The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-07-05
SIX MONTHS OF DIVIDENDS.
What Has Been Done by Fifty-six
Companies Durinu This Year.


IN the United States have lust passed
through six months of unusual depression.
winch has resulted in the cutting down OF
earnings and consequently of profit-shar-
ing. Consumption and prices for silver.
copper. lead. zinc and other products of
mine, mill and snelter since January
nave been the lowest for years. but an
Improvement is looked for during the clos
ing months of the year.
Dividend payments for the first six
months of 1905. according to a careful COM
pilation by the Mining World, amounted
10 ~ 40, lSs reported by fifty-six mines
States These fifty-six corporations have
declared to date the enormous total OF
$40 746.069 in dividends, showing that they
have returned about lis per cent on their
issued capitalization OF sos 669. $3.50.
These large dividends. by the way, do
not include the payments by mines secur-
tiles holding corporations like the ANAL
gamated Copper company. From January
to June. this year. four of these securi-
ties holding concerns. Incorporated within
the last nine years. have declared divi-
dends of So, 99S. $780, making a grand total
to date of s74.1l99 $50 on the outstanding
capitalization of s24i. 26S. 600. The Amalga-
mated Copper company which Is the larg-
est of the four corporations, has paid this
year dividends of 81 .53s, so, equivalent to
/ per cent on its issued share-capital. be-
ing at the rate of 0.5 per cent quarterly
on 500 par value of stock. Since its in
shareholders have collected dividends ag-
gregating total of $50. 696 26l. on a capt.
taliZation which has been increased from
sI5.0000oo to Sl55.oo0.oOo, of which $685. 900
has been issued so far.
The American Shelters Securities com
pany. the second largest corporation of its
class, pays quarterly dividends at the rate
of per cent per annum on its $l7.000.O 600 A
preferred stock. and per cent on its $50.
00O. 900 B preferred stock. For the first
half this year the total dividends were
81. 10000 bringing the amount since or
ganization in 1905 to $7.Sl5.000 This cor
poration is a grated limb on the "smelter
trust family tree.
Copper dividends have been reduced
alarmingly, owing to the peculiar situa-
ton of the metal market. which has put
prices at a level that makes production
Improbable for many mines. For the
past six months the dividends declared by
fifteen mines amounted to 81 .491. 1872 being
only about one-quarter as large as the
total for the corresponding period in 1907.
To date these fifteen copper mines have
paid dividends of 500. OO6. 526 on an issued
capitalization OF 1859. 600. indicating a
return of about 800 per cent. No wonder
copper shares are in favor with investors
and spectators alike.
paid S4.509.0 ol in dividends for the first
half this year. making a total of 1881 ,S91
since their Incorporation This shows a
return of about 50 per cent on the out
of the dividends declared by these thirty
three mines have been in small amounts
at regular periods.
The six metallurgical works which re-
ported dividends of s9.54S.775 for the half
year have declared to date the large total
of $50. 752. 652 on their issued capitalization
of $223. g2. $50. Foremost stands the Amer
lean Smelling G. Refining company.
which declared. 81. $4,000 for the first six
months this yeah, equivalent to per cent
on the $50, 900 common stock and 81 4
per cent on the $4,000. 900 preferred. The
last quarterly dividends. however. were at
the rate Of 4 per cent per annum on the
common stock, with per cent on the pre-
ferred. Since its organization in April.
1899. the so-called "smelter trust has
paid dividends amounting to the large
sum of s43. 2O6. 553 besides sharing substan-
tial profits among its employees.
The United States Smelling, Refining &
Mining company. Incorporated in March.
1906. has mailed to the holders of its
81. SAG. $50 outstanding stock. dividends of
s.. 458 622 of which 81, S02.041 were declared
in the current year. The last quarterly
dividend on the s17,551 ,45O common stock
was at the rate of per cent per annum
on par, $50 and that on the $24. 295 200 pre-
ferred stock, per cent per annum on pa,
$50
In addition to the dividends quoted
above large profits have been shared with
investors in numerous private corpora
lions. A source of increasing revenue to
investors is the stock in metal selling con-
Germs. as, for instance, the United, which
is affiliated with the Amalgamated Cop
per company. and which has declared div
idends since organization in January. 1900
the enormous total of $6,5O0.000 on a So
for the first half Of the current year
n mounted SS76 000 171k Oer cent