| Show BI BIG PROFITS IN MEAL MINING Record of Earnings for Nine Months Month Exceeds 32 Mark When mines and metallurgical works can cn pay dividends aggregating ing the large total of in nine months of the current year of or low metal prices and curtailed consumption then there can cn be no doubt of the enormous profits that are won by economic man management management management from mineral land A careful compilation by the Mining World shows that these thee American mines and works work have distributed In dividends since their organization the enormous sum of This is equivalent to toa toa toa a a return of per cent on the total tota Is Issued Issue Issued sued sue capitalization of There were also declared during the nine months this year dividends amount amounting amountIng amounting ing to by six securities holding corporations which have hase paid to date 76 to people who own ou the outstanding ing capitalization of Much uch the larger part of these dividends dividend was earned earne from shares that represent some of the tile best copper mines in the world The premier position in this tills group Is in held by the Amalgamated Copper company which controls the Anaconda Boston Montana and other other well weI known mines this years years dividends amount to the last lat quarterly being at the rate of ot 2 per cent per 10 par value share shae per pr an annum annum annum num Since Incorporation in April IS Amalgamated has yielded dividends of and today has outstanding loi 15 O In stock stock Another source of or profit to shareholders ers is the corporation that sells sels metals at ata ata a commission One of the largest of ot these concerns Is the United Metals Selling Seln company capitalized at Or in which people identified with the Amalgamated Copper company are financially Interest Interested ed e For nine months this tIlls year ear the United metals Selling company declared divi dividends dividends amounting to 0 the last being at the rate of 20 2 per cent per annum since organization in 1900 19 the total is 6 O Copper Mines Have Done Well VelI Wel With copper selling at much lower prices than last year er and at a point where many mines cannot be worked at ata ata ata a profit prof it is worthy worth of mention menton that no noless noless noless less than seventeen well wel managed mines announced dividends of for tor nine months mont Since their incorporation these seventeen copper properties have yielded the surprisingly large total of 74 on an issued Issue capitalization of only 34 84 Eleven Eleen of these mines have al already alread already ready read o repaid thir capitalization while the remaining six are expected to do so In the early future The great Calumet Hecla Hecha mine which has distributed dividends of on ona ona ona a a capitalization of ot 50 since organ organization organization has In nine months this year ear come forward with wih O the last quarterly payment being 5 per 23 25 par value alue share and quoted on Sept 23 2 at 1640 60 Boston Montana with a capitalization of boasts boast of having paid pai divi dividends dividend to date of and so far this year has announced 10 the last quarterly being 3 per 25 23 2 par value share This Tills stock is not quoted In the open mar market market market ket Anaconda of Montana Is credited with dividends to date amounting to 40 0 00 on a capitalization of and for nine months this year has ha de declared dared cared the te last lat quarterly being 50 5 cents cent per 25 23 par value share and quoted Quoted quoted ed on Sept 28 2 at 1137 The prospects prospect are that the copper dividend list will wi be added to materially material with the readjust readjustment readjustment readjustment ment of business and the settlement of the presidential election eleton Breadwinners n gold silver Iver and lead mines situated chiefly in iii Colorado Colordo California Utah Nevada South Dakota and Alaska paid dividends for nine months this year of On OJ their Issued issue capitalization of properties have declared in dividends dividend to date the satisfactory total of The The famous Homestake gold goldmine goldmine goldmine mine in the Black Hilts His takes the lead having declared this year 98 at the rate of 50 5 cents per share monthly mak making makIng makIng ing a total of pr on a capitalization that has gradually been increased to 21 I Second place is given to the Bun Bunker Bunker Bunker ker Hill Hi Sullivan Sulvan mine in the Coeur dAlene Alene d district distrct of Idaho this year its monthly dividends aggregate a total of Is for nine months months making the sum 60 since organization on the capitalization of OO The gold goldmine goldmine goldmine mine pays quarterly dividends and has de declared declared dared so far this year making a total of since incorporation on its is 5 capitalization The Portland gold goldmine goldmine goldmine mine in Cripple Creek keeps keps up its is good record this year It I has declared 60 making a total of since Incorporation incorpOration on Its 00 There are aton a number is or of small smal dividend payers in inthis inthis Inthis this list lit and with renewed activity in mining in Nevada eada there should be many new ne ones in the early future An im improvement Improvement Improvement provement in the market price of silver siver siverand and ind lead would hasten the declaration of ot dividends by certain cerain properties that have hae energetically in the last ben been een developed lat few ew years ears Earnings Earning of Metallurgical Works Six metallurgical works declared divi dividends dividends of so far this year mak makIng since or organization grand total of ot lug Ing ng a on an Issued capitalization of First place is accorded the American Smelting Refining company the smelter trust this year it paid at the rats rate rat of 4 t per cent center cen per er annum on the common stock and 7 i ier per er cent on the preferred botn bota 10 par value making a grand total to date of 44 The TIle capitalization of American Smelters has gradually grown to 00 POO The United States Mining Smelting Refining company a competitor of the smelter trust In less than three years year has las paid dividends of on Its is issued Issued Issued sued capitalization of ot To Sep September September this year the United States com corn company company pany has han has paid dividends of ot the hat ait I t quarterly being at the rate of 4 per percent percent percent cent per annum on the common and 7 per percent percent percent cent on the preferred stock both oO 50 5 par value Considering that so many mines have lave suffered from the panic last fall tal falland curtail their production and ind were obliged ed to tion the metallurgical works are paying ton good dividends on their share allare issues |
