The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-08-11
MARKETS MINING, AND METALS

corporations paid dividends amount
ing to $4,052,330. Since their Or
ganization these five securities hold
ing corporations have declared in div
idends no less than s74,202,6S9.
which is equivalent TO a return of
over 80 per cent on the outstanding
share capital of s241 10000. The
Amalgamated Copper Co., which con-
trolls the Anaconda. Boston & Mon
tana and other valuable mines in the
Butte district. and has outstanding
$153,S77, 900 in stock, paid dividends
from January to MAJ this year
amounting to s153S,S7S, making a
grand total since April 1899, of $780,
696.261. The last quarterly divi-
dend, payable August 81. makes the
annual rate on Amalgamated stock
per cent on par 500. The second
largest securities holding corpora
ton is the American Shelters Securi-
ties Co., which is affiliated with the
so-called "smelter trust and pays
dividends at the rate of per cent on
its A preferred stock and per cent
on the b preferred. The American
Shelters Securities dividends so far
this year amount to s1,260, 600, max
ing a total of s7,S15,000 on s47,-
100000 issued capitalization since
organization in 1899. The Copper
Range Consolidated Co. which shows
substantial earnings from shares held
in other mining corporations. has
paid dividends this year of $959,452,
making a total of s7,4S3, 1923 on $685.
37S,100 issued capitalization since
organization in 1901.
Still another source of large profit
to investors is the stock in metal sell
ing corporations, like the United,
which markets on commissions the
product of the Amalgamated Copper
Co. and other large corporations. The
United Metals Selling Co., capitalized
at $5,OOO,000 in 1900, has declared
dividends of $6,500,000. OF which
$4,000 has been paid this year. BY
far the largest dividends are being
paid by the copper mines, whose cap
italizations vary from $1,500,000 to
$4,000, 900. For the seven months
this year 16 copper mines declared
dividends of $9,S6S,730. making
grand total of $30S, 41S,544, or 3SS
per cent on an issued capitalization of
9,42S,750 since organization. The
Calumet & Hecla mine, which is com
trolled by few shareholders, has paid
dividends since 1871 amounting to
the enormous sum of $106.S50, 1000
on a $2,500,000 capitalization. So
far this year Calumet & Hecla has
paid in dividends 100000, the
last quarterly being at the rate OF
so per cent per annum on par, $25.
or about 8 per cent on the current
market quotation of $3.50 per share.
Anaconda of Montana, owned by the
Amalgamated Copper Co., paid its
stock holders 81, 100000 this year,
making a grand total of $40,500,O00
on $30,000,000 capitalization since
incorporation in 1895. The Boston
& Montana, another Ama1gamated
prodigy, came forward this year with
100000 in dividends, making total
of $57, 900 on .s3,750,000 CAPT
talization since 1887, The United
Verde mine in Arizona, controlled
largely by w. A. Clark, paid divi-
dends this year of $1,575, 900, max
ing total of s25,s70,322 on So
100000 capitalization since organiza-
ton in 1899. The Arizona Copper
Co., whose $3,775,000 in shares are
owned principally in Great Britain,
has declared dividends this year
amounting to s1,010,730, making a
total of $12,154,922 since 1884
The gold, silver and lead mines,
though capitalized at considerably
more than the copper properties, in
consequence pay proportionately
smaller dividends to their greater
number of stock holders. During the
first seven months this year 50 gold
silver and lead mines announced divi-
dends of $5,3SS, S36, making total
of $S5,241,132 on an issued capital
ization of $99.930,O30 since incorpo-
ration. The foremost 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 it yielded
S704.500, making a total of $16,-
S44,750 since organization; the pres
ent issued capital is s21, 1000.
The Homestake declares monthly div
idends at the rate of 6 per cent per
annum on par 500, or 81 Il on $50,
the current market value. The great
Alaska-Treadwel gold mine, on
Douglas island, Alaska, disbursed in
dividends this year s450,000, making
total of s9,435. 900 on s5,000,000
capitalization since organization.
The Bunker Hill & Sullivan silver
lead mine, in the Occur d'Alene dis
trict, Idaho, capitalized at $1,000
600, has declared this year $51 1000,
making the total dividends TO date
S10.296,000. The Nevada mines are
making a better showing, and the re-
turn of Tonopah Mining to the dvi-
dend list in July with $3.50. 900, or rs
cents per 81 par value share (now
quoted around $50 brings its total
to $3,650.000 on capitalization of
ST 100000.
The metallurgical works generally
continue to pay their guaranteed divi-
dends but have reduced or discontin-
ued payments on other stocks, as a
result of the unsettled condition of
the metal market. Six of these cor
porations from January to July this
year declared dividends of $685.