The Kendrick gazette. [volume] (Kendrick, Idaho) 1892-1968, 1908-07-10
MINES AND MINING.

passed. through SIX months OF I'M
usual depression, which has resulted
in the cutting down of earnings and
consequently of profit sharing. Con-
sumption and prices for silver, cop
per, lead, zinc and other products of
mine, mill and smelter, since January
have been the lowest for years, but
an improvement is looked for during
the closing months of the year.
Dividend payments for the first six
months of 1908, according to a careful
compilation by the Mining World,
amounted to $21 ,4O2,1S8, reported By
Sc mines and metallurgical works in
the United States. These Sc corpor-
ations have declared to date the enor-
nous total of $470,746,O69 in divi-
dends, showing that they have re-
turned about 118 per cent on their is
sued capitalization of 1898, $3.50 $3.50.
These large dividends, by the way,
do not include the payments by~mines
securities holding corporations like
the Amalgamated Copper company.
From January to June this year, four
of these securities holding concerns,
incorporated within the last nine
years, have declared dividends of 3d.
99S,330, making grand total to date
of 81, 119,99O on the outstanding cap
italization of $241, 266, 900. The Anal
gamated Copper company, which is
the largest of the four corporations,
has paid this year dividends of ST.
538,S79, equivalent to 1 per cent on
it's issued share-capital, being at the
rate of per cent quarterly on 500
par value Of stock Since its incor-
poration, in April, 1899, Amalgamated
shareholders have collected dividends
aggregating total of $55, $3.50, 261, on
capitalization which has been in
creased from $75,0OO,OOO to $155 ,O00..
900, of which $3.50, 1897 900 has been Is
sued SO far.
The American Shelters Securities
company, the second largest corpora
ton of it's class, pays quarterly divi-
dends at the rate of per cent per an
mum on it's $17,000,000 A preferred
stock and per cent on its $50, 900, 900
B preferred stock. For tho first half
this year the total dividends were ST.
100000, bringing the amount since
Organization in 1906 to $7,S15,O0o. This
corporation Is grated limb OH the
"smelter trust" family tree.
Copper dividends have been reduced
alarmingly, owing to the peculiar sit
uation of the metal market, which has
put prices at level that makes pro-
duction Improbable for many mines.
declared by Is mines amounted to ST.
491, 1852, being only about one-Quarter
as large as the total for the CORE
spouding period in 1907. To date these
Is copper mines have paid dividends
og $299, OO6,526 on an issued capital
ization Of $76,525,O 900, indicating a re-
turn of about 800 per cent. No wonder
copper shares are in favor with in
vestors and spectators alike.
Thirty-three gold, silver and lead
mines paid $4,3O9,051 in dividends for
the first half of this year, making a
total of $79,971,891 since their incer-
poration. This shows a return of about
80 per cent on the outstanding capital
ization of $97,621, $50. Most of the div
idends declared by these 33 mines
have been in small amounts at regu-
lar periods.
The six metallurgical works which
reported dividends of $9,548,775 for the
half year, have declared to date the
large total of $9O,752.652 on their is-
sued capitalization of $223,972, $50.
Foremost stands the American Smelt-
ing and Refining company, which de-
clared $4,625,OOO for the first six
months this year, equivalent to 4 per
cent on the $50,OO0,OOO common stock
and 51.4 per cent on the $4,000, 900
preferred. The last quarterly divi-
dends, however, were at the rate of 4
per cent per annum ON the common
stock and Z per cent on the preferred.
Since it's organization, in April, 1899,
the so-called "smelter trust has paid
dividends amounting to the large sum
of $43,206,553 besides sharing sub
StdHIldl prOntS amongst It's employees.
U. S. smeIting's Cut.
The United States Smelling, Rein
ing and Mining company, incorporated
in March, 1906, has mailed to the hold
ers of it's $41,S46,65O outstanding
stock dividends of $5,458 1922, of which
81 ,802,041 were declared in the current
year. The last quarterly dividend on
the ST., 551, 450 common stock was
at the rate of per cent per annum
on par, $50, and that on the $24,295,-
200 preferred stock per cent per an.
mum on par, $50.
In addition to the dividends quoted
above, large profits have been shared
with investors in numerous private
corporations. A source of increasing
revenue to investors is the stock in
metal selling concerns. as for instance,
the United, which is affiliated with the
Amalgamated Copper company, and
which has declared dividends since or
ganization, in January, 1900, the enor.
nous total of $6,50,O00 on a $4,000, 900
capitalization. The dividends paid for