Bisbee daily review. [volume], June 21, 1908, SUNDAY EDITION, Page PAGE SIX, Image 10

About Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971

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PAGE SIX
THE BISBEE DAILY REVIEW, BISSEE, ARIZONA, SUNDAY MORNING, JUNE 21, 1908.
Mining, Smelters and SiocR Quotations
Prank J. Graf
(ESTABLISHED 1903)
BPOKEP
THE DIVIDENDS
IN ILL METALS
IN FIVE MONTHS
TRYING WEEK
IN THE MARKET
IS JUST CLOSED
THE COPPER HOUSE OF THE WEST
SPECIAL WIRE SERVICE TO ALL MARKETS
STOCKS HANDLED FOR CASH AND ON SUBSTANTIAL MARGIN
C0PPIR QUEIN HOTEL,
PH0WE 1 1 1
BISBEE, ARIZ.
i -
I I ' l " "V"P"""SS""
-gjgJM
.& F - jT, . n. ." BBh.
Jm wg.
BflfeB. ,"a
' SkMk' anW
m ---nsH
Forty -seven Companies This
Year So Far Have Paid
$1 6.004,755 to Stockholders
Copper Returned Big Profits
To pay divtdena., aggregating $16.
0O4.75C in tae first five month-, this
year a period ;n which the market
price- of bilver, copper, lead, (spelter
and other products have reflected the
paui 01 last fall is an admirable
record, according to the Mining
World, for 47 mines and metallurgy
oni work in the United States.
A compilation of the profits dis
iributtd bj these 47 corporations
sinc their organization show- Cm
have iaid dividends amounting to the
fabulous sum of $411.-i60,011. On the
outstanding capitalization of $364.
455,030 the dividends declare-i bo date
show a return of 114 per cent.
In addition to the above dividends,
four muu mn holding corporations,
including the Amalgamated Copper
company, paid this year $3,574,549
making a. total of $73,716,209 since
organization, equivalent to a return
of more than 3ft p.r cent on the out
ata-dteg share capital of $241.2(K).O0O.
These securities holding corporations
are financially interested in some of
the largest- copper and gold and sil
ver mines in the United States.
Large profits also have been earned
by nietul saving agencies. One oi
these the Unitfd Metals Selling com
paji which U affiliated with teh
Amalgamated Copper company, paid
a dividend this year of $625,000, niak
ng a total of $6,250,000 since organl
ition in January. 1900. with a capi
talization of $5,000,000.
Copper mines are the best paying,
the dividends of 11 for the first five
months this year amounting to $5,
681,762; equivalent to nearly 10 per
rent on the issued capitalization of
$58,775,000, the low" market quota
tions for the metal notwithstanding
Since their incorporation these. 11
coppc-r properties have ,ut to then
shareholders dividends totaling the
enormous sum of $261,494,954. which
is nearly five times the issued capi
talization. First place this year Is
taken by Anaconda of Montana, an
Amalgamated prot--ge, which has paid
a dividend of $1.30,RH, bringing the
total to date to $39,000,000 on the
capitalization of 30.SOO.000
The great Calumet & Hecla mine,
capitalized at 2.500.f';0, and with div
ider.is of $1i6,!50.00ii to its credit,
disbursed $1.00,000 so (ar this year.
Boston & Montana, another Amalga
mated protege, declared . $900,000
in dividends this year; making tie tol
tal to date $S7,2500 on a capitali
zation of $3,750,000. The Ama.gam
ateu Copter compiny. whose divi
dends are reported '" tnose oi
other securities holding corporations
markets quarterly payments at the
rate of 2 per cent per annum on its
outstanding capitalization of $153, 117,-900-
to date the dividends sum up
$55,696,261. of which $l..r3S.S7S liai
been paid in t-e current year.
Twenty-nine gold, silver and lead
properties, having outstanding -.
157,200 In stock, dtclared dividends
of $3,497,399 for the five months tun
year, making a total of $74,916,839
elnre organization. Tne Homestake
gold mine in the Black HlUs of South
Dakota maintains the lead this year,
distributing dividends of $546,000 In
Ue months, which is at the rate of 50
cents a share a month, or 6 per cent
per annum on the capitalization of
$21.S40.l00.
To date the Homestake. one of the
be-4 paring low grade gold mines In
the world, has mailed Its sharehold
ers divldmd aggregating the large
total of $16,626,350.
The, Bunker Hill & Sullivan silver
lead mine in the Coeur d Alenes in
ldal.0 has an enviable record having
paid to date no less than 10.146OO
in dividend- on a capital of l-.Ow.
