Camas Prairie chronicle. [volume] (Cottonwood, Idaho) 1901-1917, 1908-04-10
Income From Mines.
Mining World says:

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 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 a 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 $356,759,4 50.
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 S241 100000, de-
clared dividends of $2,247 ,OO1, making
the total since their organization $72,-
1885,
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 and other large in
terests by reason CT the tact that it
markets their copi er declared divi-
Jend of $375.000 l'lis wear, making tie
total to date $6,OO0,O0O on a $4,000, 900
capitalization.
OF the 36 metal mines that paid divi
bends in the first quarter this year,
nine produced copper, and these re.
port distribution of S3,622 1862. Since
their incorporation these niue copper
mines have yielded dividends amount
ing to the large total of 72,O3O,676 on
an outstanding capitalization of only
S51,275,00O. Cal met and Heels,
which, on it's $2,5O0,0oO has declared
dividends to date of $106,350, 600, cut
It's quarterly payment in 1908 in ha't
Ito 100000, or So 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 ST.
223,168 so far this year. making their
grand total since incorporation $685.
41S,336 on an issued capitalization of
$91 ,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 1927 900, bring
ing its record to SIG 1926 on a CAPT.
talization that has gradually been in
creased to S21, $4,000. The Bunker
Hill and Sullivan silver-lead mine, in
the Occur d'Alene district Idaho, also
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
S3,0OOOOO capitalization-an excellent
showing. Five gold and silver mines
in the newer districts of Nevada came
forward this year with dividends Of
SS60500, making the total since CAPT
talization of $4005,000. The labor
troubles at Goldheld have also beer
responsible for the interruption o.
dividends in that quarter.
Only one quicksilver mine in Cali
fornia has declared dividend this
year, amounting to $4,000, making
a total to date of $1,O10,O00 on $500,
900 capitalization
The work of placing the wires from
the Wardner substation of the powe
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 win be begun
within few days.
The CRANKY shipments constitute
the entire BoundaryAB. c. output TO
last week. The shipments amount t
24,6S7 tons.
The Federal sampler at Wallace ha
resumed operations after having bee
closed since about the first of tn
year. Between 90 and 25 men wer
given employment. Several cars of or
were shipped down from the mills.