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News of the Mines, Metals and Stock Market Certainly the continued low prices of silver, copper, lead and zinc and tho curtailed production of these metals, in addition to the interrup tion of mining in various section by reason of heavy snows, labor troubles an 1 other causes, do not bespeak con fidence in the dividend paying power of the mines and metallurgical works. And yet, nut ,vit*.-e .Hiding all these adverse factors iiw i as than 49 American mines and metallurgical works, according to reports made di rect to the Mining World at Chicago, paid dividends amounting to $10, 258,tin for the first two months of 1910. These 4 9 concerns have declared in dividends to date the enormous sum of $349,824,508, which, on an Issued capitalization of $350,470,262, shows a return of 99 per cent. It should be stated that this record does not in clude the profits divided by five se curities holding corporations, which, for the' two months this year, amounted to $1,800,000, making their total disbursements $95,251, 2 51. On an outstanding share capi tal of $215,316,000, this makes a re turn of nearly 4 4 per cent. In ad dition there has been paid by one metal se'ling company—the United —which handles the product of the Amalgamated Co., and other large interests, $250,000 in dividends this year, making a total for this com pany of $10,250,000 since Incorpora tion in January, 1900, a return on the $5,000,000 issued capital of 205 per cent. Of the 4 3 mines paying dividends this year 3 4 are included in the gold silver-lead classification and paid $4,837,131. These mines have paid to holders of stock, since incorpora tion, $105,155,382, a return of 89 per cent, or nearly equal to the com bined issued capital of $1 19,394,423. Twenty of these 43 properties arc located in the United States, and they contributed to the two months' total $3,34 4,891. Since incorporation these companies have divided among shareholders $79,459,325, a return equivalent to 86 per cent on the $86, 050,868 issued capital. Three Ne vada properties—Goldfield Con., Tonopah and Goldfield Alamo—con tributed nearly half of the total credited to the United States for the two months of 1910, as follows: Goldfield Con., $1,779,549; Tonopah, $350,000 and Goldfield Alamo, $21, 000. Six Utah companies contributed $519,664 and three Colorado com panies, $286,500. Seven Canadian companies, all but one (Hedley of Rrltish Columbia, paying $36,000) operating In the Cobalt district of Ontario, contribut ed $1,104,640, making their total to date, $10,504,586. a 58 per cent re turn on their issued capitalization of $17,943,555. Nipissiug leads for the year with $450,000 and Crown Reserve is second with $265,328. Six Mexican companies are includ ed in the 4 3 gold-sliver-lead proper ties paying dividends in 1910, and they distributed among shareholders, $372,500. Since incorporation the dibursements total $12,296,471, an 88 per cent return on the $13,900, 000 share capital. Included in the 4 3 mines paying dividends in 1910 are nine copper properties all in the United States, which contributed $2,824,490. These nine copper mines have paid to their stockholders since incorporation the large total of $164,958,743, show ing a return of nearly three times the issued capitalization of $54,156, 489 or 304 per cent. The largest dividend payment by a copper mine this year is $600,000 by Anaconda of Montana. Since its organization In 1895 this compnny has paid divi dends totalling $45,900,000 a 153 per cent return on the $30,000,000 issued capitalization. Osceola's con tribution totals $575,900, making Its total disbursements since incorpora tion $8,574,059, or nearly four times its Issued capitalization of $2,403, 750. United Verde of Arizona paid its regular monthly dividends of $225,000 and has to its credit so far this year, $450,000. To date this remarkable property has returned to its few shareholders, $24,697,000 or eight times its issued capitalization of $3,000,000. Boston & Montana paid Its regular quarterly dividend of $300,000 which makes a total for this Amalgamated holding of $61, 325,000 or more than 2 4 times its issued capital of $2,500,000. Four metallurgical works, having nn outstanding capital of $171,419, 350, paid during the first two months of this year $2,317,020, making their total dividend disbursements $68, 260,343, which is a splendid record considering that these corporations have been in existence less than 12 years. The American Smelting & Refining Co., naturally heads the list, having paid so far this year $1,375, 000—$500,000 to holders of common and $875,000 to holders