Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1908-02-28
PROFITS DERIVED FROM MINES
Of ne E.tre U.ltel States

AS had been anticipated, January
dividends n accted the fall in prices and
curtailed demand for silver, copper,
lead and epelter. According to a care
ful compilation by the Mining World
there were only twenty-five mines and
me,sllurgical works in the United
States that paid dividends in January,
the total being a. 79s ,403. Since incor-
poratior, these twenty-five concerns
have distributed the large sum OF $685.
IA, 343 in diviieuds on m issued capita
Gzluoa OF 1851 HOS, $50, showing a re-
turn OF about 60 per cent.
10 addition to the dividends given
above, Two securities holding corpora
tons (the Copper Range Consolidated
and another) eent to their shareholders
Sl23,7Sl in January, making the total to
date 1888 ,0jS, on an Issued share
capital o. sj0,3Is, 100. And Que metals
selling corporations, the United, which
handles the products Of the Amalgam'
Rted Copper company und other large
concerns, disbursed $3.50 coz i'll divi-
dends III January, bringing the total up
to 10000 900 on u capitalization Of So
00o, 0C0.
To be- sure, the copper mines held
the pepnaut for January, Tour Of these
propertie having declared dividends Of
1925, COO. To date til, ir dividends
amount to the enormous total Of ST2,-
6Sl 1872, which s nearly double the
outstanding capitalization OF $50, 500 600.
Anaconda, controlled BY the Amalgam-
ated company, paid IA quarterly dividend
Of $4,000 on the authorized capitalize.
ti~r Of $50, 200, COO, and since incorpora-
ton in 1895 hns distributed $50, 300, OOG
in velvet money.
In january fourteen Golu, silver and
lead mines paid dividends amounting
to 1919 1881, making the total to date
$40 ,703 1907 on nh outstanding capitaliza-
ton OF S5l 10000 showing a yield OF
about 81 per cent The feature in this
group is the Homestake gold mine in
South Dakota, which resumed the pay
ment OF monthly dividends OF so cente
per share, OF slG9, 1000 after a suspen-
zion Of eight months due to an under
ground tire. Since incorporation the
Homestake, the largest low-srade gold
mine in the world, has distributed
dividends amounting to sl6, lSa $50; its
present capitalization is gil $40, 900.
The par value of tie sbnres ia slO1. but
during the recent I'll ancinl disturbances
Il large holder was Obliged to sell at rs
low rs ESQ; on January 80 the quotations
were firm at so to 5I2, without selling
orders.
Only n quick silver mine, in Cali
%fOrnia, paid a dividend id january; the
amount was 100000 quarterly on $780,
0CO capitalization. making the total yield
20 date $3.50 900, or l9G per cent. The
shares in this miGe are closely held in
Boston.
Three n%etallurgicnl works paid divi-
dends Of s2,T3},S72 in January, bring.
ing the total up tn SlS,379.2l4 on an
issued capitnliz ,tion OF sl62, 500, $50,
showing II return Of about 30 per cent
The American Sme.t ug and Refining
company continues to take the lead,
having paid Sl,S75,0O1 in dividends in
January. being equivalent to s per cent
per aDnun on the common sto1k and 7
per cent on the preferred. Since its
incorporation, in April, 1899, the smell
ter trust has declared dividends OF si0,.
4Gj.553 on n capitalization which has
been increased from sol $4,000 to
800 COO 600, half III common stock and
half IN preferred.