Durham Mining Museum - Stock Exchange Information (original) (raw)

Extracted from: The Stock Exchange Year-Book for 1875, by Thomas Skinner

In the case of companies worked upon the cost-book principle the laws of ordinary partnership prevail as regards the liability of shareholders ; it is quite unlimited.

Scottish Australian Mining Company, Limited. — Directors: A. W. Young, M.P. (Chairman), A. L. Elder, F. P. Ward, and C. Whetham. Secretary: C. Grainger. Offices: 1, King's Arms Yard, Moorgate Street, London, E.C. — The company is engaged in extensive colliery operations in New South Wales. The capital is £150,000 in shares of £1, of which 120,000 shares are fully paid, and the remainder have 5s. per share paid up. Half-yearly meetings are held in November and May to consider the reports to June 30 and December 31. For 1869 the return was 6 per cent. ; for 1870, 6 per cent. ; for 1871, 2½ per cent. ; for 1872, 6 per cent. ; and for 1873, 13½ per cent. Transfer fee, 2s. 6d.

Sheepbridge Coal and Iron Company, Limited. — Secretary: J. Hall. Address: Sheepbridge Iron Works, Chesterfield. — The capital consists of £497,000 in shares of £100, on wnich £55 is paid, and £49,700 in fully-paid shares of £10 — making the amount subscribed £516,700. There are also preference shares. Annual meetings are held in August, but interim dividends are paid in February. For 1873-4 the total distribution was 22½ per cent. Transfer fee, 2s. 6d.

Shotts Iron Company. — Directors: W. Lindsay (Chairman), G. S. Anderson, A. Dunraven, A. Leslie, Sir W. Miller, Bart., J. Jordan, A. Smith, J. Walker. Secretary: A. Jamieson. Office: 144, Princes Street, Edinburgh. — The company was incorporated in 1871. The capital paid up is £249,751, chiefly in stock. Meetings are held in September to receive the accounts for the year ending with June. For 1872-3 a dividend of 35 per cent. was paid, and for 1873-4, the return was 10 per cent. The shares are chiefly held locally. Transfer fee, 2b. 6d.

Sierra Buttes Gold Mining Company, Limited. — Directors: L. R. Price (Chairman), G. T. Coultes, C. Liddell, J. S. Neall, D. A. Stanley, and C. Wright. Secretary: J. Saul. Office: 52, Lombard Street, London, E.C. — The company was established in 1870 to acquire and work the Sierra Buttes Gold Mine, California, U.S.A. In 1872 the company purchased the Plumas Eureka Mine, situate in the same state. The capital of the company is £526,250 in shares of £2 each, fully paid, subdivided into £245,000 of "ordinary shares," belonging to the Sierra Buttes Mine, and £281,250 of "1872 shares" belonging to the Plumas Eureka Mine. Quarterly dividends of 2s. were paid on the "ordinary shares" throughout 1872 and 1873, and three dividends of 2s. in 1874. One dividend of 2s. per share was paid on the "1872 shares" in January, 1874. The dividends on the "ordinary shares" will hereafter be declared at the general meetings which are held half-yearly in October and April to receive the accounts to June 30 and December 31. The shares are quoted in the official list. Transfer fee, 2s. 6d.

South Aurora Consolidated Mining Company, Limited. — Directors: E. Applegarth, J. Bergtheit, F. J. Gold, H. W. Spratt, and R. Fowne. Secretary: C. Cadogan. Office: 17, Abcnurch Lane, London, E.C. — This company was introduced in October, 1870, as the South Aurora Silver Mining Company, Limited, with the object of purchasing for £300,000 certain mineral properties in California, which promised, with certain additional facilities, to return dividends of 66 to 75 per cent. per annum. The capital was £300,000 in shares of £5. During the year 1871, dividends together of 12s. 2d. per share were declared, but nothing was paid for 1872, and the company was then reconstructed under its present title. In November, 1873, a dividend of 2s. was declared, but the accounts to December 31 of that year, submitted in May, 1874, did not admit of a further distribution. The company is not quoted in the official list. Transfer fee, 2s. 6d.

