OCR Text |
Show PROSPERTY IN 1906 MADE PAYMENT Of BIG DIVIDENDS POSSIBLE General prosperity in mining and metallurgical industries, resulting from an increased demand and higher prices for the various primary and secondary products, has made possible the payment pay-ment of large dividends. In 1906 the dividends declared by 156 companies operating in the I'nited States. Mexico. Canada and Central and South America, as tabulated bv the Mining World, amounted to the large total of $10.,, 197, 755. Since their incorporation these concerns have dis tributed profits of ito74.692.971. The copper mines str.nd at the head of the dividend list. th(rtv two properties proper-ties reporting $6040345 jn I9r6, which makes $....0,., 9 1.020 since their incorporation. The largest amount paid in 1906 was $10.716.1.1.. bv the Amalgamated Copper companv. making its total since incorporation, in 199. $43.41 7. 23". The present on t ' a ndii'g capitalization of this combination is $1.i3."7,90ii and its ln?t quarterly dividend was at the rit" f per cnt tier annum; this is being earned largi v bv shareholdings in subsidy copper companies situated in Montana. v One of the most inipctant of these properties i. the Boston & Montana, which, although capitalized f onlv $3.7.H. "On. n paid dividends . f 7. 200.0ihi i Utiin. making a total of $.".". 72.i. OOn (13,"3 pt r cent) since ni.'or poration in lli7. Tto- lat quvrtcrlv dividend of this i'i'ip-p;m v was 12 per share, being at the raic , f Is per cent per annum on the capita I i :. t ini;. Ana conda. another Amalgamated offspring. paid dividends of .ti.n.Vi.r n t.,11. imiiikki capital in 1""6. and since or ga nidation under Montana law in l9.i. it has declartd $3".9"0."t'i. North Butte paid $3,9."i".""" in 19"6. making $4.4"".""" 1 nrarlv 49 per centl since incorporation on 00", nun Nsued capital. capi-tal. The Lake copper mines have distn buted large dividends during the vi-ar. Calumet and He. la. with a capitalia tion of onl -J.. "nn. 111 in 1 n i , ) .Inidends of $7,00(i.fiiHi in I9ni-,, wich makes a total since incorporation, in ls!'7. of $99. 3. "".I urn, or .".97 1 per cent. The value of this stock ipar $2o 1 on lie cctnber 31. IM116. was $9". making the total market quotation for the prop ertv $si,.",nn,non. eij ui - a ie 11 1 to nearl 36 tiin's the capitalization Copp. r Uange consolidated, a hold ing cotnpanv which has an int. rest 1:1 the Champion. Tri m on n t a 1 n and otli.r properties, and is capitalized at '!s. 37. Inn , issued 1. declared divider.ds of 2.3"2.'i in 19"6. making $ 1.2'J I .."91 since incorporation, in l'dnl. tuineev. opined in 1"4S. lias In en quite a steads producer of copper ever since, and has paid dividends to the end of '. amounting to $1.9.".''0; in 1 :0 the pavtnent was $ 17373. n"". The present ca pi t a 1 1 a t i o n is $3.7."", in ill, while the market value on lle.-cni her 31, 1 '". was $ 1 7. 1 ni 1.1 n in (Is.-eola Consolidated is making a record; it i capitalize) at .L'. I1 '3.7."ii 1 1 issue. 1 1 and hns paid diidend of '.'(M..'nii 111 litud. making a total . f ".7 -.".7 '" ' since or ganization. in 17.'.. (s,'eola stock on Iic.-co'brr 3 1 . li""1. waa quoted at $147 to $151. an average market value of nearlv $15,000,000 for the property. Tamarack, capitalized at $1,500,000". paid a dividend of $300,-000 $300,-000 in 9fth, making a total of $9,000,-(100 $9,000,-(100 (800 per cent) since incorporation in IS&2. Wol verine is distinguished by its low working cost; its dividend in 1906 amounted to $1,500,000. equivalent equiva-lent to 1O0 per cent on the capital, and making a total of $3,9S0,OuO since incorporation in-corporation in 1H90. In Mexico, the Greene Consolidated Copper companv is the largest dividend divi-dend paver in its class; in 190r it de clared ll.R91.200. making a total of $5.737, S00 since 1899. The present out standing capital of this company is $10,000,000, while the market value of the property on December 31. 