IT DAZZLES THE WORLD.

Gisborne Times, Volume XXV, Issue 2038, 25 March 1907, Page 1

IT DAZZLES THE WORLD.

No discovery in medicine has ever created one quarter of the interest that has been caused by Dr. Sheldon's Now Discovery for Coughs, Colds, and Consumption. It has 'brought relief in the most hopeless cases, when all else has failed. For sale by A. \V. J. Mann, Agent, Chemist.

“TH.E CINDERELLA OF METALS.” THE STORY OF COPPER. No. 5. The financial side of tho copper industry is an important matter, because the growth of it is dependant mainly upon the amount which the development of the metal returns to those engaged in tho work. In this particular, till) evidence available is thoroughly favourable as supported by the American Mines.

On tho financial side of tho copper question wo liavo to deal with something like sixty producing and divi-dond-paying mines in tho Lake Superior and Butte regions, as well as in Arizona, Nevada, Utah, and Mexico, capitalised at £105,000,000 and with a markot value many times as gloat. These mining Companies pay stockholders nearly £8,000,000 annually, and have made a contribution to the wealth of tho country in dividend disbursements alone of about £60,000,000 since copper first, began to attract the American investor. No “get-rich-quick” scheme has quite equalled the record of the premier mine, tho Calumet and Hecln which in thirty-five years has paid out nearly £19,000,000 to shareholders on a capitalisation of £500,000.

In 1899 it disbursed 400 por cent. It will pay about about 300 per cent, this year, and has laid tho foundations of many notable Now England (fortunes. Tho United Verde Mine in Arizona, pays at the rate of 60 per cent, annually, with a record of £4,000,000 returned on £600,000 investment sinco 1899. When the final quarterly payment of the Amalgamated Copper Company is made this year, that concern, even with its irregular dividend history, will have paid back to its shareholders over £5,000,000 in seven year’s time, an amount equal to 25 per cent, of tho capital stock, while the old Boston and Montana which tho Amalgamated absorbed, has already yielded up £9,000,000 in dividends, or twelve

times its original capitalisation. Many of the copper mines have paid from twice to seventy times every dollar put into them. Tho aggregate production of 200 of the world’s copper mines last year was an average of about £160,000 for each mine. One hundred and fifty copper mines of the world produced an average for each mine of about £200,000 a year. Fifty copper mines produced an average for each mine of about £600,000 a year. Five of the leading copper mines of the world, namely, the Anaconda, which is the largest producer of copper in the world, and produced last year about £2,400,000 worth of copper. besides being the largest silver producing mine in the world, the Calumet and Hecla, tho Rio Tinto, the Boston and- Montana, and Mansfield

make an average production of about £2,000,000 for each mine per year. Ten of the leading'mines in the small Lake Superior District have paid altogether 2,380 per cent, on every dollar put into them, besides spending millions of dollars for machinery, mills and smelters, and development for their own betterment, that has opened up a,l <l placed in future reserve millions that will require little additional expense to get out. The

the end of last year copper sold on the New York market at elevenpence por pound. Twenty four years ago it sold at 4Jd per pound. Several years ago with the metal selling at BJd, the profits of the copper companies wore enormous. Here is a table showing tho profits of twelve American companies with copper at lOd per lb.: — Profit Profit on per 20c. copper share ££ s d Anaconda 2,200,000 1 17 4 Bos. and oMn. 2,200,000 14 13 10 Butte Coalt’u 600,000 012 6 Cal. and Hecla 2,400,000 24 0 0 Copper Range 726,000 118 5 Cain and Ariz. 832,000 4 3 4 Greene Cons. 675,000 014 0 Mohawk 205,000 2 1 0 North Butte 1,147,500 218 1 Osceola 400,000 4 3 4 Utah. Consol. 600,000 2 0 0 Wolverine 280,000 413 10

A corporation owning copper proporbies and selling millions of pounds of the motal every year, has examined into the prospects for an increased copper production during the year 1907. A representative of this concern says:—“Wo are figuring on an increase of from 8 per cent, to 10 per cent, in the world’s copper production in the current year, while, as is very generally known, consumption has enlarged in a much greater proportion than the output. A very conservative estimate of increased use, would, I should say, be about 40 per cent. After investigations, we cannot sco whore there will be much, if any, more than a nominal production of the motal in 1907.

The Palmerston South Times says: —The sensation of the week in Palmerston South has been provided by circumstances which have just come to light in collection with the barbaric treatment received by a fvellknown farmer of Shag Valley at the liands of his family and a domestic servant in his employ. It appears that one day during the week before last the farmer referred to was found in the vicinity of the Alexandra Hotel in a semi-conscious condition. He was taken into the hotel and it was found that his face was in. a terrible condition, while he appeared to bo almost totally blind. His body was black and blue, and there was a nasty wound on one of his wrists. After making the man as comfortable as possible, the licensee of the hotel sent him for further treatment to Palmerston, where lie was taken in by some friends. A doctor was called in, and found tin man in a very exhausted condition and in a state of collapse. His body was covered with sores and qlr] wounds, while his eyes were almost closed. The man, on being interrogated as to the cause of his injuries, said that lie had been belaboured with an iron standard by some members of his family. He further said that the injury to his face had been caused through a dish of hot water having been thrown over him hy a servant girl in' his employ. The doctor who is attending the man states that, although the eyes were seriously injured, lie hopes to be able to preserve the sight. The Times is informed that the man has on more than one occasion boon maltreated by members of his family during the past few years. No doubt further revelations ill collection with the affair will shortly bo forthcoming.