Show guggenheim PROFITS A press dispatch from new york says nevada Consolidate ds initial dividend of cents a share or per annum equal to 30 per cent on the par value of its stock furnishes another source of income to the guggenheim exploration company on december 31 1908 the companies in which the exploration held interest were as follows holdings company yukon gold utah copper nevada consolidated nevada northern R R co bonds cumberland ely ltd 3 speranza esperanza E am smelters shelters Sm elters sec pfd pad A am smelt sec corn com n nominal value I 1 miscellaneous investments 1020 total two years ago none of the prope properties arties enumerated was on a dividend paying basis except esperanza ltd at present all are on a dividend paying basis except the common stock of american smelters shelters Sm elters securities company of which the exploration company owns shares and which it carries among assets at a nominal valuation of 1 in tho the companas comp anys last annual report it is stated that the holdings are carried at cost assuming that this represents at least par value the earnings for the cur rent year should approximate derived as follows rate of return company per ct amount yukon gold 8 utah copper coppel 20 nevada consolidated 5 nevada northern R R ads 5 cumberland ely 2 13 esperanza ltd 30 am smelt pfd pad A 6 am smelt pfd pad A G am smelt pfd pad B 5 total one quarter increase due next year on the stock of the guggenheim exploration company outstanding as shown by the last annual statement the years income estimated above will equal approximately per cent this leaves scant room for an increase on the com banys present return of 10 per cent per annum as suggested in certain quarters another year will see the companas comp anys income augmented however by a full years return on tahe nevada consolidated and cumberland ely securities to say nothing of prospective better returns from the other companies coincident with expected improvement in pro in the metal markets this with the reported progress of the copper consolidation which will include in the event of the deal being carried to a conclusion three of the companies in which the guggenheim exploration company holds an interest namely the nevada consolidated cumberland ely and the utah copper furnishes sufficient basis for the recent rise in the value of the exploration com banys stock |