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About The Sumpter miner. (Sumpter, Or.) 1899-1905 | View Entire Issue (July 27, 1904)
Wednesday, July 17. 904 THh SUMPTER MINER ij , 1h SEMI-ANNUAL DIVIDENDS There were 132 incorporated mines nnd metallurgical companies in the United States that reported to the Engineering aud Mining Journal dividends amounting to 164,891, 170 for tiie six months ending June :J0. Compared with tbo corresponding period last year, there Ib shown a falling off of three in the number of companies reporting, aud of 316, '252,775 in the profits divided. The principal cause explaining this large decrease was the suspenBiou of divideud payments by somo of tho moro important industrial combina tions that had guaranteed at tho tituo of organization from five to seven per cent anuually. To somo extout also the lower prices of copper and speltorjthis year have affeoted ceitaiu low grado mines that paid dividends in 151011. On the othor baud, tho improvomout in tho silver nnd lead markets has ponnltted tho payment of quarterly dlvidouds by the smoltor trust at tho rato of ilvo pur cotit per annum in the common stock and eovon per cent in tho pre ferred. In detail the dividends paid in the half-year just olosod aro given bolew: Copper, S10,:Wi!,5-16; gold, silver and load. 88,650,515; quicksilver, $!)0,000: y.i in;, 8U'2:t,(Ml. total metal minus. 8l,tM7,0!W. Coal and coke, 811, M7, 625; iron mud stuol, 811,525,2111; oil aud giiH, 825,207,220; miscellaneous, 82,- o:$0,550; total Industrial. 845,191,- 114; grand total, 861,891.17 6. Of thoso dividends twoufy-six wore regular monthly payments, princi pally by mines in Utah and Colorado, that yielded as high as foity per cent per milium. Thirty-eight paymonts wero made quarterly, chiefly on tho proforrod stock of tho industrial com binations, which deolaro at tbo rato of seven aud oight per cotit per nu llum. Of the remaining sixty-eight .companies only ight pay soml-auiiual dlvidouds, while the others distribute profits at irregular intervals or have made their first paymout. Tho two largest dividend payors in the United Statos aro the Standard Oil company, controlled by a fow pooplo, who bavo received 82!l,280, 000. or twenty-four per cont, and the United States Stool corporation, which has paid 812,610,994. or three nnd ouo-bnlf per cont for tbo balf-yoar to thousands of its pro forrod shareholders. Foremost in tlit) niotnl mines list stands tho Cal umet v, HuqIh copper inlno, in Mich igan, with 82.000,000, or eighty por cent, on tbo par of 825 pur share for tbo six months, paid to a small nuui linr of shareholders. Calumet & llccln stook is now quoted at oightoon times its par value, and at 8150 yiolds a fraction over eleven pur cont pur annum In dlvidouds. Its rival, Amalgamated, with a capi talization sixty-two times gioater, paid only 81,fi:i8.H0(), or ono por cent, on a par value of 810 J fr tbo balf-yoar to over 18,000 stock holders. Amalgamated shares aru soiling around half thoir par value, and at 850 yield only four per cent lu dividends annually. Tbo gold, silver aud lead prop erties pay tbo larger number of dividonds, usually in small in stallments. Among the hotter paying mines aro tho Camp ttird, of Ouray, Colorado, which, up to tbo end of June, has paid at the rato of twenty per cent per annumon a par of 85; Silver King, of Utah, forty per cont on par of 120, aud Portland, of Cripple Creek, twenty four per ceut on $1. It is interesting to add that the two best paying low grado gold mines are the Homestake, of South Dakota, which distributes throe per cent in dividends annually on a capitalization of $21,840,000, aud the Alaaka-Treadwelll, on Douglas island, Alaska, which will divide this year seven aud ouo-balf per ceut on a capital of $5,000,000. Tbo magni tude of these two low grado prop ositions will be buttor appieciated when it is learned that, tho Homo stake mlue milled iu tho year ending June 11 ,190!), a total of 1,279,075 tons of ore, which yielded an average of $3.54 per ton in bullion, whllo tho Alaska-Tread well, iu the year euding May .'to. 190.1, stamped 756, 325 tons, with an average assay valuo of $2.09 per ton. The quicksilver mi no reporting divideuds is situated in California, and of the six ziuo properties tbo Now Jersoy Ziuo company is credited with the largest paymout, $600,000, beiug at tho rato of twelve per cout por annum. Tbo industrial dividends, led by Iron aud steel aud oil, still contiuuo tbo bulk of the paymonts, owing to tho heavy capitalization of tho com binations. The coal aud coko prop reties, with a few exceptions, aro not. yielding as well as a yuar ago, as a roault of tho present slackening of activity iu all lines of manufacturing aud particularly in the iron aud steel tiades. In addition to the dlvidcdus enumerated above, thoru bavo boon naid $1,158,450 bv ilvo Mexican. and 8132,000 by two Central Ameri cans gold, silver aud copper mines, in which Americans are