Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1908-07-11


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 careful
compilation by the Mining World,
amounted to s21, 4O2,1SS, reported By
Sc mines and metallurgical works in
the United States. These Sc corpor
atoms have declared to date the enor-
nous total of $470,746,069 in divi-
dends, showing that they have re-
turned about 11S per cent on their is
sued capitalization of 1898, $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 49,
99S, $3.50, making grand total to date
of $74,119,9e on the outstanding cap
italization of $241, 900. The Anal
gamated Copper company, which is
the largest of the four corporations,
has paid this year dividends Of ST.
53S,S79, equivalent to l per cent on
it's issued share-capital, being at the
rate of per cent quarterly on 500
par value of stock. Since it's incor-
poration, in April, 1899, Amalgamated
shareholders have collected dividends
aggregating a total of sos, 696,261, on
a capitalization which has been in
creased from $75,OOO,000 to $155. O00.-
600, of which $153, 1877 800 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 6 per cent per an
mum on its $17,000,000 A preferred
stock and per cent ON it's $50, 000. oOC
B preferred stock. For the first hall
this year the total dividends we're 81,
100000, bringing the amount since
Organization in 1905 to 1000. 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
For the last six months the dividends
declared by Is mines amounted to 81,
491, 762, being only about one-quartel
as large as the total for the CORE
! spouding period in 1907. To date these
Is copper mines have paid dividends
og S299,006,526 on an issued capital
ization of 76,525.OOO, indicating a re
turn of about 800 per cent. No wondel
copper shares are in favor with in
vestors and spectators alike.
Thrty-three gold, silver and Lead
mines paid s4,309,051 in dividends To-
the first half of this year, making ;
total of 1891, 1871 since their incor
poration. This shows a return of abou
so per cent ON the outstanding capital
ization of $97, 1921 $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 s9,54S,775 for tn,
half year, have declared to date th'
large total of s9O,752,652 on their is
sued capitalization of 1928, 972, $3.50
Foremost stands the American Smelt
7 ing and Refining company, which de
clared $4,625000 for the first ST,
months this year, equivalent to 4 pc
cent on the $5O,000,0OO common stool
. and 51.4 per cent on the 100000 0'
! preferred. The last quarterly divi
dends, however, were at the rate of
| per cent per annum on the common
. stock and Z per cent on the preferred
. Since its organization, in April, 1898
r the so-called "smelter trust" has pai'
dividends amounting to the large sun
of $43,2O6,553, besides sharing sub
stantial profits amongst its employees
U. S. SmeItlng's Cut.
The United States Smelling, Rein
ing and Mining company, incorporate
. in March, 1906, has mailed to the hold
ers of its $41,S46,650 outstandin
stock dividends of s5,45S,622, of whic
> 81 ,SO2,0 41 were declared in the curren
year. The last quarterly dividend o.
= the s17,551, 450 common stock wa
! at the rate Of per cent per annur
= ON par, $50, and that on the s24,295
200 preferred stock per cent per al
b. mum on par, $50.
In addition to the dividends quote
4 above, large profits have been share
/ with investors in numerous privat
corporations. A source of increasin
! revenue to investors is the stock 1
metal selling concerns, as for instanc,
-. - l.. ofl foI xxtttA . y.