The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-04-06
BIG DIVIDENDS
Of METAL MINES
Forty-0ne Corporations Pay
Out Nearly $12,0O0,000
in Three Months.

For forty-one mines and metallurgi-
cal works in the United States to pay
dividends aggregating the total of ST.
633,1s6 for the first quarter of the cur
rent year is a pretty good indication
of the profits that are being made, not
withstanding the lower market prices
of silver, copper, lead and zinc. These
forty-one mines and metallurgical
works, according to careful compila-
ton by the Mining World of Chicago,
have paid in dividends since their or
ganization the grand total of SAT-, 1884,
S21 on an issued capitalization of $685.
759, 45O.
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 s241 ,26s. 900, declared
dividends Of s2,247.0 making the total
since their organization s72.3SS,6 SCI.
Metal Selling Profits.
Another source of large revenue from
mines is the sale of the products on
commission. One metals selling corpo-
ration which is identified with the
Amalgamated and other large interests
by reason Of the fact that it markets
their copper, declared a dividend of
sS75,0OO this year, making the total to
date 100000 on a $1,000, 900 capitali-
cation.
OF the thirty-siX metal mines that
paid dividends in the first quarter this
year, nine produced copper, and these
report a distribution of s., 1922, 162. Since
their Incorporation these nine copper
mines have yielded dividends amount
ing 10 the large total of S272, $780, SIC on
an outstanding capitalization of only
SOL, $4,000. Calumet & HecIa, which on
Its S2,500,0 900 has declared dividends to
date of $106. $3.50. 900, cut its quarterly
payment in 1908 in half Ito $500, 600, or
s. per share), because the copper mar
ket is in unsettled condition Nearly all
the other copper mines reduced their
regular dividends temporarily.
Gold, Silver and Lead Mines.
Twenty-six gold. silver and lead
mines have declared dividends of 81
22S,l6S so far this year, making their
grand total since INCORPORATION $50. AS
SS6 on an issued capitalization of $751;
100000. The largest individual payer
was the Homestake gold mine in the
Black Hills of South Dakota: il de-
clared three monthly dividends to the
aggregate total of $327, 500, bringing its
record to SIG, 407 $50 on a capitalization
that has gradually been increased TO
$21. $40 900.
The Bunker Hill & Sullivan silver
lead mine in the Occur d'Alenes dis
trict of Idaho, also regular monthly
dividend payer, has been obliged to re-
duce its rate, so that for the first
three months this year the amount to-
tailed only 100000. To date the Bunker
Hill & Sullivan mine has yielded divi-
bends of $4,000, 900 on a $4,000 600 capi-
talizatiOn-an excellent showing. Five
gold and silver mines in the newer dis
tricts of Nevada came forward this
year with dividends of $3.50, 500. max
ing the total since their organization
sl,310,950 on an issued capitalization of
S4,005,000. The labor troubles at Cold
field have also been responsible for the
interruption of dividends i'm that quar-
ter.
Smelling Company Profits.
Only one quicksilver mine in Califor-
mia has declared a dividend this year
amounting to $4,000. making a total
to date of $l,01O,OO0 on a 100000 capital
iZatiOn.
Five metallurgical works are credit
ed with dividends this year amounting
to $685. 66, making their total since
organization SIS, sos, 1909 on the outstand-
ing share-capital of s213,7S2, $50. To be
sure, the American Smelling & Refin-
ing company takes the lead in this
group, having declared this year So
250,000 (at the rate of per cent on
the common stock and 314 per cent on
the preferred, making the total to date
s41,831 ,552. The present outstanding