Bisbee daily review., 1908-04-07
BIG PROFITS IN THE FIRST
 QUARTER 1908
Statistics Gathered By Mining World Show Good Returns In Spite of the Low Prices of Metals.
tMining wo7ld.)

(Mining woTld.)
 For q mines and metallurgicai works in the United States to pay dividends aggregating the total of s11 ,6S3. .l96 for the first quarter of the current year is a pretty good in dication Of the profits that are be- ing made notwithstanding the lower market prices of silver. copper, lead and zinc. These 4l mines and metal lugical works according to a careful complication by the Mining Woric have paid in dividends since their organization the grand total of S4l7,- 964 .S21 on an issued capitalization of 1856, 75s. .450.
 Large as the dividends mentioned above may seem they do not include the disbursements by the Amalga- mated Copper company and other se- curlties holding corporations. From January to March this year four se- curities holding corporations. having an outstanding capital of $421, ,266,000 declared dividends Of S2,247,O01, making the total since their organi- zation s72.3SS,661.
 Another source of large revenue from mines is the sale of the prod
 
 selling corporation which is idenii- fled with the Amalgamated and other large interests by reason of the fact that 1t markets their copper, de clared a dividend of S375.000 this year. making the total to date s6.- 000. .000 on s5.000.000 capitaliZa- ton.
 Of the 36 metal mines that paid dividends in the first quarter this year, nine produced copper, and these report a distribution of $3.622,- 162. Since incorporated these mines have yielded dividends amounting to the large total of S272,030,676 on an outstanding capitalization of only s51 ,275, ,000. Caumet 6 Hecla which On its $2,500, 900 has declared divi- dends to date of s106, ,350,000 cut its quarterly payment in 1908 in half (to s50o. 900, or $5 per share), because the copper market is in unsettled condition. Nearly all the other cop mines reduced their regular diYi- dends temporarily.
 Twenty-six gold, silver and lead mines have declared dividends of s2,z23, ,16S So far this year, making their grand total since incorpora- tion s69,418, ,S36 on an issued capital ization of s9I, ,202 200 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 s327 500. bringing its record to $16.- 407. .95e on 6 capitalization that has gradually been increased to s21, ,S40,- 900. The Bunker Hill 6 Sullivan sil- yer-Iead mine in the Occur d'Alsne district, Idaho, also a regular month ly dividend payer, has been obliged to reduce it's rate, so that for the first three months this year the amount totaled only S21O,000. To date the Bunker Hill & Sullivan mine has yielded dividends of sS,996,000 on a S3,000.0o0 capitalizationLan ex cellent showing. Five gold and sill yer mines in the newer districts Of Nevada came forward this year with dividends of s360,500, making the to- tai since their organization Sl,310.950 on an issued capitalization of s4 ,005,- 900. The labor troubles at GoldheIa have also been responsible for the in terruption Of dividends in that quarter.
 Only one quicksilver mine ID Cal ifornia has declared divident this year. amounting to S50.000, making a total to date of $1,010,000 on a S50e,000 capitalization.
 Five metallurgical works are cred tied with dividends this year amount ing to S5.73S ,S66. making their total since organization s75,505, ,309 on the outstanding shart-capital af S2l3,- 7S2,250 To be sure, the American Smelling and Refining company takes the lead in this group, having de clared this year S, ,250,000 (at the rate of 2 per cent on the common stock and 1-2 per cent on the pre- ferred, making the total to date s41, ,S31, ,553. The present outstand- ing capital of the "smelting trust is s1OO, 1000, 900, equally divided in common and preferred stock. The UniteI States SmeIting, Refining and Mining company as declared divi- ,dends of s1 1,201, ,360 this year (being per cent on the common stock and 3l-2 per cent on the preferred), making a total of $4,S77,941 to date on the issued capitalization of s4S SAG, $50.