Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1908-04-11
Income From Mines.
he Mining World saws.

The Mining World says:
For Al mines and metallurgical
works in the United States to pay
dividends aggregating the total of SILL
$50, 196 for the first quarter of the
current year is a pretty good indica-
ion of the profits that are being made
Notwithstanding the lower market
prices of silver, copper. lead and zinc
These Al mines and metallurgical
works, according to q careful compila-
ton by the Mining World, have paid
in dividends since their organization
the grand total of s417, 964,321 ON an
issued capitalization of 1856, 759, $50.
Large as the dividends mentioned
above may seem they do not include
the disbursements by the Amalgamdt-
ed Copper company and other securi-
ties holding corporations. From Jan
uary to March this year four securities
holding corporations. having an out
standing capital of $241, 266,O de-
clared dividends of $2,247 DOL, making
the total since their organization $72,
3SS, 661.
Another source of large revenue
from mines is the sale of the products
on commission. One metals selling
corporation which is Identified with
the Amalgaamted aud other large in
terests by reason CT the tact that 1t
markets their cop er declared a divi
dend of $3.50 ibis wear. making tie
total to date $6,000,0OO on a $4,000 600
capitalization.
Of the SO metal mines that paid divi
dends in the first quarter this yea
nine produced copper. and these re
| port a distribution OF $3,622 1872. Since
their incorporation these niue copper
mines have yielded dividends amount
ing to the large total of 1912, OSO.67 on
an outstanding capitalization of only
| $51, 900. Cal met and Heels,
which, on it's S2,5OO.00O has declared
dividends to date of $106, 100000, cut
It's quarterly payment in 1908 in ha'f
| (to 100000, or So per sharel, because
the copper market is in unsettled con
dition. Nearly all the other copper
mines reduced their regular dividends
temporarily.
Twenty-six gold, silver and lead
mines have declared dividends of $2,-
223, 16S so far this year, making their
grand total since incorporation $685.
41S,336 on an issued capitalization of
S91, 202, 200. The largest individual
payer was the Homestake gold mine,
IN the Black Hills of South Dakota
it declared three monthly dividends to
the aggregate total of 1927 900, bring
ing it's record to SIG, 407, $50 on a CAPT
talization that has gradually been in
creased to $21 $40, 900. The Bunker
Hill and Sullivan silver-lead mine, in
the Occur d'Alene district, Idaho, also
a regular monthly dividend payer, has
been obliged to reduce its rate, so that
for the first three months this year the
amount totaled only 100000. To date
the Bunker Hill aud Sullivan mine has
yielded dividends of S9,996,000 on a
100000 capitalization-an excellent
showing Five gold and silver mines
in the newer districts of Nevada came
forward this year with dividends OF
$3.50, 800, making the total since CAPT
talization of $4,OO5,OO0. The labor
troubles at Goldfield have also beer
responsible for the interruption o.
dividends in that quarter.
Only one quicksilver mine in Cali
fornia has declared a dividend this
year, amounting to $4,000, making
total to date of $1,O1O,O0O on a $500,
600 capitalization.
The work of placing the wires from
the Wardner substation of the powel
company to the Caledonia mine, stu
ated just across the ridge from Ward
ner, is finished, and the work of in
stalling the electric hoist will be begun
within few days.
, The CRANKY shipments constitute
, the entire Boundary (B. c. output TO
| last week. The shipments amount II
"a, 6S7 tons.
, The Federal sampler at Wallace ha
resumed operations after having beef
, closed since about the first of tn
year. Between 20 and % men wer
given employment. Several cars of or
, were shipped down from the mills.