Troy weekly news. (Troy, Idaho) 1897-1933, 1908-07-10
MINES AND MINING.

Ae anu incldilurBlcal indus
tries In the United States have lust
passed through six months of IN
usual depression, which has resulted
In the cutting down of earnings and
consequently Of profit sharing, Con-,
sumption and prices for silver. con
per. lead, zinc and other products of
mine, mill and smelter, since Jan..rv
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 a careful
compilation by the Mining World.
amounted to 21,402,1SS reported By
56 mines and metallurgical works in
the United States. These Sc corpor-
ations have declared to date the enor-
nous total of $47O,746, O69 in divi-
dends, showing that they have re-
turned about 11S per cent on their is
sued capitalization of 1898, 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 49,
998,330, making grand total to date
of STA, 1890 on the outstanding cap.
italization of s241, 266,O0O. The Anal.
gamated Copper company, which is
the largest of the four corporations
has paid this year dividends of ST.
53S,S79, equivalent to 1 per cent on
its issued share-capital, being at the
rate of per cent quarterly on $10C
par value of stock. Since its incor
poration, in April, 1899, Amalgamatec
shareholders have collected dividends
aggregating total of $55, ,261, or
capitalization which has been in
creased from $75,OOO,OOO to $155,O0O.
; 900, of which $153, 1887, 900 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 6 per cent per an
1 mum on it's $17,000,000 A preferre,
stock and per cent ON it's 10000, 00
+ B preferred stock. For the first hal
this year the total dividends we're 81
100000, bringing the amount sine
organization in 1906 to s7,S15,oO0. Thi
> corporation Is grated limb OH tn
u Sc ~, aJfar fr,1ofp 20 n, '1y fraa
. Copper dividends have been reduce
a alarmingly, owing to the peculiar III
:. uation of the metal market, which ha
!, put prices at a level that makes pre-
duction Improbable for many mines
= For the last six months the dividend
declared by Is mines amounted to 81
C 491, 762, being only about one-quarte
!, as large as the total for the corr
; spouding period in 1907. To date thes
= Is copper mines have paid dividend
!, og $299, 006,526 on an issued capita
= ization of s76,525,O00, indicating a r
"a turn of about 800 per cent No wondt
=. copper shares are in favor with Il
- vestors and spectators alike.
a Thirty-three gold. silver and les
mines paid $4,3O9,O51 in dividends fl
the first half of this year, making
total of s79,971, 891 since their ince
al poration. This shows return of abo
lie SO per cent on the outstanding capt.;
b. ization of s97, 621, $50. Most Of the di
Up idends declared by these 33 min
have been in small amounts at reg
lar periods.
3. The six metallurgical works Will
reported dividends of s9,54S,775 for t
re half year, have declared to date G
large total of $JO,752.652 on their
sued capitalization of $223,s72,S'
al Foremost stands the American SINE
'n ing and Refining company, which
'e- clared s4,625,0OO for the first
W months this year, equivalent to
ed cent on the s50,000,000 common sto
y and STA per cent on the 100000
re preferred. The last quarterly di
Ut dends. however, were at the rate OF
at per cent per annum on the comm
stock and per cent on the preferr'
"a Since it's organization, in April, 1S
III the so-called "smelter trust" has p;
dividends amounting to the large 81
of s43,2O6,553, besides sharing 81
stantial profits amongst its employ
lid U. s. smelting's Cut.
The United States Smelling, Ret
ma ~ Mining comnanv incorDOrat