The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-08-03
DIVIDENDS OF
SEVEN MONTHS
Sixty Metal Mines and Works
in the United States Pay
Nearly S25, 100000.

For sixty metal mines and works in the
United States to pay div.-ends amounting
to the large total of s24.s943H for seven
months this year-a period of low prices
and curtailed consumption-is indisputaDle
testimony of the extraordinary profits
that are being earned in the great mineral
industry. by careful tapulaton the
Mining World has ascertalned that THESE
sixty corporations, with capitahZauons
varying from 100000 TO SlOV,vOOvvO. nave
since their organization distributed dlVl-
dends among their numerous shareholders
TO the enormous total of $4SS.Oo6,0ls. ON
the issued capitalization OF $3.50. 4cl, oJO the
dividends paid thus far show return OF
III per cent, which may rightly be called
the magnet that has attracted so many IN,
vestors in mining and metanurglcal
shares.
Besides the large dividends declared by
the mines and works, there is being DIS
tributed at regular intervals vast proilts
by corporations whose revenue IS obtained
chiefly from the securities which they own
IN operating mines anu works. For IN
stance, during the first seven months TINS
year. five of these securities holding cor
porations paid dividends to their WIDELY
scattered shareholders amounting 10 A,-
O52 $50. Since their organization these 1lNe
securities holding corporations nave ue-
clared I'm dividends no less than Sli.20Z,-
$50, which Is equivalent to return OF over
30 per cent on the outstanding share-capi-
tai of s241 466. O0O The Amalgamated Cop
per company. which controls the Ana
conda, Boston 81 Montana and other val
liable mines in the Butte district. and has
outstanding Sl53 $500 in stock, paid dlVi-
bends from January to May, this year
amounting to 81 .53S. SIS, nla---ng a grand To-
tai since April 1899. of s55.696 26l. The last
quarterly dividend. payable aug. 81. makes
the annual rate on Amalgamated stock :
per cent on lr 500.
The second largest securities holdlnS
CORPORATION Is the American Shelters Sc
curities company. which is affiliated with
the so-caled "smelter trust. and pays
dividends at the rate of per cent on us
A preferred stock. and per cent on the b
Dreferred The American SHELTERS Secar-
ties dividends so far this year amount 70
81 250. 600. making total or SI.Sl5,Wc on
S47. 5000 issued capitalization since organ
ization in 1899 The Copper Range Con-
solidated company, which shows substan-
tial earnings from shares held in other
mining corporations, has paid DIVIDENDS
this year of 1858. 452. making a total of 81
4s3 729 on SIS, 37S.1o0 issued capitalization
since organization in 1901.
Still another source of l:rge profit to
investors is the stock In metal selling
corporations. like the United. which mar
kets on commission the product of the
Amalgamated Copper company and other
large corporations. The United Metals
Selling company. capitalized at S3.O1O,OO9
I'm 1900 has declared dividends to date of
ss.5O0,000, of which $1,000 has been paid
this year
BY far the largest dividends are being
paid bv the copper mines whose capital
izations vary from 81. 800 900 to $50 900. zoe.
For the seven months this year sixteen
copper mines declared dividends of So.
S6S 30 making a grand total of SOS. AIS. 544
or 3SS per cent on an issued capitalization
of SIS. 42S. 80 since organization. The Cal
umet & Hecla mine. which Is controlled
by few shareholders. has paid dividends
since 1871 amounting to the enormous sum
of Sl06. $50 900 on a S2,J00. 900 capitalization.
So far this year Calumet & Hecla has paid
I'm dividends $1,000 geo, the last quarterly
being at the rate of so per cent per annum
on par. SIS or about 3 per cent on the cur
rent market quotation of 500 per share.
Anaconda OF Montana. owned by the
AmalSamated Copper company, paid Its
stockholders 81. 100000 this year making
grand total of $40. 500. 900 on $50. 000. 900 cap
italiZation since Incorporation in 1895. The
Boston & Montana. another Amalgamated
prodigy. came forward this year with 500
90 in dividends. making a total of ST..
$4,000 on S3.75O.ON capitalization since 1887.
The United Verde mine in Arizona con-
trolled largely by W. A. Clark. paid divi-
tai of 81. $50. 800 on s5Ooo.O00 capitalization
since organization In 1899. The Arizona
Copper company. whose s3.1l5.oo0 In shares
are owned principally in Great Britain,
has declared dividends this year amount
ing to SlOl2.730 making a total of sl2,
15i. 800 since 1854
capitalized at considerably more than the
copper properties. in consequence pay pro-
portionately smaller dividends to their
greater number of stockholders. During
five gold. silver and lead mines announced
dividends OF s5.3SS.S 36, making a total of
sS5.2f7. 1872 on an issued capitalization of
500. $50. 030 since Incorporation. The fore
most dividend payer in this group is the
Homestake, the famous low-grade gold
mine in the Black Hills of South Dakota:
for seven months this year II Welded S764-
400. making total of s16.S44. $50 since or
ganiZation; the present issued capital is
s2i. $40. 600 The Homestake declares month
" dividends at the rate of per cent per
annurn or par 800. or ~ per cent on $50
the current market value. The great
Alaska Treadwell gold mine on Douglas
island. Alaska disbursed In dividends this
year $4,000. making n total of s9435
on s50N0.009 capitalization since organiza-
ton. The Bunker Hill & Sullivan silver
lead mine In the Occur d'Aiene district
Idaho. capitalized at 100000. has de-
clared this year $4,000, making the total
dividends to date SO. 600. The Nevada
mines are making a better showing and
the return Of Tonopah Mining TO the div
idend list In July with s25OOO0. or % cents
per 81 par value share NOW quoted around
$50 brings its total TO S3.650O00 on a cap
italization of si.000.000.
The metallurgical works generally con-
tinue to pay their guaranteed dividends
but have reduced or discontinued pay