of preferred. Since organization In 1899 this com pany has paid dividends amounting to the large total of $51,588,063— $17,500,000 to common and $34, 088,053 to preferred- making a re turn of 35 per cent on the former and 68 per cent on the latter, each having $50,000,000 in stock outstanding. The United States Smelting, Refin ing & Mining Co., paid this year $307,127 to preferred holders and $243,012 to common. Since incor poration in March, 1906, this com pany has distributed among its preferred holders $6,464,827 and $.,824,714 to common. At the head of the five mines se curities holding corporations stands Amalgamated Copper Co., which paid dividends this year totaling $769,439. Since its organization In April 1899, Amalgamated has been a source of profits to its shareholders to the extent of $71,270,998, earned from its holdings in Anaconda, Bos ton & Montana and other properties in Montana. From reports already made to the Miuiug World the month of March will show a gratifying increase in point of dividends paid over the months of January and February, and this too despite a continued curtailment in production of the various metals and low prices. The accompanying table gives the dividends paid In February, with the date of payment and the amount per share. For total dividends paid by these companies and for dividends paid by other companies prior to February, 1910, see table elesewhere in the mining World. DDIY1DKNDK PAID IN FEBl'KARY. Per Share. Amt. Alas. Mex., Alaska, Feb. 28. $.40 $72,000 Alas. Tread., Alas. Feb. 28 .40 150,000 Alaska-Un., Alaska, Feb. 28.15 27,030 Amalgmtd., Mont., Feb. 28 .50 769,439 Arizona, Cop., Ariz., Feb. 28.30 455,968 Host. & M., Mont., Feb. 15 . 3.00 300,000 Buffalo, Ontario, Feb. 15.03 30,000 Bunker Hill, Cal., Feb. 15.05 10,000 Bnkr. H. & S. Ida, Feb. 4 .20 60,000 Camp Bird, Colo., Feb. 12 .24 196,800 l)r. Jack Pot, Colo., Feb. 20.00^ 15,000 Dolores, Mexivo, Feb. 24 .22 88,000 Elkton, Con., Colo., F* b. 24.01 tfc 37,500 Oodfd,-Alamo, Nev., Feb. 1 .03 21,000 Intnl. Nickel, pfd. Feb. 1 . 1.50 133,689 Lucky Tiger, Mex., Feb. 15.05 35,750 Mines Co., of Am. Feb. 10.03 60,000 Mohawk, Michigan, Feb. 7. 1.00 100,000 Schoenherr-W., Mo., Feb. 30.30 3,000 Snowstorm, Idaho, Feb. 20.01 22,500 Tent. & Hud. Bay, Feb. 23. 3.00 23,288 Union Basin, Ariz., Feb. 10.01 5,770 Untd. Verde, Ariz., Feb. 4.75 225,000 COPPER A.tD MINING REVIEW. Copper Metal Prices Somewhat Faster —Falling in the Drniuml. In its weekly review the Boston Financial News says: The buying of copper this week has not been so ex tensive as last week, and prices are somewhat easier. The trade waited for the publication of the statement of the Copper Producers' Association and has since been Influenced by the fact that an increase in the surplus was shown instead of a decrease as expected by nearly every one. The most disappointing feature of the statement was, perhaps, the rate of production, which averaged more per day than for any month with the exception of last November. It is claimed, however, th t the curtail ment by the strikes a id bad weather during December and January have not yet been reflected In the state ments, and that from now out the production will be smaller. The consumption of copper is larger in this country than it has ever been and the demand abroad Is satisfac tory, but it will take a much larger gain In consumption to offset the large production, unless the policy of curtailment is followed. The policy of curtailment Is the only possible method of securing higher prices for the metal and fair profits to many of the producing companies, but it remains to be seen if the leaders can get together and bring about harmonious action. 1 ne next statement of the Producers’ As sociation will give a good Indication, as to this. The reports from nearly all consuming interests are encour aging except that the wire makers still report a rather poor demand. The whole country seems to be wait ing for congress to act or adjourn before going ahend with plans for the future. The railways are nn Im portant exception, but in most cases they have been forced to add to their equipment and facilities. Trading in the copper shnres during the early part of the week showed a general reaction, prices In most of the prominent Issues sag ging off steadily. There was no par ticular pressure, except In special cases, the selling being well scatter ed and unimportant. This reactionary movement while possibly expected in view of the rapid rise is directly traceable to the conditions in the metal trade as shown by the Copper Producers’ statement issued on the tenth. In stead of another large decrease In