Camas Prairie chronicle. [volume] (Cottonwood, Idaho) 1901-1917, 1908-07-10
MINES AND MINING.

-
tries in the United States have just
passed through six months OF un-
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 $21,402,1SS, reported By
Sc mines and metallurgical works in
the United States. These Sc corpor-
atoms have declared to date the enor-
nous total of $47O,746,O69 In diVi-
dends, showing that they have re-
turned about 118 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
J wears. have declared dividends OF 49,
: 99S, $50. making a grand total to date
of $74,119,9 800 on the outstanding cap
! Eitalization of $241 1865, 600. The Anal
l gamated Copper company, Whicn ls
t the largest of the four corporations
has paid this year dividends OF 81
3 1919, equivalent to 1 per cent on
!, its issued share-capital, being at the
/ rate of per cent quarterly on 500
/ par value of stock. Since its incor-
a poration, in April, 1899, Amalgamated
e shareholders have collected dividends
y aggregating a total of $55,696,261, on
a capitalization which has been In
creased from $75,0O0,00O to $155,OOO.-
II 900, of which $153, 1897, 900 has been is
), sued so far.
4 The American Shelters Securities
D. company, the second largest corpora
q ton of it's class, pays quarterly divt-
Ia dends at the rate OF per cent per an
b. mum on it's $17,0O0,000 A preferred
let stock and per cent on its 100000
re B preferred stock. For the first half
this year the total dividends were ST.
er 200, 900, bringing the amount since
ir organization in 1905 to $7,815,0O0. This
r. corporation is a grated limb on the
O. "smelter trust" family tree.
m Copper dividends have been reduced
H. alarmingly, owing to the peculiar sit
IA uation of the metal market, which has
OF put prices at level that makes pro-
70 duetion Improbable for many mines.
ed For the last six months the dividends
ng declared by Is mines amounted to ST.
491, 1852, being only about one-quarter
er- as large as the total for the CORE
lie spouding period in 1907. To date these
IN, Is copper mines have paid dividends
In og $299, OO6, 526 on an issued capital
ization of $76,525,000, indicating a re-
turn of about 800 per cent. No wonder
ne copper shares are in favor with in
vestors and spectators alike.
on Thirty-three gold, silver and leaC
on mines paid $4,3O9,O51 in dividends TO!
gn the first half of this year, making {
no total of $79,971,S91 since their incor
ess poration. This shows a return of abou
IN so per cent on the outstanding capital
'rt- ization of $97, 621 $50. Most of the div
the idends declared by these SO mine
LOT have been in small amounts at Tegu
lar periods.
The six metallurgical works whicl
reported dividends of S9,548,775 for tn
half year, have declared to date tn
cad large total of $9O,752,652 on their is
Wer sued capitalization of 223,972 ,85l
the Foremost stands the American Smell
on, ing and Refining company, which de-
ties clared $4,625,OOO for the first 81
ON months this year, equivalent to pc
DON cent on the $5O,O0O,000 common stoc
ON and 51.4 per cent on the $4,000, 90
liar preferred. The last quarterly div
dends, however, were at the rate of
rec per cent per annum on the commo
109- stock and per cent on the preferre,
rty, Since it's organization, in April, 1879
lho, the so-called "smelteT trust" has pal
yer. dividends amounting to the large SUI
foot Of $43,206,553, besides sharing su
100 stantial profits amongst it's employe
U. s. smeItlng's Cut.
The United States Smelling, Ref
u ing and Mining company, incorporate
IN. ene in March, 1906, has mailed to the hol
lne' ers of it's $41,S46,65O outstandir
stock dividends of $5,45S,622. of whiC
= 81, ,O41 were declared in the curre
q. year. The last quarterly dividend {
loo' the $17,551, 45O common stock WI
lo =, at the rate of per cent per annu
i VI on par, $50, and that on the $24,29
200 preferred stock Z per cent per a
81 mum on par, $50.
In addition to the dividends quot
' above, large profits have been shar
80 with investors in numerous priva
iIeo corporations. A source of increasll
pPe- revenue to investors is the stock
metal selling concerns, as for instanC
80 the United, which is affiliated with t
Amalgamated Copper company, a
which has declared dividends since
.ne ganization, in January, 1900, the EN-
nous total of $6,50,0OO on a 5000, o
capitalization. The dividends paid I
the first half Of the current We
,n n"S amounted to $4,000, or TN =
cent.-Butte Mining World.
anu To XIII Squirrels.