Elk City mining news. (Elk City, Idaho) 1903-1913, 1908-07-18
MINES AND MINING.

passed through six months OF I'M
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 1,4O2,1 1873, reported By
Sc mines and metallurgical works in
the United States. These Sc corpor-
atoms have declared to date the enor-
nous total of 0,746,069 in divi-
dends, showing that they have re-
turned about 11S per cent on their is
sued capitalization of $39S,669, $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
years, have declared dividends of 3d.
$685. $3.50, making a grand total to date
of $74,119,990 on the outstanding cap
italization of $241 1860 The Anal
gamated Copper company, which is
the largest of the four corporations,
has paid this year dividends of ST.
53S ,879, equivalent to ] per cent on
its issued share-capital, being at the
rate of 8 per cent quarterly on 500
par value of stock. Since its incor
poration, in April, 1899, Amalgamated
shareholders have collected dividends
aggregating a total of SIS, $50. 261, on
capitalization which has been in
creased from s75,OOO00O to s155,00O
900, of which $3.50, 1897 800 has been is
sued so far.
The American SHELTERS Securities
company, the second largest corpora
ton OF its class, pays quarterly divi
dends at the rate of per cent per an
mum on its $17,0O0.OO0 A preferred
stock and 5 per cent on its $50. 100000
b preferred stock For the first half
this year the total dividends were ST.
200.0 900. bringing the amount since
organization In 1905 10 $685. 900. This
corporation is a grated limb OH the
'smelter trust family tree.
Copper dividends have been reduced
alarmingly. owing to the peculiar sit
uation OF the metal market. which has
put prices at a level that makes pro-
duoti0n Improbable for many mines
For the last six months the dividends
declared by Is mines amounted 10 ST.
49l 1852, being only about one-quarter
as large as the total for the CORE
spouding period in 1907. To date these
10 copper mines have paid dividends
og szs9 .OO6.526 on an issued capital
izatiOn of S76 1925, 900, indicating a re-
turn OF about 800 per cent No wonder
copper shares are IN favor with in
vestors and spectators alike.
Ihirty-three gold. silver aud lead
mines paid 81 .3O9.05 la dividends for
the first half OF this year, making a
total Of sls,97l.S 9i since their incor-
poraton This shows a return Of about
81 per cent on the outstanding capital
lzation Of s97.62i $50. Most Of the div
idends declared BIZ these 33 mines
have been in small amounts az regu.
lar periods.
The siA metallurglcal works which
reported dividends of 1855 115 for the
hair year have declared 10 date no
large total Of s9o.152 .662 on their D..
sued capitalization ~ s222.e12. $50
Foremost stands the American smelt.
lnf AND itehnlnf COMPANY shloh a..
Glazed fi.h2b.000 for fhe nrsi slr
mopthe thls year. equivalent to 4 Per
cont op the 900 900 900 common stock
sna blt poi cent op tho 100000 900
piefelfea NE lesi quarterly dlfl.
bends nonefer nefe ~ tho TAO AZ 4
l'ri cent pef snnpm on ibo eommon
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