The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-03-09
DIVIDENDS OF
METAL MINING
Thirty-Three Companies Pay
Over S6,700,O00 for First
Quarter Of 1905.
LOOKS SLOW FOR SECOND
COPPER COMPANIES MAKE THE
BEST SHOWING.

Certainly the prevailing low prices of
silver. copper. lead and zinc, and the cur
tailed production of these metals and the
Interruption of mining gold in Nevada
and elsewhere by reason of labor trou-
bles and othei causes, do not bespeak
confidence in the dividend paying power
of the mines and metallurgicai works.
And yet, Notwithstanding these adverse
Factors, no less than thirty-three Ameri-
can mines and metallurgical works, ac-
cordipg to a careful compilation by the
Mining World, paid dividends amounting
10 the large total OF $6.742 49, for the first
two months OF the current year.
These thirty-three concerns have de-
ciared in dividends to date the enor-
nous sum of s25S, ia 208 on an issued cap
italization Of 500, Oh, $50. showing re
be stated that this record does not in
elude the profits divided by the Amalga-
mated, Copper Range Consolidated and
one other mines securities holding corpO-
ration, which for the two months this
year amounted to 81. 2S3, DO making the
total TO dato So, 1898 $50 on the outstand-
ing share-capital of sl94 900. a return
of about 80 per cent IN less than ten
years. In addition. there has been paid
by one metal selling company-the Unit
ed-which handles the product of the
Amalgamated Copper company and other
large interests, SIZE, 900 In dividends this
year, making total OF $500 900 since in
corporation in January, 1900, on the s, zoo,
900 capitalization.
Coppers Are Best Payers.
OF the Twenty-Five mines that paid So.
S14,9S0 In dividends for the first two
months this year, sever were copper
These copper mines have paid to date
the large total of $40. $50. 925. showing a
return of nearly three times the issued
capitalization of s53.525.0OO. Even with
AZ at ar .aar1fs md
many of these mines should be able TO
pay dividends, provided. OF course, there
is corresponding increase in consump-
ton of the metal and the mines are not
Clike some of the recent flotations) Obliged
10 meet the or per cent interest on
their bond issues
The largest dividend declared by a cop
per mine so far this year is S60O,000 by
Anaconda of Montana. This is $500, 0OC
less than was paid four months previous
", before the decentralization in copper
prices agitated the trade. Since it's or
ganization in 1895 Anaconda has paid divi-
dends OF $50. 900 on a capitalization of
900. Boston & Montana, another
Amalgamated feeder, =" paid a quarterly
dividend of $4,000 on Feb. "a, which is
one-half the amount sent to sharehOld-
ers last November. During the past twen-
" years the Boston & Montana mine has
Yielded dividends of So. 4750O0, which is
more than fifteen times the capitaliza-
ton of $3.50. 009. The Arizona Copper
company, owned largely in Great Brit
ain. paid dividends of $547. 1872 so far this
year. making the total TO date Sll.6S9 .35l
on the $50 600 Capitalization. & United
Verde, ex-senator Clark's mine in Ari-
zona, paid a dividend in January of 1925.
600, making the grand total since organi-
the capitalization Of SSO00.00e.
Gold iIVer-Lead Dividends.
Twenty-one gold, silver and lead mines
declared dividends of 81 80, 76S for the two
months this year making the total to
date SCI. $50 on the issued share-capital
of 81, 607, DO showing a return of nearly
70 PEI cent. Most of these dividends
have been paid by so-calied low grade
mines, which have been compelled 70
adopt the most economical mining and
ore treatment processes. The great Alas
ka Treadweil gold mine. which obtains
only about g. Is per ton from ore milled
IS still able to pay large dividends on
fits 5000 eco capitalization. So far this
year the declaration has been $50. 0O(
Quarterly equivalent to u per cent per
annum, and making the total to date So
$4,000. or 1927 per cent. The Bunker
Hill & Sullivan silver-lead mine In the
unique record, being one OF the few regu-
lar monthly payers. Its dividends so far
this year amount to $4,000, making the
grand total to date $4,000 on the s..
mine in the Black Hills. S. D.. Is paying
a monthly dividend of 80 cents per share
fs109 200 and has declared to date $16,-
2sS 20 (the present capitalization being
SOL $40 OOO1 Recent developments in the
economic treatment of the shines at the
Homestake suggest a new lease Of life
for the mine as a dividend payer. The
Camp Bird gold mine in Colorado, partly
owned in Great Britain. continues to pay
good dividends So Ear this year the
amount Is 1896 500. making the total t.
date 81 O1S IO4 in the outstanding capitali-
cation of $4,000