The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-04-16

/ dividend. At the established rate
! Goldfield Consolidated takes first posi-
! lion among the profit djsbursing minin.
! corporations of the world, says b. II
! Scheztels e. Co of New York Th'
| following is a comparison between thi!
| issue and number of the leading divI
dend payers in the mining and metal
lurgical field;
Per Annum
Goldheld Consolidated ..... $50. .ol$. 2,
| Homestake of South Dakota. 365, 400 .nl
Alaska Treadwell ..,......... GOO. 600 .0l
ESperanza of Mexico ......,, l,S0O. 600. u,
.lmalgamated Copper ........ %.0!i.i5l .ol
Calumet G HoCla .........,.., 2.onn. GOO .Gt
United Verde ........,....... 2.230, ,0Q0 0l
National Lead tpreferred).. -. LOS, 900 0l
National Lead (common) ..,. l.o32. 900 Ol
The only metallurgicaI concern in
the world that pays great dividend
is the American Smelling and Refining
company. commonly termed the smelt
ing trust. which distributes annually
common stockholders. This. however
is upon "A capitalization Of 100000
and bonded indebtedness of $349,0Oo
Goldfield Consolidated stands alone in
the annals of mining as the greatest
gold mine in tho world and the heaviest
dividcnd-paycr of all mining enter
prises.
Al the established rate of dividends
Goldfield Consolidated shares are earn.
ing, at current market prices, II IL
per cent per annum With extra diyi-
the year, this rate Of return 10 stock
holders is expected to approximate 20
per cent.
The properties of the company at
Goldfield are earning more than twice
the amount required 10 meet the divl-
dend demands. During the month of
March. the net revenues from the big
Consolidated mill were $950,000. while
the tonnage shipped direct from the
mines to the smelter brought up the to-
tai to close 20 $1,010,000
Three other important factors enter
into the market value of the stock and
directly affect It's attractiveness as an
investment and speculative issue.
These are the exceedingly rich devel-
opments in the Hampton stope of the
Combination mine, which have doubled
the visible reserves of the entire es-
tate; the discovery of an entirely new
ore body on Jumbo ground, which at a
depth of 800 feet shows ten feet of
800 gold ore; the steady reduction IN
the cost of mining and treatment of the
company's ores.
From information received first
hand we can state that the Hampton
ore body is the most remarkable ever
opened in the Goldfield district, show
ing more high grade shipping ore than
was taken from the Hayes Monnette,
Frances Mohawk, Reilly, Little Flor
ence and Engineers leases during the
past five years, and closely approx
mating the total production of the dis
trict to date. The Jumbo find demon
strates fourteen acres of heretofore
unexplored territory, and adds tremen-
dously to the visible reserves of the
company.
Officially it is stated that the cost Of
mining, transportation and milling dur
ing the month Of March was $6.3l per
ton. for which Sill per ton was
charged off to new developments. The
costs Of milling were $2.61 per ton, IL
lustraiing the possibilities OF economl-
cal treatment of Nevada ores where a
big tonnage of low-grade product IS
available.
Comparisons arc now made between
The Hampton stope ore body and the
bonanza chamber of the Consolidated
c. and V. of Virginia City, which pro
duccd over 5000 ,000,0 900 in less than a
decade. While no such tonnage is
proved up on the Consolidated as was
taken from the great bonanza of the
Comstock, its possibilities cannot be
measured or limited. From depth OF
$50 feet TO the surface there is close
to $l5, 100000 in high-grade gold ore
practically demonstrated. The history
of mining in Goldfield has chronicled
the persistency of the ore deposits Of
the camp to the deepest workings thus
far chieved-something over 1000 feet.
To this depth there are no apparent
indications of diminuton of values or
extent of ore deposits. With this rs a
basis it is not beyond the realm OF
probabilities that the Hampton shoot
will continue 10 even greater depth. If
it does and holds it's remarkable aver
age of richness, it's aggregate yield of
the yellow metal Will be something
If. as in the nature of things is moi
beyond the pale of possibilities, the or
bodies of the Consolidated continue
further depths, the record of produs
tion from the heaviest producer of Vii
ginia City may be even echpsed,