Bisbee daily review., 1908-03-22
HARD CASH IN
DIVIDE
STILL TALKS
Although Some Reduction Is
Made in Rate, the Millions in
Payments Prove Solidity,
and Give Courage.

ing gold in Nevada and elsewhere by
reason of labor troubles and other
causes, do not bespeak confidence in
the dividend paying power of the
mines and metallurgical works. And
yet, Notwithstanding these adverse
factors. no less than 80 American
mines and metallurgical works, ac-
cording TO a careful compilation by
The Mining World, paid dividends
amounting to the large total of &c.
742, 491 for the first two months of the
current year.
These SO concerns have declared
in dividends to date the enormous
sum Of s253, 174, 20S on an issued cap
italization of 1902, 041 $50, showing a
return of nearly "a per cent. 1t
should be stated that this record does
not include the profits divided by the
Amalgamated, Copper Range Consoli-
dated and one other mines securi-
ties holding corporation. which for
the two months this year amounted
20 81, 233, 220, making the total to
date S64, S19, $50 on the outstanding
share-capital of $194 ,266, 900, a return
of about SO per cent. in less than 10
years. In addition, there has been
paid by one metal selling company
the United-which handles the prod
uct of the Amalgamated Copper com
pany and ether large interests, $375.-
900 in dividends this year, making a
total Of $4,000, 900 since Incorporation
in January, 1900, on the s5,O00.00O
capitalization
OF the 2e mines that paid s3,S74,-
$50 in dividends for the first two
! 1t
properties which contributed $2,332,-
| 162. These copper mines have paid
to date the large total Of $142, 1885,
926, showing a return of nearly three
times the issued capitalization of
selling at IL or 10 cents per pound,
many of these mines should be able
to pay dividends, provided OF course,
there is a corresponding increase in
consumption of the metal and the
mines are not like some of the re
cent flotations) obliged to meet the
or per cent interest on their
bond issues. The largest dividend de
iclare db va copper mine so far this
year is 100000 by Anaconda OF
Montana; this is 100000 less than
was paid four months previously, be
| fore the decentralization in copper
| prices agitated the trade. Since its
/ organization in 1895, Anaconda has
paid dividends of s39,300,000 on q
! capitalization Of $4,000, 900. Boston
| e Montana. another Amalgamated
feeder, paid quarterly dividend &
/ $3.50. 600 on February "A, which Is
sone-half the amount sent to share
holders last November. During the
Epast 20 years the Boston & Montana
mine has yielded dividends OF s5t
AIS. GOO, which is more than is times
the Capitalization of SS,750,0O0. The
! Arizona Copper company, owned in
| Great Britain. paid dividends q
/ s547, 1862 so far this year, making tht
i total to date s11 $50 ,354 on the So,
as, 600 capitalization. United Verde
ex-senator Clark's mine in Arizona
paid q dividend in January of s225,
000 making the grand total since
organization, $24,520,322, which il
lover eight times the capitalization o
| S3.00e ,00e.
/ Twenty-one gold, silver and LEAF
mines declared dividends of SLOPE
76S Ter the two months this year
: making the total to date SCI, 1889
on the issued share capital of s77
607, 200. showing a return OF nearl.
70 per cent. Most of these dividendi
have been paid by so-called low
grade mines, which have been com
PEELED to adopt the most economical
7 mining and ore treatment processes
t The great Alaska Treadwell gel
, mine which obtains only about s2.l
, per ton from ore milled is still abb
: to pay large dividends on its $4,000
/ coo Capitalization: so far this yea
! 1.-The declaration has been $4,000
: Quarterly, equivalent to IL pc
! cent per annum. and making the t.
tai to date S9,135.0e0 or 1921 pc
cent The Bunker Hill & Sulliva
. Isilver-lead mine IN the Occur Allen
: | district Idaho. has a unique recort
being one OF the few regular mont
liz payers; its dividends so far tn
wear amounted to $4,000. maxim
the grand total to date s9,936,OOo Q
! the $4,000, 900 capitalization IN
Homestal1e gold mine in the Biac
I HIS. 8. D., is paying monthly al
( fdend of so GEMS per share (lO'
! 200) and has declared to date 81
3 POS, $50 1.-THE present capitalizatic
I being s21,S40.0 00). Recent deyelo
ments in the economic treatment
> the shines at the Hcmestake sugges
= a new lease of life for the mine
3 a dividend payer. The Camp Bird go
= mine in Colorado, partly owned
2 Great Britain, continues tc pay go!
= dividends; so far this year Il
:. amount is sI96. 800, making the tot
= 10 date s4,01S, 104 on T. taadil
= Capitalization of $4,000.
- An encouraging feature Is the pa
= ment of s22o,5OO in dividends for t'
- months this year by four of the sma
e er geld and silver mines in the ne
- or districts Of Nevada Since tn
= INCORPORATION these mines have
- bclared dividends of 81, 136,59O on
= issued Capitalization OF $4,16O.0
= When the Goldfieid Consolidate
= Tonopah Mining and one or {
q az the other large properties resul
: dividend payments In the near futu
- Nevada will again challenge the o
( o. states There is also 'possil
Z OF increased wealth coming from
new district of Rawhide in Esm
! aida county, New, where, howey
! future success win depend, II is
! lieved IN the economical milling
I the vast quantities. of ore which
I not rich enough to send to
Z smeiters
-Four metallurgical works, havi
an outstanding capitalization Of sii
400 $50 paId 1885,, SCI in divider
I SO far this wear, making the total
! date $4S, 44S ,692, which is good T
, ord considering that these corpo
I lions have been In existence
than 10 years. The american sm'