Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-09-10

of the higher prices and improved de-
mand for their various products. A
careful compilation by The Mining
World shows that during the eight
months ending with August dividends
amounting to the enormous total of
$2T,S7I,754 have been paid by 81
mines and metallurgical works in the
United States. Since their .ipcorpor-
alton, these properties have yielded
the handsome sum of s4sS.410.553 III
dividends on an issued capitalization
OF S404 .s96.s15.
Large as this amount is it does net
include the dividends declared by Sc
eurities holding corporations, metal
selling companies and other organiza-
tons that derive great pecuniary ben
efits from the mining and metallurgi-
cal industry.
For the past eight months dividends
aggregating S5,53O,969 have been paid
by six securities holding corporations,
making a total of S75,6SS,62S since
their formation, an excellent showing
on their issued capitalization of $241,-
926 900. Foremost In this group
stands the Amalgamated Copper COM
pany, which controls the famous Ana
conda, Boston G. Montana and other
mines in Montana, and has mailed its
shareholders dividends of S2.30S,317
this year To date Amalgamated has
declared dividends of S56.465,7 zoe, the
last quarterly being at the rate of 81
per snare per annum; the issued cap
italization is $153,SS7, 800. Second
place is given to .the American Smell
tiers Securities company, which is af-
filiated with the so-called 'smelter
trust" it has declared dividends of
81 500, 900 this year equivalent to
ferred stock and per cent on the B
preferred,) making a grand total of
iSS,445. 900 on the outstanding capital
ization of S47,000,000
One metal selling company, the
United, whicn markets the product of
the Amalgamated and other large
concerns, is capitalized at s5.000,000
and has paid dividends Of sS75,600 so
far this year, making total of $780,
600 since 1900.
The copper properties head the div
idend list, and may be expected TO
continue to do so indefinitely, if for
no other reason than that their capt.
talizations are far below those of the
better known gold mines. In eight
months this year Is copper properties
distributed among the holders of their
S79 OPS, 900 stock the surprisingly
large total of S10.743, 7S0 in dividends.
Since their organization these 16 cop
per mines have handed to their tnous-
ands of stockholders no less than
S309, 293, 544. or four times the amount
of their outstanding capitalization.
: The banner copper mine is the Cal
. umet & Hecla, judging by its past
: record, for since its incorporation in
! 1871 it has yielded dividends amount
ing to the enormous total of S106,S5G.
: 900 on unauthorized capitalization Of
only 81. 100000. In the current veal
Calumet & Hecla has paid dividends
of 81. 100000, the June quarterly beinl
. at the rate of $50 per S25 par value
: share per annum, or about 5 per cen
. on a market quotation of 1878.
Anaconda of Butte, capitalized a
: $50. DOC, 900, has a dividend record o
$40, 100000 since its organization il
1895, and for eight months of 190'
il declared 81 500, 900, which is equiya
lent to sI5O per SIS par value share
or about 3 per cent on market quota
: ton of $40. Boston & Montana, ais
!, of Butte, in q years paid dividend
q lsmounting to S5S,375.000, which i
r equivalent TO nearly Is times the al
T thorized capitalization of $4,000
i In the current year Boston & Nor
/ ltana has declared dividends of 1850
: 900. or 50 per $25 par value share
= Another famous copper mine is tn
, United Verde OF Arizona, which sine
e its Incorporation in 1899 has paid div
) dends of S26,095,322 on a $4,000, 90
2, capitalization. This year the Unite
l. Verde announced dividends of $1,000
e 600, equivalent to Sc per S25 par valu
: share. The Calumet & Arizona has
{ unique record, for 1t is credited wit
e the payment of s10,00O.000 in div
y dends in seven years, showing a r
II turn OF $50 per $40 par value shar
In 1893 the Calumet & Arizona d.
clared dividends of 100000, the la
quarterly being at the rate OF 81 p'
$40 par value share per annum, {
about 3 per cent on a market value
he SIPS.
s. The higher prices for copper, ar
~ the expected increase in consumptic
a. Ia TIE near future, are factors tn
OF suggest the payment of larger din
q bends by these mines.
III Thirty-seven gold, silver and lea
sl mines, having an outstanding capt.;
ca ization Of 500, S49 ,065, are credit
% with total dividends to date Of $50, 25
la TAI. of which the amount for 1908
81 s6.073. 1876 In the lead is the gre
IN Iomestake low grade gold mine
90 the Black Hills Of South Dakota;
monthly payments OF so cents D
- share (par 800 and market value SO
Il so far this year aggregate SS7S,6s
making a grand total of s16.e5S-950
date. The capitalization of Homesta
has been gradually increased to 81
$50. 900. The Bunker Hill G Sulligi
/ silver-leed mine in the Occur dale
district of Idaho. capitalized at $500
600. has paid dividends for tae Gig
months this year amounting to SIS
geo. making a total since organs
ton OF 310.446, GOO. The Alaska Ire;
well, another famous low grade &c
mine. has returned in dividends
cate se,435,090 on its 100000 ca
taIiza ton So far this year the AL
ka Treadwell has paid its sbareao
ers $45e.9e6, the last quarterly bel
at the rate OF So per S25 par val
share per spnum. The Portland
4 Cripple Greek, capitalized at $500
600 pays quarterly dividends Of
cents per 81 share, amounting
$3.50. coo for three quarters in 1903 a
has a record Of 1881 $50 since inc