Troy weekly news. (Troy, Idaho) 1897-1933, 1908-04-10
Income From Mines.
lining World says:

The Mining World says:
For Al mines and metallurgical
works in the United States to pay
dividends aggregatlng the total of SILL
633,19 for the first quarter of the
current year is "a 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 $356,759,45
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,.
3SS,661.
Another source of large revenue
from mines is the sale of the products
on commission. One metals selling
corporation which is identified with
the Amalgaamted and other large in
terests by reason CT the fact that il
markets their cop er declared divi
dend of $685. 900 this year. making tie
total to date $6,00O000 on a $4,000 ,00C
capitalization.
OF the SO metal mines that paid div
dends in the first quarter this year
nine produced copper, and these re
port a distribution OF $3,622 1862. Since
their incorporation these nine copper
mines have yielded dividends amount
ing to the large total of $272,030,676 OF
an outstanding capitalization of only
$51, 5000 Cal met and Heels
which, on its $2,5O0,O00 has declared
dividends to date of $106, 100000, Gu
It's quarterly payment in 1908 in ha.
Ito 100000, or S. per sharel, because
the copper market is in unsettled con
dition. Nearly all the other cope
mines reduced their regular dividend
temporarily.
| | WGuly -SlA SOlus ollNCi anu ASo
mines have declared dividends of 81
. 223,16S so far this year. making thei
grand total since incorporation 500
41S,336 on an issued capitalization G
$91, 202,200. The largest individus
payer was the Homestake gold mine
In the Black Hills of South Dakota
= it declared three monthly dividends
the aggregate total of 1927 800, brinl
ing it's record to Sic, 407, $50 on a cap
talization that has gradually been il
a creased to $21 $4,000 The Bunkt
t Hill and Sullivan silver-lead mine,
e the Occur d'Alene district, Idaho, ais
a regular monthly dividend payer, he
/ been obliged to reduce its rate, so tn;
for the first three months this year II
q amount totaled only 100000. To da
O the Bunker Hill and Sullivan mine hi
yielded dividends of $9,996,000 on
I. So, 100000 capitalization-an excellel
a. showing. Five gold and silver mine
in the newer districts of Nevada can
y. forward this year with dividends
# 1850, 500, making the total since cal
10 talization of $4,O05,000. The lab
troubles at Goldfield have also BET
a responsible for the interruption
n dividends in that quarter.
At Only one quicksilver mine in Ca
70 fornia has declared a dividend tn
>. year, amounting to $4,000, makil
total to date of $1,010,000 on $50
600 capitalization.
The work of placing the wires fro
the Wardner substation of the pow
~ company to the Caledonia mine, sit
u ated just across the ridge from Wal
of ner, is finished, and the work of
rs stalling the electric hoist will be beg
'e within few days.
ID The CRANKY shipments constitu
OF the entire Boundary (B. c. output
De last week. The shipments amount
al 24,6S7 tons.
Ut The Federal sampler at Wallace b
resumed operations after having be
closed since about the first of t
year. Between 20 and % men we
to given employment. Several cars of
he were shipped down from the mills.
&c British Columbia Mines.