Daily independent. [volume] (Elko, Nev.) 188?-1915, 1908-02-26
PROFITS DERIVED FROM MINES
OF The Entire United States

AS had been anticipated, January
dividends reflected the fall in pr. ces and
curtailed demand for silver, copper,
lead and spelter. According to care
full compilation by the Mining World
there were only twenty-five ZONES and
metallurgiCal works in the United
States that paid dividends in January =,
the total being 81, 799 ,403. Since incor-
poratiop, these tweniy-two- concerns
have distributed the large sum Of S163,-
744 ,343 in dividends on an issued capita
izarion of S254 ,408, $50, showing a re-
turn Of about 65 per cent.
In addition to the dividends given
above, two securities holding corpora
tlons (the Copper Range Consolidated
and another) sent to their shareholders
S423,78l i'll January, making the total to
date s9,853,058, on an issued share
capital Of S40,378, 100. And one metals
selling corporation, the United, which
handles the products of the A malgam.
ated Copper company and other large
concerns, disbursed S375.O00 in divi-
dende iu January, brinRing the total up
to S6,OOO,OU on capitalization Of 3d.
100000.
To be- sure, the copper mines held
the pennant for January, four Of these
properties having declared dividends of
$i,225,0 1000. To date their dividends
amount to the enormous total of S72,-
Sl,322, which Ii nearly double the
outstanding capitalization Of s39, 500, 900.
Anaconda, controlled by the AmaIgam-
ated company, paid quarterly dividend
OF 100000 OIL the authorized capitaliza
uCr OF $50 ,OOO,0 600, and since incorpora-
ton in 1895 has distributed $50 300 DOC
In velvet money.
In January fourteen gold, silver and
lead mines paid dividends amounting
to sSl9,53l, making the total to date
S42,W3,8O7 on an outst anding capitaliza-
zion OF S51,9O6,2O0 showing a yield of
about 62 per cent. The feature in this
group ls the Homestake gold mine in
South Dakota, which resumed the nav.
ment OF monthly dividends OF so cents
per share, or $1O9, 1000 after O suspen-
sion OF eight months due to an UNDER
ground fire. Since incorporation the
Homestake, the largest low-grade gold
mime IN the world, has distributed
oVldends amounting to GIG, lSO, $50; it's
present capitalization is Sll,84O. ZOO.
Ihe par value Of ite shares is S1O0, but
during the recent financial dist urtapees
a large holder was obliged to sell at "a
low as eco; on January 90 the quotations
were firm at $40 to s72, without selling
orders.
Only one quicksilver mine, in Cali
rornia, paid dividend in January: the
amount was 5000, 900 quarterly on $500
ooO capitalization, making the total Weld
70 date 100000, or 1916 per cent. The
shares in this niue are closely held in
Boston.
Three metallurgical works paid divi-
dends OF s2,733,872 in January, bring.
ing the total up tn SIS,379214 on nm
issued capitalization of slG2 500 ,o5O.
ehowinR return Of about 20 per cent.
Ibe American Smelling and Rofinuo
company continues to take tho lend.
having paid s1,875,OO0 in dividends in
January. being equivalent to 8 per cent
per annum on the common stock and 7
per cent on the preferred. Since its
incorporation, in April, 1899, the smell
ter trust has declared dividends OF $40,
1858 on o capitalization which has
been increased from S54, 500, 900 to
800, ZOO, 600, half in common stock and
half In preferred.