Show MI M MINING IN N I IN- IN ING N G THE mEr QUOTATIONS NEWS CAMPS AM FROM AND AND ALL Al ON ST STOCKS STOCKS S T 0 K WITH FROM PRICES PRICE THE FLASHED LEADING LATEST MARKET M A RK E AMALGAMATED MAY HAV HAVIE RAISE RAIS IE AT AN EARLY ARtY DAT DATE Increased ra d prices In rt sliver silver and copper r metals since Ince tho first of or the y year ar have hae resulted In greater earnings for tor some o ot of ottIC tile tIC large larg producers r of or the west On tho strength of or Increased ed earning officials ot oZ the various vatious mines have been giving s Homo tomo tho thought ht to raising the amount amount of ot profit disbursements among amon shareholders The iThe hf Amalgamated d Is on on of ot the big properties prop prop- 8 that tit Is reported to be he earning earing twice as much nuch as u it Is paying paring out and In this connection conn tho News Ne Bureau has 3 ha tho t following fol tol- foI- foI lowing to t 3 say on tho possibility of or Us Its dl dividends fd being increased Investigation Into th the tari earning power of t de develops de- de Amalgamated Cop Copper pel com company ample basis for th the expectation that ulven Rhen K N K continuance of cent 14 copper cop Cop- JI per r the te directors will nih f con consider at an early dat date data an increase In Iii tho the resent reent 2 Z dividend Amalgamated a as IJ 1 is I well known I H Is purl purely 8 a. a 8 holding company deriving Its If In Income Income In- In come primarily from dividends on th the 3 l O Anaconda In fn its iR 1 treasury rCa I r as well el as from tom its I ownership of ot lh the thC Unit Unit- Q A d Metals S Selling ln company the te latter laHer also being Ing the te owner onel of ot s han har g of International Inter Inter- Inter national Smelting and Refining company compan I stock Block to As c Amalgamated owns OJ nun mor more th than n two malama shares of or Anaconda for every share of ot its Is Ison own on stock the stock to tho exact ratio rato b being shares hare of ot A Anaconda and 1589 shares bar B of or Amalgamated It lias for a long IonS tm time been en enin in Ia po potation to pay f 1 i S in dividends so o Jon long ong longas as Iss Anaconda paid 2 At tho Ire present nt time 8 both both ar arc arp paying the same dl 4 JS por Ib Amalgamated therefore h has pr be been n adding to Its Is already Alread lug large cash Ch surplus and Is in splendid position to Increase its is disbursements Unless un unless un Un- 1 less 6 It Is con its is cash for fo th the r re retirement re I nt at maturity n of it its t year two 6 5 pet per cent enl notes note dat dated dat d April Apri 1 1 1911 Ul These TheRe notes lotes' lotes are now strongly quoted ed d at a Floating Debt On April Arl CO Q 0 last lart Amalgamated tel floatIng floating float float- tOlt ing debt including notes siren given for the Clark Cark properties amounted j cn to hut ut against this It bad cash assets of a. a a of ot quick assets of ot ottOO tOO In taking takIng ve the United Stat States s Metals Selling Seln company the company com coin party pany acquired about abut MOO net ca cash h in addition drilon to worth r at par pa of lt International Sm Smelting and R Refining compa company com corn pa pany stock Anacondas Anaconda's Jower power may be thus stated Two To hund hundred d and v nty n million pounds of copper pp r rs s old or at a R profit of or 5 S cents per por pound a. a cent 14 copper market markt mar mar- ket kt and a cent 9 9 co cost nar- nar Initial Equal per pcr share harI on shares Anaconda 3 Three c doJa dollars per p r share pharo on 01 Amalga- Amalga Anaconda shares would amount to 1611 61 per share hare on mated's capital As 8 th TO exists some sonic cont confusion lon in respect rf- rf ro- ro pp fp ct to the tho status of Anacondas Anaconda's present the fol- fol outstanding luu capital f table which explains tho the situation situa lion Ion Total stock Issued Isue Old minority stock Butte Coalition distribution distri distri- Bulc 2001 Parrot Parrot uton distribution o I Minority In Alice Uco Ice Co Total 1 In treasury 0 of Amalgamated Grand rand total total The same lamB old disparity between the selling Falling prices of Anaconda and Amalgamated Amalgamated Amalga Amalga- mated still sti exIsts 1 With lh Anaconda at It its Ibe present price e. e Amalgamated theoretically cally cab is li worth orth pr while it I sells sels at 65 6 Ih The recent t tendency In tho stock stOk market mar mar- Jet ket The howe however r. r has been to t close cafe up tp ip this decline In Anaconda disparity by br a a Reduced to tabular form th the tho relative o Belling values alu of or tho the two two stocks may be thus set forth 1 Amalgamated shares hare at 65 n. n Add ad d floating debt debt Total Deduct cash assets 0 Net t selling Value RUO Amalgamated Amalgamated Amalga- Amalga mated 3 assets ehL s Equal pr per r share of ot Us its Ana Ana- ina- ina to Is Isna 31 1 Present market price of Anaconda Anaconda Ana Ana- conda cand Nothing has haM been ben Mid Bald officially as to toan toan an any plans for far tho the lU dissolution of ot Amalgamated Amalfa- Amalfa Amalga Amalga- mated mated mated-a. a. a reasonable expectation In view of the dissolution of ot thc te Butte Rute Coalition Mining company also als' a a. a holding company proposition There Thero would seem to bo be no i good gl bui reason renson why hy the existence of or Amalgamated should hould be In Indefinitely In- In definitely perpetuated |