Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1908-05-23
GREAT NINE PROFITS
IN -FOUR MONTHS

During the first four months this
year forty-ive metal mines ami
works in the United States paid divi.
dends Of $13,665,471. Compared
with the corresponding period last
year there is shown a marked falling
off in profits, due to low market
prices, in the face of a curtailed de-
mand for silver, copper, lead and
zine.
According to a compilation by the
Mining World, the forty-fve proper
ties cited have declared in dividends
since their Incorporation the grand
total of $4~29,1S4,257 This shows
a return of nearly 1870 per cent on
the outstanding capitalization of
S3~34,655,050. In addition to the
dividends reported by metal mines
and works, four securities holding
corporations declared $2,115,110 for
the four months this year making a
grand total to date of $72,276,770
on an issued capitalization of SEAL
100000. /
The bulk of these dividends has
been earned in the last eight or ten
years. The Amalgamated Copper
Company alone has mailed holders of
its $153.SS7, 800 outstanding capital
ization dividends of $54,926,S2 to
date. Amalgamated's last quarterly
dividend was at the ate of 2 PEI
cent a year on par Of 500 or 8 1-9
per cent on a market value of $50 a
share.
The American Shelters Securities
Company, which is affiliated with the
American Smelling and Refining
Company, has paid dividends of ST.
$4,000 in three years on its issued
capital of S47, 900, 900. The A pre-
ferred stock of the American Smell
tiers Securities Company Yields G per
cent per annum on par Of 500, and
the B preferred 5 per cent annually.
Copper Range Consolidated, which is
largely interested in lake copper
mines, has paid dividends of S7,099,-
94S in seven years on an issued capt.
talization of $3S,37S,100. The last
quarterly dividend of the Copper
Range Consolidated was at the rate
of G per cent a "a IN par, 500.
There we're also paid during the
first four months of 1903 by one
metals selling company, which mar
kets the products Of the Amalgamat-
ed Copper Company and others, divi-
dends of s625, 900, since organization
the dividends amounted to $6,250,-
900 on the capitalization of 81 $780,
600.
T~wenty-seven gold, silver and lead
properties have paid dividends of
$~2,S79.999 between January and
April this year. Since their incor-
poration these mines have declared
a total of s72,O7O.139, equivalent to
about liz per cent on the outstand-
ing capitalization of S64,407, 200.
The Homestake gold mine in the
Black Hills of South Dakota takes
the lead, having paid so far this year
$4,000, which is equivalent to Sc
o share a year. Since incorporation
this low grade gold mine has divided
profits of $~16,517,15O, and has in
creased its capitalization to 2 1.S40,-
900. The Bunker Hin and Sullivan
silycr-lead mine in the Occur
d'Alenes paid $2S5,00O in dividends
this year. making a grand total OF
$l0,07i,000 since organization, on g
capital of $4,000, 900.
Twelve copper mines have paid sc
far this veal dividends of $4,931,
762, making the enormous total oil
$2S3.O40,276 since INCORPORATION OF
an issued capitalization of $61,775,.
600. The largest dividend payer to
day is Anaconda of Montana, which
for four months this year has do
clared $1,000. 900, making a grand
total of sSS, 800. 900 on a capitaliza.
ton of $50. 900. 900.
The famous Calumet and Hecla
mine In Michigan declared a quar-.
terly dividend of $780, 900 this year.
making the surprisingly large tota'
to date of $1O6,35O,O00 on a $4,000
900 capitalization. The United Verde
mine In Arizona. capitalized at 49,.
OOO, 600. pays monthly dividends al
the ate OF 50 per $40 par value
share, aud has declared to date $24,
745.32s.
!. Only one quicksilver mine pays
dividends; it is situated in Califor
MIA. The amount paid SO far thi'
, year Is $4,000, making a total o.
- - = MAJ - -.