The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-08
DIVIDENDS Of
FIVE MONTHS
F0rty-SeVen Mines and Metal
IurgiCal Works Have Paid
Over $16,000,000.

To pay dividends aggregaJing the large
total of $4,000. 755 in the first five months
this year-a period in which the marker
prices of silver, copper. lead, spelter and
other products have reflected the panic
of last falls an admirable record Tor
forty-seven mines and metaiurslcai
works in the United States.
careful compilation by the Mining
World OF the profits distributed by these
fOrty-seVen corporations since thelr or
ganizatiOn shows that they have paid DIV
blends amounting 10 the fabulous sum OF
$4ll, 5600l4. On the outstanding capitali-
cation of 1864, $50 the dividends de-
clared 10 date show a return OF ia per
cent Surely there can be no better ar
gument in favor of investment in legiti-
mate mining and netallurgical enter
prises.
In addition to the above dividends. four
securities holding corporations, 1nclud-
ing the Amalgamated Copper company.
paid this year S3574,549, making total of
S73, 71e.209 since organization. equivalent
10 a return of over 80 per cent on the out
standing share-capital OF 4l,266 900.
These securities holding corporations are
financially interested in some of the larg-
est copper and gold and silver mines IN
the United States.
Large profits have also been earned by
metal selling agencies One of these, the
United Metals Selling company, which is
affiliated with the Amalgamated Copper
company, paid a dividend this year OF
s625,0OO. making a total of S6,50,00 since
o
itaizatiOn OF S5,OO0,Oe.
Copper Mines Best Payers.
Copper minas are the best paying. the
dividends OF eleven of these for the first
five months this year amounting to So
eS1. 7e2. equivalent TO nearly 10 per cent on
the issued capitalization of SIS, 10000, the
low market quotations for the metal not
withstanding. Since their Incorporation,
these eleven copper properties have sent
n GhaTahnldaFz
the enormous sum OF S26l 494,S04 which is
nearly five times the issued capitalization
First place this year is taken by Ana
COnda of Montana, an AmalgamaTed pro
tege, which has paid a dividend of 81 POO
O00 bringing the total 10 date to SSS, 600 900
on the capitalization of S50000,OO0.
The great Calumet & Hecla mine, cap
italzed at only 81 800, 900 and with divi-
bursed 81 100000 so far this year.
Boston & Montana, another Amalga-
mated protege, declared 100000 in divi-
dends this year, making the total to date
ST.. $4,000 on a capitalization of s., 10000.
The AAlalgamated Copper company,
whose dividends are reported with those
of other securities holding corporations,
makes quarterly payments at the rate of
per cent per annum on its outstanding
Capitalization of Sl53 SS7, 500: TO date the
dividends sum up S55696.26l. of which ST.
538S7S has been paid in the current year.
TWenty-nine gold, silver and lead prop
critics. having outstanding 94 Isl, 200 in
stock. declared dividends of 50, 497 ,S99 for
the five months this year, making a total
of S74. 9l6.S39 since organization.
The Homestake gold mine in the Black
Hills of South Dakota maintains the lead
this year, distributing dividends of S546,-
Coz in five months, which is at the rate Of
90 cents per share per month, or per
cent per annum on the capitalization OF
S21 $40. 00O To date the Homestake, one
of the best paying low grade gold mines
in the world. has mailed its shareholders
dividends aggregating the large total of
SIC, SO. $50
The Bunker Hill & Sullivan silver-lead
mine in the Occur d Alenes in Idaho has
an enViable record, having paid to date no
less than l0,l46,O0Q in dividends on a cap
ital of 50 100000. In five months this year,
the Bunker Hill & Sullivan mine yielded
dividends OF $500 900. equivalent TO i per
cent on the capitalization.
The Alaska TreadWell on Douglas
island. Alaska, capitalized al 5000. COO has
paid s300,O0O in dividends so far this year.
making the total to date S9.2S5,00O. The
Camp Bird mine al Ouray, Colo, IN which
British capital is largely interested. paid
dividends this year OF $780,, 800. and since
organization has distributed A,214904, on
a 81 10000 issue share-capital.
Colorado, Utah. Nevada and few other
states are well represented in the list OF
dividend paying gold, silver and lead
mines. and are expected TO bring forward
many new payers in the not distant fu-
ture.
SHELTERS Have Paio we'll
The metaIlurgical industry has suffered
somewhat from the depression in metal
prices and demand. Five OF these con-
Germs. having an outstanding capital of
S3O7. g72. $50 announced dividends this year
of Sc ia, 094, making the total 10 date $74.-
133. 22l
The American Smelling 8 Refining
eompany. which distributed dividends ag-
gregating a total of $4,000 so far this
year, is paying at the rate Of 4 per cent
Der annum on the common stock and
per cent on tbs preferred, par of both
shares 500 though they can be bought in
the open market at less. Since its forma-
tion in April 1899, the so-called "smelter
trust has declared dividends of s4l 3d.
$50 on a capitalization which has been
Increased TO 500 100000.
The United States Smelling. Refining
& Mining company is paying quarterly
dividends at the rate Of per cent per
annum on its common stock and 7 per
cent on the preferred. both par $50, though
quoted on change at less. incorporated
m March. 1906. the United States Smelling
Sefining & Mining company has paid div
blends to date of S4S77.94 on an issued
Capitalization Of 81. $40 $50.
Great as these profits are. they repre-
sent only a part of the enormous wealth
mat is taken out of our mines and works
nv Intelligent and economic management.
Greater still will be the profits in future.