the surplus which had been confi dently predicted by prominent Inter ests a good-sized gain was shown, and this was naturally an unfavor able factor niarketwlse. The im provement which had been previous ly noted in the copper shares had been based on the expectation that the surplus would soon be wiped out and that prices for the metal would be steadily advanced and those who had been buying stocks on specula tion for a short period were quick to sell out. On the other hand many strong interests who have been ac cumulating the leading dividend-pay ers for some time did not part with any of their holdings, but Instead they added to them when the oppor tunity was offered by the lower prices. The present outlook Is fa vorable, the market being In a very strong position itechnlcally, but it may be some few days before the movement is again under way. The most important exception to the general weakness has <een noted In the so-called Dow group of prop erties including Franklin, North Lake and Indiana. These issues have been leaders and have been well bought throughout. Some Important developments which have been re ported at the properties have been responsible for this improvement and indications are that they will con tinue to occupy an important place In the market. | There has been a fair demand for the Cole-Ryan issues, but it has not j resulted in such heavy trading as was noted last week. The balance l of the list has followed the general trend without any feature of inter est. I’l'MPS NOW INSTALLED. Will lie I’umping C. & C. Khuft on Comstock to Itottom Shortly. Consulting Engineer Leon M. Hall, who has been in this city for the past week, superintending the instal lation of the auxiliary pumping plant at the C. & C. shaft, stated today that tomorrow or Thursday the new pumps will be running regularly. The centrifugal or turbine pump on the 2350 station has been thorough ly tested out for the past few days and has lifted a big stream of water from that level to the Sutro tunnel drain, a distance of 600 feet, easily and continuously' without showing undue strain or tension at any point. The only setback was a burned out transformer, but that is being re placed. Today, work is being rushed setting up the Worthington duplex plunger air lift pump on the 2400 and this will probably be tested out late this afternoon or early tomor row morning. These two pumps will be pumping out the 2350 and 2400 levels, on regular hours not later than Friday. Mr. Hall states further, that low ering the water in the shaft will be gin this week, and that it is a ques tion of a very short time only to take the water out to the bottom or the 2650 level. The water is now being held at the 2500 by No. 1 hy draulic elevator, which lifts the wat er to the 2150 tanks and it is relayed from there by tne Reidlers to the Sut ro drain. New columns for both No. 1 and No. 2 hydraulic pumps have been ordered, there not being enough on hand to reach the bottom of the shaft, but it will be possible with the supply on hand to lower the wat er somewhat below fhe present level. It is Mr. Hall's positive opinion that the two hydraulic elevators will take the water out of the northend mines in quick time, now that the auxiliary plant has been installed. It is now simply a question of more pump column and turning the pressure water loose. The Reidlers, being relieved of two levels, the 2350 and 2400, will do the rest.— Virginia Chronicle. ANOTHER MILL PROMISED. ROUND MOUNTAIN DISTRICT Round Mountain is showing much life of late, and one of the notable new developments of the week Is the news that stamp mill for the Nevada National property has practically been arranged for. Superintendent Nels Paulson is authority for the statement, and he is in a position to know. The prop erty is being improved and developed a'ong systematic lines. Before going in to Tonopah, Mr. Paulson ordered a lot of rails and ore cars, for the purpose of tracking the tunnel. This material arrived at the mine while he was away, and this improvement is now being carried into effect. The Nevada National, which is lo cated in Paulson canyon, now has a tunnel in over 200 feet, and the ore continues to show good values. One vein two feet thick averages better than |100 per ton. Both gold and copper are found. Two good shoots of ore have been opened up, and it is the intention to sink on the inside shoot and keep the tunnel going also. All the ore taken out of the mine so far Is on the dump, waiting for the new mill to be built. Mr. Paulsen says they have filed on water rights in the canyon which will insure a water supply sufficient for milling operation. RICHER