatment works declared dividends ag-
gregating a total of 500, 1893, 1872 for the period
from January to. July, this year. Since
organization, these 104 companies have
distributed dividends of $50 63S, 339, show
ing a return of almost 80 per cent on the
issued capitalization of $549, 7S9 592. Of these
properties no less than "a have paid divi-
dends in excess of their capitalization
while a number Of other companies have
declared in profits so far over one-half the
amount of their outstanding share-capi-
tai.
OF the $50, 799, 1892 declared in dividends
this year, q copper mines contributed $685.
176l24 Since their incorporation these
copper properties returned profits of $685.
429,704 on an issued capitalization of $l74,-
502, $50. Fourteen of them, led by the great
Calumet & Hecla of Michigan, with divi-
dends to date of $103, $50, 600 on capitalize
ton of s., 800, 900; Boston & Montana, $780,
$4,000 on So, 10000; and Anaconda, with
$37, 100000 on $3O,0OO,O 00 have repaid their
capitalization. Generally speaking, the
shares of working copper mines of proved
value are quoted in the market at a big
premium. Calumet & Hecla at one time
recently touched 5000 for the $25 par value
shares, and on July 81 stood at S79Oq795;
while the last quarterly dividend, paid
June g. was at the rate of $50 per share
per annum.
Gold and Silver Profits
Trtas u Ill, 4
ties declared dividends this year amount
ing to $1O,6792O9, making toal of $12O 716,-
40l on an outstanding capitalization of
$751;, 1888, 392. Sixteen of these properties,
led by the Bunker Hill 81 Sullivan of
Idaho, with $10026,O 900 in dividends to date
on a capitalization of 100000; the Alaska
TreadweIl, $S,7S5, 900 on $5,OOO0O0; and Port
land of Cripple Creek, Colo, S7,5O7,S0 on
SO, 100000, have already distributed profits
in excess of their capitalization. The
great Homestake gold mine in the Black
Hills, S. D., which for twenty-eight years
has been paying dividends until the re-
cent Underground fire made it necessary
to temporarily discontinue the division of
profits, has declared to April %, 1907 a
total of Sl6,0S0,3 $50 on a capitalization
gradually increased to S21, $40, 900. The last.
monthly dividend was at the rate of per
cent per annum on the 500 par value
share, which now stand at $6l, without
sellers
Thirteen zinc properties have paid divi-
dends SO far this year of S, 1893, 124, making
a total of 81, $50 on an issued capital
ization of $1492S, 900. The largest payer
is the New Jersey Zinc company, which
declared this year 100000. making s1O.5O0-
coo in dividends since reorganization in
1897 on a capitalization of $10OO0,O00. A
large number of Wisconsin zinc mines are
paying handsome dividends.
One quicksilver property in California,
controlled in the east paid dividends this
year amounting to 100000 making a total
OF $4,000 since incorporation on a capt.
talization of 100000
In all, 80 metal mines announced divi-
dends for the seven months ending with
July. of S5O10S.547. making total of $685.
2l0,7 IA since organization on an outstand-
ing share-capital of s377,914542. This is
proof that mining pays.
Other Large Sums Paid
Great as may seem the dividends dis
tributed by metal mines. as above, they
do not include the large sums paid out
by such corporations as the Amalgamated
"copper" company, the American Securities
company, the Copper Range Consolidated