South Cleveland Ironworks Company, Limited. — Secretary: C. Fraser. Office: 10, Change Alley, London, E.C. — The company was established early in 1872, to take over and develop ironworks near Whitby. The consideration was £160,000. The capital is £200,000 in shares of £20. A dividend of 8 per cent. per annum was paid in respect of the half-year ending with July, 1874. The shares are quoted in the official list.

South Wales Colliery Company, Limited. — Directors: L. Heyworth (Chairman), T. Brown, W. H. Challis, W. B. Greenfield, H. J. Kennard, and J. Lawrence. Secretary: J. M. F. Hunt. Offices: 9, Austin Friars, London, E.C. — The company was established in 1863. The subscribed capital is £200,000 in shares of £25, of which £124,685 has been called up, some shares having £17 paid and others £12. Meetings are held in August and February to receive the accounts to June 30 and December 31. For the first half of 1874 the dividend was 37s. 6d. per share of £17 paid, and an equal proportion on the other shares. The company is not quoted in the official list.

St. John D'el Rey Mining Company, Limited. — Directors: J. Hockin (Chairman), G. F. Dickinson, F. W. Hamstede, R. S. Illingworth, and B. Price. Office: 8, Tokenhouse Yard, London, E.C. — The company was established in 1830 to acquire and work certain gold mining properties in Brazil. The company was extremely prosperous up to 1867, when a great fire destroyed the woodwork which supported the sides and roof of the mines. Dividends of 50 to 60 per cent. were declared, and the £20 shares, with £15 paid, were quoted upwards of £60. On the fire occurring, there was a fall to par ; but the company was not daunted by this great calamity, and at once determined to reopen the mine. For seven years has this labour now been in progress, and in his report for 1873-4, the superintendent stated as follows : — "Looking at the present state of the company's plans and operations in Brazil, the fine mineral lode now partially laid open and accessible, the power provided for dealing with that mineral body, whether as regards its drainage, working, or raising to surface, the quality of ore and its gold contents, as shown by its produce in the stamping mills, there is good reason to expect that, within the period of eighteen months from this time, the Morro Velho mine should give a produce of gold that will enable the company to pay as good a dividend as it has done at any previous period since its establishment in Minas Geraes." Half-yearly meetings are held in London in June and December, the former to receive the accounts for the year ending March 31 in Brazil, and May 30 in London. The capital consists of £253,000 in stock of £100, which is quoted in the official list. The company will resume the payment of dividends at Christmas, and is expected to thenceforward pay them regularly every half-year as before the fire. Transfer fee, 1s., handed in at the office ; 1s. 6d. if by post.

Staveley Coal and Iron Company, Limited. — Agency: Midland Railway Station, St Panoras, London. — The company has a capital of £1,176,000 in shares in four classes, known as — A, which are of £100, with £60 paid ; B, which are of £100, with £10 paid ; C, which are of £60, all paid ; and D, which are of £10, all paid. Meetings are held in Manchester in August to receive the accounts for the year ending with June, but interim dividends are paid in February. For 1873-4 the return was 25 per cent. The shares are chiefly held locally.

Sweetland Creek Gold Mines, Limited. — Directors: G. Batters (Chairman), J. Alington, A. G. Kitching, J. T. P. Pechey, and R. Ward. Secretary: W. J. Lavington. Office: 14a, Austin Friars, London, E.C. — The company was started in March, 1870, to take over a gold mining property at Nevada, California. The capital of £60,000 in shares of £4, was privately subscribed, and has been fully paid. Meetings are held in London in June to receive the accounts for the year ending with April at the mines, and with May in London. Dividends are paid quarterly. The recent distributions have been, 4s. per share, June 26, 1873 ; 5s., September 26, 1873 ; 5s., December 25, 1873 ; 4s., March 25, 1874 ; 4s., June 26, 1874 ; and 2s., September 29, 1874. The company is quoted in the official list. Transfer fee, 1s.