The Kendrick gazette. [volume] (Kendrick, Idaho) 1892-1968, 1908-04-10
Income From Mines.

Income From Mines. =
The Mining World says:
For Al mines and metallurgical
works in the United States to pay
dividends aggregating the total of SILL
633,196 for the first quarter of the
current year is h 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 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 $358,759,45O.
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, 266,0OO, de-
clared dividends of $2,247,0 01, making
the total since their organization $72,
3S8,661.
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 ami other large IL
terests by reason CT the TACT that it
markets their cop; er declared a divi-
dend of 1915 900 this wear. making tie
| tnto oil 70 lot
capitalization.
| Of the sc metal mines that paid divi-
dends in the first quarter this year,
nine produced copper. and these re-
port distribution Of $3,622 1862. Since
their Incorporation these n,ne copper
mines have yielded dividends amount
ing to the large total of $272,030676 on
an outstanding capitalization of only
$51, 275, 900. Cal met and Heels,
Which, on it's $2,5OO.OOO has declared
dividends to date of $106,S50,000, cut
It's quarterly payment in 1903 in ha,t
Ito $500,000, 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 So,
c23,168 so far this year, making their
grand total since incorporation 500,
41S,336 on an issued capitalization OF
$91, 202,2G0. The largest individual
payer was the Homestake gold mine
in the Black Hills of South Dakota
it declared three monthly dividends to
the aggregate total of $327,600, bring
ing it's record to $16,407, $50 on a CAPT
talization that has gradually been in
creased to $21 ,840,000. The Bunker
Hill and Sullivan silver-lead mine, in
the Occur d'Alene district, Idaho, also
a regular monthly dividend payer, has
been obliged to reduce it's rate, so that
for the first three months this year the
amount totaled only $210,000 To date
the Bunker Hill and Sullivan mine has
yielded dividends of $9,996,000 on a
100000 capitalization-an excellent
showing. Five gold and silver mines
in the newer districts of Nevada came
forward this year with dividends OF
S360500, making the total since CAPT
talization of $4,OO5OOO. The labor
troubles at Goldfield have also been
responsible for the interruption OF
dividends in that quarter.
Only one quicksilver mine in Cali
fornia has declared dividend this
year, amounting to $50,000 making
a total to date OF $1,O1O,OO0 on a $500,
900 Capitalization.
The work of placing the wires from
the Wardner substation of the power
company to the Caledonia mine, stu
ated just across the ridge from Ward
ner, is finished, and. the work Of in
stalling the electric hoist will be begun
within few days.
The CRANKY shipments constitute
the entire Boundary (B. CO. output for
last week. The shipments amount to
24,6S7 tons.
The Federal sampler at Wallace has
resumed operations after having been
closed since about the first of the
year. Between 20 and rs men were
given employment. Several cars of ore
were shipped down from the mills.