interested. Upou the whole the showing made by the first half of 1904 is a very fair ono. aud it is quite possiblo that it may bo equaled, if not exceoded in the second half of the year, now beginning. Engineering aud Mining Journal. PERMANENT HOME MINING GONGRESS The growing prestigo, tbo in creasing influence of tho American Mining congress has mado it neces sary that it should have permanent headquarters iu some city which dominates the mining regions. This is the conclusion which tno ofllcers of the organization have arrived at, and they have therefore determined to have the matter settled at the forth coming session at Portland, Oregon. This association has been in ex istence for seven years, aud it bus never bad a permauout home, which suoma somowhat surprising, consider ing the importance of its mission aud the lines of activity which it is following. No inie realizes the need, however, more than the men who are guiding its destinies, aud it is now determined that some western city , will be selected for the establishment J of hoadquartroH, the citizens of the favored place being expected to pro vide, or assist materially in provid ing, for a suitable building. The building committee which has this matter iu baud is composed of Thomas lowing, of California, David H. Moffit, of Denver, aud J. It. Leouurd, of Pittsburg, but the selec tion of a site rests with the dele gates to the next cougress. The Portland gathering wilt therefore be eulivened by an interesting contest for recognition on (he part of various cities which will likely put in their claims, the usual fight for tbo noxt meeting of the congress thus being thrown into tho shndo by tho moro important ono. It may bo said, in fact, that tho two tights will ne merged into ono, for the city which gets tho headquarters may also get tho session. Denvor and Salt Lake City aro making an active effort to securo the permnnent homo of the cougress, aud 101 Paso is said to be preparing to enter tho contest. Doubtless others will spring into notice within tho nextfow weoks. Denver was the birthplaco of tho American congress, that is, its predecessor, tho Inter national Mining congress, aud this is one of the nrguments that will be brought to hear upon the delegates at Portland. Tho first session was held in this city iu 1897. Tho ucxt meeting placo was at Salt Lake City in 1898. Tho name of the organiza tion was changed to the American Mining congress in 1902, mid tho first session of tho now organization was at Deadwood last year. It is reported that Salt Sake City has already pledged 820,000 toward a building for the permanent head quartern, aud tho Commercial club of that city will send a representative to Portland especially delegated to cany away tho plum, if possible. The Chamber of Commerce of Denver is also iu the fight and II is under stood tnat. its president, will go t,i Oregon on a similar mission. The interest that is being taken iu this matter goes to show what, im portance tho two cities attach to the honor. There is no doubt that tho future power of the congress iu de signing ways aud means for tho ad vancement of the mining industry will direct no little attention to the city which aiaims its headquarters. Naturally it should ho a city whose pooplo have somo interest lu mining, and of oourso it will be no othor. Tho work that is before the cougress is of great significance to mining communities aud mining men and they will certainly see that the organization is appropriately housed wherevor the place may bo.--I)ally Milling Koonrd. CLIMAX TO MIGHIGANDERS V. R. liishnp, one of the main owners of the Climax iu the Cracker ' Creek district, arrived today with 10. 1 1 ZimiiiH. of Houghton, Michigan, roprcriontnig the investors who are to take over this propmty. Accom panying these gciitleinee was Captain 'A. Case, former siipeiiuleudenl of the ( Columbia, who is to make an iu spectiou of tho property with Mr. ZimuiB. Mr Jlishop declined to give out any flguies iu regard to the tiausao tion, but said it had been olubiid, and tiiat the new people would soon be upending tho pioporty. It in favoialily located aud the showing so far has proved very satisfactory. ' Tho new people, it Is undeistood, will operate on an exclusive scale. Mr. Zimms is a Houghton man who is thoroughly advsied in mining matters. i R. Ti. Kniiimn Whitimv. (li-numi. i . ... ... ..U.. ....... ........w,, w.ww.., , lumber, sash, doors, shingles, build ing material, mining timbers. THE IUMPTER GOLD BELT MINING COMPANY CAPITALIZATION $100,000 F. C. KHODIK, - President M. F. MUZZY, - Yi,t, President F. O. M'CKNUM, Sec. and Trcns C. II. CIIAKCK, - Attorney O. II. FtiKNKK, - Kngincor 0PERATEs"li1tNES IN THE GREENHORN AND SUMPTER DISTRICTS Sumpter, - Oregon THE NATIONAL BANKER 4 II Li Sill St. CHICAGO, ILLINOIS A journal of National circulation. Is read by bankers, capitalists, in "esters, retired merchants. 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