000 In live months this year the
Bunker Hilf A Sullivan mine yielded.
dividends of i.toi'.uw. n'' "
CHAZ1
Z5 E'SlttS KVQHE&
Whose successful campaign aga, nst race track gambling in New York
has not increased the governor's pop utanty in a general way in the Em
pire State.
COPPER "OUTPUT
PAST FIVE MONTHS
BOSTON, June 20. During the per smelters in the Boundary- dls-
ruonth of May there was an increase trict have just resumed operations
of about 3.500,000 pounds of copper which will add over 1. 000.000 pounds
output as compared with April, but of copper per month sf the Caaad.
. .Ail
Most Notable Stock of the
Week On the Curb Was
Greene Cananea The En
tire Market in Good Shape.
(By Frank J. Graf.)
The week just closed has been a
most trying one. and an uncertain
one regarding the un rtainty of the
outcome of the political situation upon
which depends a great deal for the
future of the New York and Boston
copper markets. The first part of
the week there were various reasons
far the dullness of the stock market
as compared with the recent activity
that had been displayed, and trad.r
were holding back awaiting the final
outcome of the Chicago convention
The close of the week would lead one
to believe that the entire election or
rp.thcr nomination had been already
discounted, for it was almost a known
fact that the Taft-Roosevelt faction
would be nominated. The fore part
of the week discounting the nomina
tion soon caused confidence in the
:narki t. and stocks were well bought
and protected, and better prices pre
vailed. At the close, however, the
bear element took the market in hand
Which soon caused stocks to get to
'-- i'v-1 before the opening of the
production was still about 8.000,000
pounds under May of last vear and
13.000,000 pounds under 1906. due
largely- to the continued shut-awu ,n
the Cananea properties and to the
falling off in Butte.
The Bo-ton News ilureau figures
the production of copper In the I'nit
d States. Mexico and Canada for
May at 90,880.300 pounds, compared
output.
WALKER BROS.' LEI fER.
(Special wire toL. J. Overlook.!
NEW YORK, June 20 The um.
ket after opening weak and under
good deal of pressure, became steady,
and the selling seemed to come from
shorts. Later prices braced up and
wilh 98,500,000 pounds last year and became steady and inclined to be
lfS.800000 pounds two years ago. strong. Trad rs covered ana thero
The total production for the first was not the nervousness of yester
five months of this fi- a! ar we es- I day. The bank statement was about
timate :-s follows: as expected. Look for fairly aclve
For 1908: t market next week, but largely con
i t Ntw York markets showed a
considerable falling off of prices, as
well as the copper securities. The
most notable of the copper curb
stocks, was Greene Cananea. which
made a good advance during the fore
part of the week, when there were
many sales made as high as 11 1-3.
but apparently the price was too
tempting and brougfrt a great deal
more stock than the market could
handle at times, causing a decline of
one point from the high point o the
week. The unofficial report of the
Copper Queen buy ing up the .Shattuc f
Arizona for $3,500,000 was without
foundation and most unreasoiabl0. In
the first place the Thattuck Ari-itis.
people would never consent to ru h
a Ptnire. as the property is worth
much more. It had been repor-
that the Copper Queen did offer tne
S. attuck company $10,000,000. which
would be more reasonable. The mar
ket for the stock Is still strong at is.
with none being offered even at bla
prices. The entire copper market .
in very good condition, in spite of the
poor demand for the 3.etal.
Amnion mated 6,. 50
Allouez 2?on
American
January . SS.M0.DO6
February 65.036,750
March 7M06.7M
April 87,5
May 90.8Si..;o
trolled by traders and crop talk will Bingham
Total 389.505.559
For U'0.:
January 84.935.143
begin to be felt.
LOGAN A BRYAN
list
Butte Coalition
Calumet & Her:a
Copper Range
Denn Arizona
invu rtetiv
Granby W0.00
(Special to L. J, Overlook.)
NEW YORK. June 20. The
closed generally higher with the ex- Greene Gold Sliver
ception of Rock Island issues, whica Helvetia .
February S5.278.160 L were under pressure on repin. ui Isle Royal
March 1o2.49j.230 ' noor earnlnes. Trading was not erv Mona-wn
April 96,567,700 active and seemed to be mostly on an
May 98.500,000 evening basis. Public interest has
not been very large for some time out
2-i b
75
2z.i
'j&O CO
72.51)
1.38
Total 467,776,233 on declines the investment inquiry
svr MM: ! ia of a rood cnaracteT. The bank
January 97.296,400 statement was a good one.
