Show BIG PROFITS IN MINING the calumet hecla of michigan has declared its regular quarterly dividend of 8 a share with the payment of this dividend the shareholders of the company will have received the princely sum of on their investment the company is capitalized at shares of a par value of 25 each to begin with it is safe to presume that the stock of the company sold below par for the sake of argument let us assume that it was pur purchased C based at 25 a share during the infancy of the company since then the dividends have amounted to 1050 per share deducting the 25 representing the investment the purchaser has cleared net 1025 a share on his purchase from these figures it is safe to say that calumet hecla stockholders were never heard to exclaim mining is A a failure 11 prior to its sale to the united states I 1 company the centennial eureka of eureka utah paid its shareholders in dividends the mine sold for this figure so that the shareholders of the company really received for their investment and yet there was a time in salt lake when the stock in this company went begging at a share no former stockholder in the centennial eureka was ever heard to say that mining was a failure it is not so very long ago that the utah copper of bingham Bingha mt utah could have been had at 10 a share and but a few days ago it was selling on the boston market at 69 a share besides which the company has already paid in the neighborhood of in dividends so far on the part of utah copper shareholders no holler hassone has gone out that mining is a failure in this connection we might refer to numerous mining companies which have paid millions in dividends and whose stock is selling many times above par the country is full of them and the conclusion arrived at must be that there is big money in mining |