THAN RIG NATIONS. Goldfield Con., Dividend Exceeds (•old Output of Empire*. The immensity of production which permits a single mining com pany—Goldfield Consolidated—to pay dividends at the rate of close to $1,800,000 a quarter—which that company has done the last two quar ters—can best be appreciated by making comparisons. It means, for example, that a few acres of ground In Goldfield district is outputting more gold than is the great territory of Alaska, with all of its mining booms of the past and a production which is entirely creditable. “Compared with the outputs of other countries the showing Is even more interesting,” says the Goldfield Tribune. “The land of the Incas, opened by Pizarro, Cortez and Boli var for the sake of its reputed wealth ranks low when placed alongside the big Goldfield producer. For In stance, the last dividend is ten times greater than the entire annual pro duction of Argentine, five times greater than the output of Bolivia and Chile combined, half as much as Colombia, five times larger than the aggregate reported by Ecuador for 1P08, and within a fraction of equal ling the whole gold output of Brazil, which is larger in area than the Uni ted States. "Venezuela la in the background with a production of but $24,500 in gold, but British Guiana, commonly supposed to be the possessor of some of the most valuable mines in the world, with its output of $1,408,100, is absorbed by the Consolidated quarterly dividend. Dutch Guiana reports but $600,000, while French Guiana slightly exceeds the Consoli dated. Peru and Uruguay scraped up $600,000 between them last year. “On the other side of the globe the gold production is slightly better, al though not in the same class with Goldfield. Japan's yield for 1908 was $2,887,900, or less than two divi dends of the Consolidated. Korea, which is reputed to be the richest gold country of the orient, yielded $3,047,500, and the British East Indies came next with $1,400,000, w'hile Little Siam, whose emperor proposes to spend a cool million for a junket to London, only dug up gold to the tune of $327,000.” CONTACT MAKING GOOD. Deports From That District Are of Enthusiastic Character. While so much attention is being paid to the new gold mining camp of Jarbidge, there is some extensive work being done in the copper camp of Contact. A number of large cop per operators have succeeded in gain ing a footing in Contact, and a large area of the mineralized territory has been taken up. The United States Smelting company was the first of the large operators to see the advan tages of the Contact country, and to date its forces are credited with hav ing blocked out a large tonnage of copper ores of a good grade. This ore is a straight smelting product, and it may result in a smelting plant being constructed in the district. Both Cole-Ryan and the Guggen heims are said to have engineers in Contact. Very little information is obtainable as to the movements of these mine operators, and It is equal ly as difficult to get intormatfon re garding the results of development work being carried on in that section. Most of the ore has been proven up in large open cuts, but as yet no ex ploratory work has been carried on to any considerable depth. While it is the general feeling among en gineers that the ore bodies will go to great depths, this condition has not been proven up. There is enougn ore proven up within a short distance from the surface to insure a large tonnage of a commercial grade to keep operators employed for a num ber of years. As an evidence of the faith min ing men have in the camp, the new townBite company has disposed of several hundred lots in the flat be low the first camp that was started up the gulch. The new town has an ideal location along the banks of the Salmon River. This stream dis charges a large body of water and has quite a swift current. Engineers claim that the water is very pure and it also provides an excellent force for electric light and power purposes for the town and the mines of the camp. Several hundred people have located in new Contact, and a considerable amount of building is going on. The townsite was taken up by prominent Salt Lakers, who have plans for mak ing a number of improvements dur ing the summer months. The Short Line has extended its line out of Twin Falls thirty-two miles toward Contact, and the en gineers will again take up the work of completing the line in the early spring, or as soon as the weather con ditions will permit. Eventually the line will be extended through Con tact to Cobre to connect with the Southern Pacific at that point. This will give the camp an outlet to both