February 89.205,800
March 96.480,081
4 ril 98.044.4W
We are
inclined to think that the list will tee
higher levels next week.
o
May 103.800,000
TO PRESERVE FORT HENRY
Total 484.826.61
For the first fixe months of this
BALTIMORE. Md.. June 20 The
General Society of the War of 1812
year the production of copper is near- held its biennial meeting at the Bel
"v 80 000.000 pounds behind last year, vedere hotel In this city today. The
' There Is now practically no restrlc- meeting was attended by delegates
n nr mnrxT nutnut in Arizona and from a number of states. A resolu-
.,. ,.A,oc, tfeor-o A nrenared to flnn was fldonted UTZiUS the war de- I r,iVnn
add several million pound'' ' copper partment to maintain Fort Henry, Missouri Pacific JJ-JJ
ner month to tne country s ouipui nn.cn iu.nui.tii uuc wsiniunm . -- jjoutnern rav-m--
.... - I m.. ; ,.f TVm Qt'i,- QrMiTur'r'H Pin- i. ...
wven conditions improve. wmiiwaius v. " w. i --- r.-nn: . n.ui
18. 62
59.50
6.12
67.00
92.00
84.50
Newhouse
North Butte
Osceola -.
rVtiinov .. ... ........
Shattuck li-JJ)
Tamarack a'-
Inited Copper ' "
Wolverine ft Arizona s-
Warren
IVack Mountain ':
Nevada Utah
Butte London
Superior Boston
ll(UMi-u:
Massachusetts
G'roux
Arcadian
3.75
.:;7
3.62
S.'b
S.2F,
3 50
3.75
t r--.nfv.T-nisi the Mannoth company . ner." as a military post for all time.
smelter is turning out a materially with regimental headquarters and a
increased output and the Bully Hill . band, if possible.
company Is now a factor and is send , - Q- -
r,e its mine to the Mammoth smel- j The bankers understand what Mr.
tor In l:tah the loss or -ne uig ur.-au mui u. .u 6.a.ura. ..
1" 'ner cent on the capitalization. The .-j ted states Smelting plant keeps another, but what they want to know
J- " v,r" ' .. t , TL,lor,H -- ii. ,. T,n fa wlu.ll.aF trtft nToairian tnl canHlHntpfi
Maska Treadwelt on oi'uB. ..-.. down the output, in i. -10. - --."-. -- .. -
Alaska. capftaT5-d at $.,4t0e. has jy Coh-mWa and Dominion Cop- , are prepared to do as much.
paid $::oO,0OO in diviaenus s . "
year, makit.g the total up to dato
$9.2i5.000.
The Caiup Uird mine at, Ouray. Col
rad. in wiich Uritltft. .,.!
largely interested, paid ddX
yir of $393,000, and since frgariza
tlon has distributed $4,124,904. on
$4,100,000 issue share-capital.
PAINE WEBBER A CO. ON COPPER
Sfi.25
120.75
80.87
19.25
145.25
46.00
130.25
37 38
123.87
86.00
GIANT SKELETON
FOUND IN MEXICO
(Special wire to U J. Overtook.)
BOSTON. June 20 The market ral
lid easily on very small transactiou
On a rumor that Adventure jad
struck the lAke lode, the stock lx
cme acUve and strong. North Butt's
and Range were strong with no t..ck
in fight. We expect bftter ;.ncs
the latter part of next week.
. o
E. F. HOTTON CO.
(Special Wire to L. J. Overlock.)
NEW YORK. June 50. Thr niu
Sictlo-i of corporations in 'A n.atter
t passing and redadag divut. nl- j
the result of compete cessation of
buine- ir. the recent elsh- mon.h
anr: a most conservative polio M
it-i, pur-ued. Fundame--tal coi.rii
lioi U- .. return to indu-vtr.s .v
it, owe nver brighte- la aj al
political , utloc and a re-urnptl"n of
f-arnlna-. wlereby -reV.-l.y dlvj
dendi w.ll te restore.l "r" '"t"
lv cut or passed. While the I"?
mav be .low. we favor the purchase
of -,s- . ra on all setback
o
Charles C. Clapt a Boston broker of
19 Congress street, who has recently
returned from Mexico, tells a remark
able story of the finding of the com
plete skeleton of a man who In life
walked wtth his head nine feet above
the earth. Mr. Clerk said:
"Iate one night, while we were Bit
ting in the camp, a shot was heard
from the distant hills A party of us
started oat at one- to inveatkgate. for
when the sound of a gun is heard in
the State of Jalisco It means that a
white man Is shooting and that tie
means busli
' W'e finally located the forman of
the mines, who said that on going to
the window of his hut he had aeen
two shining eyes below and had fired.
