The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-07-15
COPPER DIVIDENDS.
No Wonder That Investors Are Enthu-
siastic Over Copper Stocks.

Is there any wonder why investors in
copper shares are generally so enthusi-
estic when twenty-three of the mines
In the United States can report to the
months this year aggrcgating s2o. .469. 00l ?
says that publication Since incorpora-
ton these properties have yielded divi-
dends OF s50S, ,69s, ,090, which calculated on
per cent? Understand. these dividends
do not include the declarations made by
The Amalgamated Copper company and
Copper Range Consolidated. which control
certain mines whose Individual dividends
are reported above. 1t would hardly be
fair to duplicate the dividend payments
by reporting those Of securities holding
corporations. so we have arrived at our
total by compiling the profits distributed
by the mines themselves. Thus we may
feel assured OF learning as accurately as
possible the dividends from actual min
Ing operations, not stock speculation of a
sort which is modern in style.
AT the head OF the dividend list this
year stands the Anaconda mine, which is
controlled by the, Amalgamated Copper
company. For six months the Anaconda
dividends amount to s4.2Oo.o00. equivalent
ize alton: the total dividends to date aggre-
gate s33, 100000. On July I the market
value Of the SIS par value shares was
s5si 10 S5si. Boston & Montana, which
is also under the control Of the Anal
gsnated Copper company. paid dividends
this year Of So 500. oo6. making a total Of
s54, 4,325.000 since Incorporation. in 1887.
ing return of about 1850 per cent. The
great Calumet & Hecla mine, which is in
dependent OF any combination. for six
months this year has earned dividends of
$4,000. 900. equivalent to 160 per cent of
the capitalization OF s., 100000 and since
incorporation, in 1871, has declared Sl03.-
100000, or 41S4 per cent. The s25 par
value shares were quoted at Ssl2 on
July 1
An example OF intelligent mine man.
sSement is the Calumet &, Arizona, which
In six months this year paid dividends OF
capitalization OF $4,000. 600, and since
its organization. In March, 1901. has dis
tributed IS, 900, or 100 per cent. The
s1e7 to s17O on July l. The Arizona mine.
which is owned in Great Britain has
done very well so far this year, declaring
dividends OF s?;2s2,l77,s making the total
present issued capital is s3,6s7' $50. sena
tor Clarl1's United Verde mine in Ari-
IONA pays handsomely; for six months the
$4,000. 900 capitalization: while the total
S si5.522. '''e' - D amount % S--'-
Other large dividend PAYERS that have
r"-"~ned fNeir share capitalization since
Incorporation include Quincy of 'Michi-
gan, 4ll,945. 900 on 81. .250.o00 TO $3.50 900
capital; Tamarack, $3.50. 900 on 81 800, :
$500. 900, wolverine, s4.53O, 900 on ST 500 :
600; Parrot OF Montana Controlled by
the Amalgamated Copper. company
"a, ,s64. 720 on s.. 29S 500. and Osceola Con-
solidated OF Michigan. ss.362, 900 on s2, 40s, =
$50 Issued capital
These enormous profits have been paid
from the increased earnings resulting
from the high market prices for the metal,
which this year wero ga TO 25 cents
per pound for Lake, 22 to 255 cents for
electrolytic and 2i TO 25 cents. for cast
Ing copper, These prices are substantially
higher than last year, the difference In
part making UP for the smaller exports
so far in 1907.