the north and south, and will result in making supplies and equipment deliveries very cheap. The country is surrounded by large tracts of farm lands, and excellent crops are raised along the Salmon River country. The making of the cement pipe for the sewer system that Lovelock is to put in has begun at the cement p'ant in that town. A total of two and one-half miles will be req tired on the system. A dispatch from Elko says outfits are now leaving there three times a week for the new boom camp of Jarbidge. A large number of men are waiting there for a chance to go. Arrangements have been made by Elko people for a mail and stage ser vice to Jarbidge, and a telephone line is being provided. Several men who recently returned from the new camp report the route from Elko to be the only feasible way to get into Jar bidge. A legal dash between Gen. James Donovan and Judge K. S. Miner re garding the f 15,000 fees recently al lowed the former by referees because of three years’ labors in behalf of the Goldfield squatters, seems immi nent. Judge Miner has filed a state ment with District Judge Stevens, trustee for the government in the Goldfield townsite matter, asserting that he performed much of the labor which has resulted In securing a gov ernment patent to the townsite wherefrom individual deeds will be issued and for that reason Is entitled to a piece of the melon when cut* ting day come around. Not only is Reno to have a new marble works, which means much to the city, but Reno may also have a beet sugar factory, a big smelter and a new manufacturing company. Ar ticles of incorporation of the Cane Product Refining company have been filed, with principal place of business in this city. It Is incorporated for $100,000 and the stock Is divided into 1000 shares. This company Is formed to raise and purchase sugar beets and to purchase, manufacture, sell and dispose of all kinds of ar ticles in the nature of sugar, mo lasses and sugar cane.— Reno Ga zette. jkjrafMJkamumm i J Aperfect Remedy forCons^* Hon, Sour Storaach.Dlantao Worms jConvulskras Jeverislr ness and LOSS OF SLEEP. Facsimile Signature oT ^newyork. Exact Copy of Wrapper. MSTOIIA For Infants and Children. The Kind You Have Always Bought Thirty Years CASTORIA TMC OSNTAUN OOMHNT. H* TO«« OITT PHYSICIANS. EL. WALLACE. M.D. . PHYSICIAN AND SURGEON Office Hours—2 to 4 p. m. 7 to 8 by appointment. Office Rooms 20 A 21 Northern Hotel DENTISTS. j^R. WHEELER, DENTIST. Expert In Porcelain Dental Art. Rooms 2 and 3. Northern Hotel, Ely ATTORNEYS. LOCKHART ATTORNEY-AT-LAW. Suite 2, Capitol Building Ely, Nevada. Office phone No. 81, Residence 106-Y THE NEVADA MEAT CO. Keep Constantly or Hand a Com plete Lino of Choice PRESH AND SALTED MEATS Magnuson Block, Murry Street Fish and Gamo In Season. Phons Your Order—Main 49. BECKER BREWING AND MALTING CO OGDKN UTAH THE FAVORITE BEER THROUGH OUT THE WEST. THE MARKS-TALBOTx CO., Agents. j^EVIN & GRAHAM, Funeral Directors and Embalmers Lady Attendant. Pheby Block, Aultman Street, Phon j 1033. CITY TRANSFER TOM MENEY, Prop. Express and baggage. Leave orders at Cascade Bar. Phone lfiO-X. N unnelly block. East Ely, Nevada. GEORGE A. WILLIAMS ELECTRICAL CONTRACTOR All kinds, of electrical machinery furnished and Installed. A. C A D. C. Armature winding, repairs, etc. Mine and mill work a specialty. Phono 131-Z, East Ely, Nevada. HAYES GREEN PARK HOTEL First Class Furnished Rooms Always Quiet and Elegant. Housekeeping rooms single en suit*. MISS HAYES. Proprietress. Nevada Northern Hotel L. T. LARSEN, PROP. Recently remodeled; rooms newly papered and everything first-class. Reglar meals, the best in the district. Also carry IP e of general mer chandise. EAST ELY, NEVADA. Ely Lodge No.29,F.&AM Meets second and last Wednesday nights of each month at Rockhlll Shallenbarger Building, 7:30 p. m. B. W. COLEMAN, W. M. W. C. GALLAGHER. Secretary. SUNj&BRpf SSWFM&iSKrr [ MEDICINALLY purex Stormy Weather often brings on colds and kindred ills. That's when “An ounce of prevention is worth * pound of cure.” Sunny Brook THE PURL FOOD Whiskey with its rich tonic properties stimulates every organ of the body into tingling activity, and quickly drives out the first seeds of disease. Absolute purity and mellowness make its use perfectly safe and free from harmful effects. SUNNY BROOK—The PURE FOOD Whiskey—is distilled, aged and bottled under the direct supervision of U. S. Government Inspectors—each bottle is sealed with the "Green Government Stamp" showing the exact age, strength aod quantity—look for this stamp. •UNNY BROOK DISTILLERY CO., Jeflaraon County. KEIITUCKY 9. 9. KIESEL * OO., OGDEN, UTAH. General Dlatribniaoe.