1906, was $33,000,000. Other large dividend paving pav-ing copper mines are situated in Arizona. Ari-zona. 1'tah, Tennessee, California, Wyoming and British Columbia. There were 113 gold, silver and leid mines am) works that paid dividends of $42,40'i.H4 in 19i'n. making their total since incorporation $232,455,530. The largest dividend payers today are the ore treatment works. The Atneri can Smelting and Refining companv, known as the smelter trust, capitalized at .1io.OiiO,ooO, paid 7 per cent on b-tli its common and preferred stock in 19 1 ni. the combined dividend being $7. Oi'H.iiiiii. and making the total since lsoii. $31,331,553. In addition to this anmunt the smel (it combination has established a profit shaiir.g fund for its employees, the annual distribution being eii to 5 per cent ef the n't earnings. The ma'kef value of the property of the sni.lter trust on December 31. li'oO. w;:t 131.71.75o. which is nearlv one and a half times its capitalization. The Federal Smelting and Refining com panv. which is auiliated with the smel t r trust, and is capitalized at $!v (KiO.ooo (issued) paid dividends of jl.vtin.i in 19'iti, making the total since incorporation. $4. 23s, 000. The last quarterly dividend -f the Federal was at the rate of 20 per cent per annum on the common stock, and 7 per cent on the preferred. The Ameri can Smelters S. entities companv. ,-T holdfng companv cioseK identified with the smelter trust, prtid dividends on its $ 1 7.iiii".i 11 ni A and 14 preferred shares to the amount of $2.52". 1 in 19"'. making a tidal of $4.o35.00n since or ganization in March. l)'o.y The I'nited States Reduction and Refining com panv with ore treatment works in Colorado, paid dr.id.nds of $2:'.o.74hi 1 ..11 its $3,H 15. si 11 1 issued preferred 1 stock in If'1"', making the total distribution distri-bution on these shares $7h'.l,757. 1 . ! The largest dividend paving gold I n ine on the American continent in I l'.io'i was the Ksiier.inza in Mexico, I which declared $3.5"S.i i.vi on a capital of $2, '-'7', I'"", making its total since m ! corporation $4, .347.525. The Runker I Hill Sullivan silver lead mine in the Coeur d'Alene. Idaho, paid $2.')4".i j in dividends m l'.'jui on a capital of j I $3.""", and since its incorporation 1 has distributed $7.srw". The (iranb Consolidated n ine in I British Columbia, capitalized a" 13, j 51111.1K111. divided profits of $1.247. 2"') J in l'.t"i'. making a total of $ 1 ,3st" .".'' ' since l'.'"l. The II -mistake gold mine ; in the Black Mills. South Dakota, paid 1 dividends or $ 1 .1'' 1 1 .1' 11 ' Irmn l..v grade ore ill I'.c.l", I,-,.. ,e. lured to date 1 5,53 .;;",o ; ,,r,.s, lt capital is $21 . 1 spi.oon TI.e Alaska Tr. a.Bv.-ll. the larges : ! grade gold mine in the world, de , clar.-d dividends ,.f -l' 1 ''.'" 1 in li'"" j 011 a capital of $5. .""". and since its j inc. rporat 1011 has paid $s..3s." .1 11 u 1. Tiie j A In ska Mexican gold mine in the same lo.a!i! in Alaska divided profits of -21''i.""" 111 lili'ii on a capital of $!'"'. """, and since its incorporation has paid $l.''.5.3sl. The Silver King mine in 1'tah came 1 forward with dividends of tsuiinm jn j l!""'.making a total of $1".75".""" on , a . apital of !.""". i since inc. rpora Hon DaU West, also in 1'tah. de .dared f 4 :-i "' n l!'"o, bringing its j total up to $5.3!i;i.""ii on a capital of $.'l,i')i '1 1.1 11 1". sm.e incorporation '' .- Guggenheim Kxploratn.n companv. cap I itahed at $17.'mhi,i dividends' I of $sjs 1 ln I'.mii, and $3. "5.3. 75" since organ iat ion ; 1? is affiliated vvi'1-. the smelter trust T1.- N'psieg m v cr mine 1 11 the .. !.:! district. 1 in j tario. paid $s".n-i" iM l.i"i"i, miking a to'al of $ssii in ,1 a capital of 1 I. 1 n January 2. 1!'"7. a ijuar terlv dividend ,,f 5 p.-r cent '25 cents ' per shar f $.3"(i,ii"" was paid bv the I . Nipissing lonipanv. making the total $l.ls",nii', t,, date Several smaller sil ver tmncs 1 ri the new Cobalt district have paid initial dividend The St Joseph Lead company in Missouri con tinues to make n gular dividend pav I mints; in I'.imi the amount was $5"'. j 25". bringing the total up to $4.i'ss. . 357; the (.resent ca pi t a 1 i.a t ion is $ln. j (HI",""" I Nine 7inc properties paid dividends I of $l,ni.t'.'l in 1!"'". making a total since th.-ir incorporat 1. n of l".23l. ' 'i'ii' The largest amount has been .e I dared bv the New Jersev Zinc com I panv, vvhi. h is capitalized at $10. 1 I '""1; its dividend in l!'"n was $1.2"". """, making a total of $;i.i;o".ih 11 1 to I date. Five ziri'- companies in iscon- ! sin and three in Missouri and Kansas ! report, d dividends in li'oii. ( ine Tic-kel companv. the Interna tional. known as the trust, paid $534. 752 in dividends on c .$,;' 1 2.i. hi pre ferred st ck. (tie California : k ksi I v er mine, the New Ittdria. d . dared a divil.-nd of I $"".ii(i" in l!l'" making $ss i.""" f,, ' I date on its capita 'iat ion of $.","".11.." 1 The prospects are that metal mining dividends tor the first ,uarter of lin7 will show an increase, bv reason of the continued high prices for silver, copper, cop-per, lead and spelter |