Mohave County miner., 1910-07-09
Three Powerful Mexican Mining Companies
 Considering Merger.

Considering Merger.
 A Chihuahua, Mex, dispatch says: A message received. here from New York states it is practically certain that the Dolores Mines company, limited, which owns the Dolores gold and silver mines, beyond Madeira in this state. the Fl Rayo Mines near Sta. Barbara, Chih., and the Mines company of America, which controls the Creston- Colorado mines in Sonora, are to be consolidated and be known as the Mines company of America, with capitalization of 5000, ,OOOS, U. s. currency. The La Dura property in Sonora is to be in the combine.
 Part of the plan of consolidation is the exchanging of seven shares of the Mines company of America stock for one of Fl Rayo and ten for one of Do- lores.
 The Dolores Mines company, limit ed, is capitalized at 1000, ,OOOS gold, di- vided into 100000 shares of the par value of 5S The present market price Is 6.5, 5 to 7S per share. It has paid in divid. nds 50 tar this year l76,0O0S gold, making in all 95O,8 to date. The dividend rate Is IS percent at 7S per share. This great Chihuahua property has market valuation of 2,SOO,OOOs gold.
 The Fl RayO Mines company con trols the Fl Rayo Mining and Develop ment company, which owns and oper- ates the Fl Rayo and other mines near Sta. Barbara, this state. The former company is capitalized at l,O0O, ,O0OS, | U. $. currency, divided into 5O0,000 shares of the par value of B each. Of these only 36O, ,O20 have been issued. The present market price Is around 4.5OS gold, giving valuation of ,, 2,25O, OOOS gold for the total number of shares. The property has paid 46, S03s in dividends this year, paying at the rate of l2 per cent per annum, while the net earnings are much in excess of this.
 The capitalization of the Mines com pany of America is 2,0OO,OOOS, gold, divided into Is shares, the present market price of which is around 65 cents gold. giving a valuation for this property of 1900, ,OOOS. This con- pany's properties have paid l2O,OOOS gold in dividends during the present year, making a total to date of 3,S75,- COOS. It's present regular quarterly dividend is F per cent per annum.
 The par value of the three con- panies' capitalization is 5000, ,0OOS gold, and the present market price is 6,35O,- OOOS. The total dividends for the year to date is 342, ,SO3S and the total of all dividends to date is 4, 7S2, ,6OSS in U. S. currency.
 It is also understood that of the g. GOO, ,OOOS capitalization of the Mines company of America, S,5OO,OOOS will be used for the consolidation and ) O. cos for reserve. It is the intention to increase the par value from Is to lbs.
 The La Dura mine in Sonora is a re- cent purchase. but it is the plan to put it into the consolidation. Its history goes back to the time of the Spaniards and it is claimed that ii has paid 2 00O,0 in dividends.
 The Mines company of America and the Dolores Mines, limited, are largely controlled by a coterie of capitalists of United States Steel and United States Realty companies, and includes such men as H. s. Black, John Lambert, l. L. Elwood, Wm. Fleming and Wm. E. Refs. The Fl Rayo company is con troled by Wm. B. Thompson and w. Hinkle-Smith.
 Anaconda HaS an Foorm0us iauid Sur- |