Bisbee daily review., 1908-08-09
For Seven Months This Year
and During a Period of Low
Prices and CurtaiIed
Consumption.
SIXTEEN COPPER MINES
MADE NEARLY $4,000. 900
Gold, Silver and Lead Mines
With More Capital Pay
Smaller Dividends.

For 60 metal mines and works in
the United States to pay dividends
amounting to the large total of So,
S94,341 for seven months fails year
a period OF low prices and curtailed
coBsumption-is indisputable testimO-
ny of the extraordinary profits that
are being earned ia the great min
eral industry. BY a careful talhia-
ton The Mining World has ascer-
tanned that these 60 corporations, y!th
capitalizations varying from 100000
to S100.000,000, have since their
organization distributed dividends
among their numerous shareholders to
the enormous total of S4S3.056.07S. On
the issued capitalization of $39S,4Sl,-
$50. the dividends paid thus far, show
a return Of III per cent, which may
rightly be called the magnet that has
attracted so many investors in min
ing and metalluDgical shares.
Besides the large dividends declared
by the mines and works, there is be
ing distributed at regular intervals
vast profits by corporations whose rev
enue is obtained chiefly from the Sc
curities which they own in operating
mines and works. For instance, dur
liz iElS uISL S6kEH luDtl&lS NAldS Stta
five of these securities holding corpor-
ations paid dividends to their widely
scattered shareholders amounting 10
S4,052, $50. Since their organization
these five securities holding corpora
lions have declared in dividends no
less than $74, 200, $50. which is equiya-
lent TO a return of over 80 per cent
on the outstanding share-capitai OF
n1er.alf cd Corr
per company, which controls the Ana.
conda, Boston & Montana and othel
valuable mines in the Butte district,
and has outstanding $3.50, SS7 800 in
stock. paid dividends from January to
May, this year, amounting to S1.53S,-
SIS, making a grand total since April
1899, of SIS, 696 .26t. The last quarter
" dividend, payable August 81, makes
the annual rate on Amalgamated stock
2 per cent on par 500. The second
largest securities holding corporation
is the American Shelters Securities
company, which is affiliated with the
so-called 'smelter trust and pays
dividends at the rate Of 6 per cent on
its a preferred stock, and , per cent
on the B. preferred.
The American Shelters Securities
diyidens so Tar this year amount to ST.
100000, making a toal of S7.S15,00G
on s47 1000. 600 issued capitalization
since organization in 1893. The Cop
per Range Cons. company, which
shows substantial earnings from
shares held in other mining corpora
tons. has paid dividends this year OF
S959,452 making a total of S7.4S3,72S
on S3S,37S, 100 issued capitalization
-5-,1, ,y-e~opfzaffD,, in QGI
Still another source of large profit
to investors is the stock in metal sell
ing corporations, like in the United
which markets on commission the pro
ducts of the AInalgaInated Copper
company and other larger corpora
lions. The United Metals Selling
company. capitalized at S5,000,0 900 ii
1900 mas declared dividends to date
Of s6,5O0, 600, Of which $4,000 has
been paid this year.
By far the largest dividends are
being paid by the copper mines wnos'
capitalizations vary from S1,500,O0o q
$50 OO0 600. For the seven months
This wear 16 copper mines declared
dividends of S9.s6S, 730. making
grand total of S30S. 418,544 or 3SS pei
cent on an issued capitalization o
S79.428,75O since organization. The
Calumet & Hecla mine which is con
troIled BY few shareholders, has pate
dividends since 1871 amounting TO TN
enormous sum of sI06, $50 900 on 9
50 500. 900 capitalization So far bnl'
year Calumet & Hecla. has paid II
dividends 81 ,0O0, 600. the last quarteri!
being at the rate of so per cent PEI
aunum on part, SO, or about pc
cent on the current market quoJatloi
of $3.50 per share. Anaconda or Mon
tana owned by the Amalgamated Cop
per company, paid its stockholders ~
500 GOO this year, making grand tota
of $40 SOC. 600 on 30,00O.0OO captain
cation since incorporation IN 1880
The Boston & Montana, another A1llal
Sgamated prodigy, came forward CHE
ear with 100000 in DIVIDENDS, MAJ sd.
g., a total of So, 925, 900 on S3.75O,OV'
Capitalization since 1887. The Unlt
81 Verde mine in Arizona, controlie'
largely by W. A. Clark, paid diNiaeho
tbie wear of 81, SIS, 900, making a tota
of s25. $40 1922 on s3,000.0OO capitallza
tion since organization In 1883. IN
Arizona Copper company, whose 30
775 600 shares are owned prlncipaIL
in Great Britain, has declared CIV
Iends f;ijs year Amounting TO SLelz'
7se making total of s12.154,s22 sine
1884.
The gold. silver and lead mines
though espitaHzed at consideraDIs
more than the copper properties, y
consequence pay proporuonatelS
smaller dividends to their greatei
number Of stockholders. Daflng ths
frs4 seven months this year - golo
,sis,,a- md lead mines announced div
ideDds of s.. 3ss, $50, making total 0
SIS 2z7. 1872 Oh an issued capitalization
Of s99, 93c, 900 since Incorporation. Tn