knowledge of the human frame, but
picking over the bones I was able to
articulate a complete human skeletoa,
which measured Just 8 feet 11 lnchea
"The femur measure up to my thigh,
the ribs were mare like those of a
horse, the. molars were big enough to
crack a cocoanut. and the head from
front to back measured 18 Inches. I
Imagine there were enough of these
bones to make 200 complete skeletons.
"The cave was evidently the burial
place of a race of giants who antedate
the Aztecs, and who subsisted upot.
the abundant game of the locality. To
gether with tb bones, among the va
rious relics found, was a massive stone
hatchet, weighing 30 pounds.
"The Mexican government holds a
jealous guard over its relics and bur-
Mr. Hearst, who is now trying f
of the
. .. ,i.. IV-mnrrstiC W.TIV , mi"
... - .. , r.rfr.,iuicnc
S-i, -oeiatior. of n
clubs, and as been .using - ' "
0t -hat ..r.a-izatior, to l.uti.i in. '
r. ,., !,aue. If that
5SSer..J heek. what
we at once started an the hunt, wit led treasures so that in order for the
men and torches atid discovered bones to be brought from that country
inra r,t a wounded mountain lion. Foi- for American scientists to study, it
lowinr the trail, we came to a cave, will be necessary for some noted arche-
fhe mouth of which was blocked up ologlst to go down and arrange for
o !b atones with the exception of a thir removal. I int nd to see Profes
small hole where the stones had been aor Alexander Agasslz In regard to my
clawed awav evidently by some wild discovery, and see If some attempt can
animal. made to secure some of the bones
We crawled through 'his hole with to bring here.
our loaches and found ourselves in a "1 have already Interested Roland
A. T. S. F
Erie
Union Pacific
B. R- T
Grt at Northern
IT. S. Steel
American Sugar
na- ....
.-' " ,co fUV
Canadian Pacific AT,
Anaconda .
Atlantic Vt'o
Arizona Commercial
Boston Consolidated ""
Calumet & Arizona 10-?
Centennial z, i.
Cumberland Ely '"
-i T7, 11M
Hill. TT CDfc
East Butte
Globe Consolidated
n ne Canaiv a
Hancock
Keweenaw
Nevada Consolidated
Nipissing
Old Dominion
Pzrrott
Shannon --
Superior Pittsburg J2
Trtnlt '.'. 4.75
Victoria 13fll0
0.12
5.38
10.25
4.00
6.25
11.87
7.00
34.62
r;"
13.50
123
Wolverine
("tah Consolidated .
Utah Copper
Rutte Arizona ...
National
Kav en
Franklin
MicMgan
Santa F
r. B. ..lining ...
Rhode Island ....
Rock Island
St Paul
New York Central
L. It N
Northern Pacific . .
Southern Railway .
Reading
V V. I
C. S. 3teel. pfd.. . .
American Smelters
O. ft ff
rr, 1 nlon . .
o-
41
'. 31.25
46
IjOO
9.5'
D.f.O
1.S'.
, . 36.75
S3"
. . 17.00
13? '
'.. 103.50
. u.;;37
. . lajT
. . 17 25
11M2
. . 26.25
. . 101.25
. . 75 62
. . 40.50
56.00
.,.,.- i iTnitoH fitntM Treas
ak.ng until we Thomas, the magazine writer in these feTeriBh haste to
r-.ment. He. prehistoric remains, and I expect that "" ,. . ourrenrv before the
print
the new currency before the
Br I r,t
cave (PBH
,-,i.. to'a suae., i. ...ar-.ment. Heire. prehistoric remains, and I expect
strewn about on 'h ficor of the cave be wijl shortly .visit the seen- of my bank8 ;ltkVe erea applied for It, It
i of human bones, discovery, and prepare a report which there Is no fear of a recurrence ot
to sae any sdentlflc will bo given to the public later on." ithe panic?
Mining and Power Machinery
Engines, Boilers, Pumps, Turbines, Generators, Motors,
Electrical Supplies, Nftne Cars. Raite, Direct Acting Hoists.
