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Show why men HAS GONE UPTHE SCALE Increased Earnings Mean the Dividends Soon Will Be Increased. The Ronton Financial News says that It Ik the opinion of some of the traders who watch the speculation closely that ;here haa heen a quiet, but steady accumulation accum-ulation of Anuconda recently and this buy-lug buy-lug Is taken to forecast an increase In the dividend rate at the next declaration. The last dividend waa declared on June 26. ho that no action ift looked for until late In September, when a quarterly payment pay-ment of 7" cents per shade Is looked for, igalnst the 60-oent rate thai haa been maintained since 190S. Anaconda's dividend divi-dend record has heen as follows: 1000 ?4.00!li06 .J4.87J 1001 .1.25llt7 ((.SO 1903 1.00 0108 : 00 1903 1 .0011900 2 00 1904 l.OOllOlO a.oo 1905 1.00U9H 2.00 It is believed that the Anaconda rate would have been Increased before this except that, the directors wished to add to the treasury surplus, especially as the earnings In 1911 were short of the dividends divi-dends paid by a few hundred thousand dollars. The company has been adding to the surplus heavily this year, however, how-ever, as the dividend requirements of 50 cents per quarter have been far lees than the earnings. Tt ts esrlmntoH that on an rmtr.nt of about .'00.000.000 pounds of copper the Anaconda Is earning well In excess of $5 per share on Its stock, which would mean a yearly addition to the surplus of some $13.000 000 If the earning were continued ns at present and the dividend divi-dend was held down to the J2 rate. An Increase In the dividend rate to a basis would mean dividend requirements require-ments of about ?13.00,000, as compared with earnings at the rate of better than ?22 000,000, so that the conservatism of such action could not he questioned. Boston Mining Stocks. James A. Pollock & Co.. bankers and brokers, furnish the following, received over their private wire yesterday afternoon: BOSTON COPPER RANGE. I Sales I BL I L. Cise Algomah I 5j 5J i Butte & Balaklava I Sll 3 3 Butte & Superior... 940! 43j 43 43iJ Calumet & Arizona.. 241 801 79i 80i Chief Consolidated ., 15 1 11 li Copper Range 59j 59 59 Daly West 6 4J 5 Davis Daly 150 M 2i 2J East Butte 145 132 133 13J Glroux Con 160 HI 52 5J Granby Con 55 ) S 4 s 00 Greene C 110 10J 10 10J Hancock 30 28 31 Indiana Copper 18J 18 IS Inspiration Con 19J 183 191 Lake Copper .... 150 3f 3t 3fi La Rose 3J 3 3 Mason Valley 110 12J 12j 122 Nevada Con 125 223' 222 2:"l Nevada Utah I I Be 2c 5c Nlplsslng 205 8 8 8 North Butte 1,490 33i 931 3?2 North Lake 30 Bj 5i 5j Ray Consolidated ... -LJ 212 21 J Superior & Boston... SOI 2 2 2 Trinity SJ Si 61 1 . B Smelter com.. 100 453 452 452 U P Smelter pfd 50 I 50 I 50 Utah Consolidated 1 1211 12 I u BOSTON CtJRg CLOSE I Bid Asked. Reqole ... 1$ 1.60 1$ 2.00 i Boston Ely -.I 1.061 1.20 1 Calaveras 2.62i 3.00 ! 0 . t t ft I 1A M OOlll.ll LiilSC I tvivv Butte Central 7.00 7.20 Chemung 4.75 6.75 Majestic , .48 -50 Oneco 1.87J 2.00 S Miami 6.26 6 50 Bohemia 3-75 4.00 Butte ft London 32 .38 Hoton Copper 9.25 9.o0 Nevada Douglas 3 . Lt7 J 3.50 Michigan 2.25 2.7o Victoria 2-00 3.25 Wyandotte 2.00 2.25 American Zinc 30. 00 80.12J Arcadian 3 -To 4.50 Tuolumne 2 95 3.06 Pond Creek IS 25 18 871 Mass I 7.00 7.50 Winona 6.25 6.00 Helvetia 1-00 1.131 Kerr Lake 2.87J 3.00 south Utah i . . -Bj -60 Utah Apex 2.121 2.50 Greene-Cananes 10,00 10.121 Mayflower 12. 7B 13.00 Old Colon v 8.8-J 9.25 Shannon 16.75 17. 00 Butte ft Balaklava 2.95 3.00 Keweenaw 1-60 1.75 Miami Copper 29 371 29.621 i.Hlhway 4 00 4.50 Nevadaa in San Francisco. James A Pollock & Co.. bankers and brokers, furnish the following, received over their private wire yesterday after- noon: I Bid. Asked Goldfield j Columbia Mountain $ .04 $ Jumbo Extension 43 Vernal 10 Booth 07 .08 Blue Bull 07 .08 Silver Pick 11 -12 Oro I 04 .05 Atlanta 26 .27 Florence 90 D'Meld B. B. Con 08 .09 Goldfield Daisy 08 -09 Combination Fraction 15 .16 Kewanos 07 ellovv Tiger 05 .06 C. O. D 11 -12 Merger Mines 46 .46 (omstock t Ophlr ' -93 Mexican . - - 70 Could & Curry 04 1 otisoliiiiLte-l irglnia .. . 54 .55 Savage -9 Hale 'V- NorcroBS -13 .15 SI errs Nevada w Sierra Nevada 19 .20 Ex heQuer ! -06 Union p .74 Chollar iPotOSl n4 05 ! Mispah Extension 1 021 Tonopah Tonopah Nevada 6.0O ....... Montana Tonopah 2.00 2,05 Tonopah Extension .. 2.65 1 MacNamara -23 I Midway 60 Tonopah Belmont 9.85 Tonopah North Star 16 .17 Weal l'ind Consolidated .. 1.65 1.70 Rescue , 14 15 Jim Butler 65 Cash Boy 07 .09 Monarch Pitts Extn 25 .26 Umatilla 06 .07 Tonopah Merger I .98 Manhattan '.Manhattan Consolidated 20 Golden Wedge -08 -09 Dexter ' -4 -05 White Caps I .1? I Man Btfr Four I Other districts 1 I NFevads Hilts I 2 00 , Pittsburg Silver Pak .91 .95 Round Mountain I -40 Oro and Bullion. The ore and bullion report for Satur-duv. Satur-duv. given by McCornlck & Co.. was as follows: Ore received. $73,000, bullion shipped. $60,000; total, $18 5 000 |
