Elk City mining news. (Elk City, Idaho) 1903-1913, 1908-04-18
Income From Mines.

The Mining World says:
For Al mines and metallurgical
works in the United States to pay
dividends aggregatlng the total of SILL
633,196 for the first quarter of the
current year is pretty good indica-
lion of the profits that are being made
Notwithstanding the lower market
prices of silver, copper. lead and zinc
These Al mines and metallurgical |
works, according to a careful compila |
ton by the Mining World, have paid |
in dividends since their organization
the grand total of $417, 964,321 on an
issued capitalization of 1856, 759,4 50.
Large as the dividends mentioned
above may seem they do not include |
the disbursements by the Amalgamat-
ed Copper company and other securi-
ties holding corporations. From jan
uary to March this year four securities
holding corporations, having an out
standing capital of $241 100000, de-
clared dividends of $2,247, 001, making
the total since their organization $72,
398,661
Another source of large revenue
|
on commission. One metals selling
corporation which is Identified with
the Amalgaamted aud other large ir
terests by reason CT the ioct that 1t
markets their copI er declared divi-
dend of 1915 900 Ills wear. making tie
total to date 100000 on $4,000, 900
capitalization.
OF the SO metal mines that paid divi-
dends in the first quarter this year,
nine produced copper, and these re-
port a distribution OF 1892 1872. Since
their incorporation these mne copper
mines have yielded dividends amount
ing to the large totai of 272,030.676 on
an outstanding capitalization of only
S51, 275,000. Cal met and Heels,
which, on it's $2,500.000 has declared
dividends to date of $106, 100000, cut
It's quarterly payment in 1908 in ha'f
Ito 100000, or S. per sharel, because
the copper market is in unsettled con
dition. Nearly all the other copper
mines reduced their regular dividends
temporarily.
Twenty-six gold, silver and lead
mines have declared dividends of ST.
223, 16S so far this year, making their
grand total since incorporation $685.
41S,336 on an issued capitalization OF
$91 ,202,200. The largest individual
payer was the Homestake gold mine
f IN the Black Hills of South Dakota
+ it declared three monthly dividends tc
the aggregate total of 1927 500, bring
ing it's record to $16,407 $50 on CAPT
: talization that has gradually been in
creased to 21,S40,000. The Bunker
, Hill and Sullivan silver-lead mine, il
' the Occur dAlene district, Idaho, also
/ regular monthly dividend payer, has
l. been obliged to reduce it's rate, so tina
t for the first three months this year the
2 amount totaled only $4,000. To dat'
e the Bunker Hill and Sullivan mine ha'
e yielded dividends of $9,996,000 on ;
t 100000 capitalization-an excellen
t showing. Five gold and silver mine
e in the newer districts of Nevada CAM
: forward this year with dividends o
$780, 500, making the total since capi
t. talization of $4,005,000. The labo
e troubles at Goldfield have also beel
S responsible for the interruption o
dividends in that quarter.
Only one quicksilver mine in Cal
fornia has declared dividend thi
5, year, amounting to $4,000, maxim
5, a total to date of s1,010,000 on $500
d 900 capitalization.
< The work of placing the wires fror
d the Wardner substation of the powe
.e company to the Caledonia mine, sit'
L. ated just across the ridge from Ware
al ner, is finished, and the work of IL
stalling the electric hoist will be begu
within few days.
The Cranky shipments constitut
s. the entire Boundary (B. CO output fc
lie last week The shipments amount
g. 24,6S7 tons.
n The Federal sampler at Wallace ha
tn resumed operations after having bee
of closed since about the first of tn
is year. Between 20 and % men wei
lie given employment. Several cars OF OF
were shipped down from the mills.
British Columbia Mines.