Geared rtatets, Electric Hoists, Air Compressorj, Rock
Drills, Electric Drills, Mme Cages, Castings, Forgings and
Supplies. Complete Equipment for Mines, Copper snpelt
:i and Converting, Stamp Mills, Ccncentra-tors, Cyanide
slants, etc, Send for quotations and Catalogues fcr any
thing you may need, Prompt attention to all inquiries.
Carl Clausen Engineering Office
fKS'K
BISBEE,
ARIZONA
Up-to-date Plumbing and Jobbing
Guaranteed Gas Fitting
and Repairs.
WE FURN-tSH E8TIMATE8
ON YOUR PLANS
Modern Plumbing &
Boiler Company
THE ONLY BOILER REPAIR
SHOP IN THE CITY.
8team Heater and Boiler Re
pairs our Specialty. We inspect
your boiler; atop your leaky
flues. Make your old boiler good
as new.
JOHNSON. BUILDING,
JOHNSON ADDITION.
PHONE 107 L. BOX 2301
BROKERS' AND MINING ADVERTISEMENTS.
TESTER HICKS
-INCORPORATE!
BROKERS
J
Warren District and Unlisted
pper Stocks our Specialty
We buy and tell stocks if all
ntarketa.
SUOTATIONS CHEERFULLY PUR-MI8HED. CALL, UP PHONE 448
Ground Floor
ALXT SLOCK
Near PostoJTrce
T. A. HUGHES
FIRE
INSURANCE
Representing a long list of
oM and tried companies.
Policies carefully and cor
rectly written.
Rates quoted promptly upon
request
ALLEN BLOCK. Phone B 470
Copper Queen Consolidated Mining Co.
REDUCTION WORKS
We are now in the
market for the purchase of
Copoer Ore a"d Copper Matte
CORRESPONDENCE SOLICITED
Aoarei
Copper Qneea Censoiidaad Mining Comuj
GENERAL OFFICE
DOUGLAS
ARIZONA
I -.
DR. H. A. SCHELL
Eye Specialist
Will next visit Blsbee, Naco and
Douglas about June 10th.
33 N. Stone Ave., Tucson, Arts.
DON'T
RISK
The chance of being swept fiaaa
dally oat of erlsteaoe by ner
lectlng the matter ot Bra la-
It la a short-sighted policy.
When well insured, you feel
the solid rock beneath your fee.
The ringing of the Bre-bell doea
not give you nervous prostration
and you can go to sleep at night
feeling that the touch of a match
can not spell your runt.
I would be glad to show you
some flgurea on Insurance. Pos
sibly you save wrong Ideas on
the subject of rates.
T represent a splendid Una of
companies.
B. J. O'REILLY
REAL ESTATE A INSURANCE
Bank of '
l. j. Overlock Broker
Direct Wire
To All Exchanges
Correspondents,
LOGAN A BRYAN, CHICAGO.
PAINE. WEBBER CO., BOSTON.
mBmBB0mmmmmB0Bm0tmB0BBBBmm0mmmmmmmmm00m0t
THE HOME OF AfllZONANS
-
HOTEL ORNDORFF
EL PASO. TEXAS
wmmmmmmmmmm jo w mmo9m9mmmmm-
WKBB0UB000BBB00Bt0B000000B00G00000B9000B00t000Bt90BB mmmm
LADIES READ
Have an elegant factory line of
I BELT PINS HAIR BARETTS LAVILERS COLLARETTES
At Bargain prices for a few days only.
A Regular line of Watches, Diamonds and Jewelry.
EYES TE8TED FREE.
Fine Watch and kwelry Repairing.
C. M. HHNKEL
TWO DOORS FROM M. M. BANK. BISBEE, ARIZONA
CUSTOM ASSAY OFFICE
Assayers. Chemists, Metallur
gists. CRITCHETT A FEROU80N,
Successors to Hughes ft Ctitchett,
Agents for Ore Shippers,
112 San Fraaoiaoo St. Si Paao. Texas
D. S. Heller.
H J. Wright
HELLER A WRIGHT,
Assayers and Chemtatt,
Metallunrlcal 4 Minin f.naine-n
Represent Ore Shippers
to Douglas Redaction Watts.
I nnrroT .as. arisona
wo , e
IMMEDIATE RESULTS
ARE OBTAINED FROM AN
INSERTION OF A
WANT "AD" IN OUR.
COLDMN8.
4
a
H. W. JORGEN8EN.
CIVIL RNOINEER
I Ba-Tjaby BulMlng, Btsbee, Arlt, 4
DR. Depttty Mineral urveyor.
wwwwww4)ww4)ww
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