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

Extracted from: The Stock Exchange Year-Book for 1878, 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.

San Pedro (Chill) Copper Mining Company, Limited. — Directors: W. Dunn, S. Olding, and J. T. Tweed. Manager and Secretary: F. R. Wilson. Office: 20, St. Helen's Place, London, E.C. — The company was established in 1872. The capital is £65,062, in fully-paid shares of £2, and there are mortgage debentures to the amount of £2,676. The accounts are made up to June 30 and December 31, and submitted in July and January. No dividend has yet been paid. Transfer form, common ; fee, nil.

Santa Barbara Gold Mining Company, Limited. — Directors: E. S. Holland (Chairman and Managing Director), J. H. Dennis, A. P. Fletcher, and C. F. Carne. Secretary: J. S. Moore. Offices: 10, Cook Street, Liverpool. — The company was established to acquire and work a property in Brazil. The capital is £20,000 in fully-paid shares of 10s. The accounts are made up annually to December 31, and submitted in April. For 1875 a first dividend of 1s. 3d. per share was paid ; and for 1876, 2s. 6d.

Scottish Australian Mining Company, Limited. — Directors: A. W. Young, M.P. (Chairman), A. L. Elder, G. Smith, F. P. Ward, and Sir C. Whetham. Secretary: C. Grainger. Offices: 1, King's Arms Yard, London, E.C. — The company is engaged in extensive colliery operations in New South Wales. The capital is £200,000 in shares of £1, of which 120,000 shares are fully paid, and the remainder have 5s. per share paid up. The paid-up capital is therefore £140,000. The accounts are made up to June 30 and December 31, and submitted in November and May. For 1869 and 1870 the dividend was 6 per cent. per annum; for 1871, 2½ per cent. ; for 1872, 6; for 1873, 13½; for 1874 and 1875, 13¾; for 1876, 16¼ ; and for the first half of 1877, — per cent. per annum. The company is quoted in the official list. Transfer form, common; fee, 2s. 6d. per seller.

Sheepbridge Coal and Iron Company, Limited. — Directors: H. D. Pochin, H. W. Gibson, J. Holden, T. W. Jeffcock, F. Fowler, R. Whitworth, and J. S. Smith (Managing Director). Secretary: J. Hall. Address: Sheepbridge Iron Works, Chesterfield. — The capital consists of, £497,000 in shares of £100, on which £60 per share is paid; £49,700 in fully-paid shares of £10; and £4,700 in fully-paid preference shares of £25 — making the amount subscribed £551,400. The accounts are made up annually to June 30, and submitted in August, and an interim dividend is paid in February. For 1873-4 the distribution was 22½ per cent.; for 1874-5, 15; for 1875-6, 8 ; and for 1876-7, 5, though partly from reserve. There is a reserve fund of £90,000. Transfer form, common; fee, 2s. 6d. per deed.

Shotts Iron Company. — Directors: W. Lindsay (Chairman), A. Leslie, Sir W. Miller, Bart., J. Jordan, and J. Walker. Manager: J. W. Ormiston. Secretary: W. B. Lindsay. Office: 41, Constitution Street, Leith. — The company was incorporated by Act of Parliament in 1871. The capital consists of, £299,160 in stock, £840 in 5 per cent. preference shares, and £74,000 in loans on mortgage. The accounts are made up annually to June 30, and submitted in September. For 1872-3, a dividend of 35 per cent. was paid; for 1873-4, 10 per cent.; for 1874-5, 5 per cent.; and for 1875-6 and 1876-7, nil. Transfer form, common; fee, 2s. 6d. per deed.

Sierra Buttes Gold Mining Company, Limited. — Directors: L. R. Price (Chairman), 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, and in 1872 the company purchased the Plumas Eureka Mine, situate in the same State. The capital accounts of the two enterprises are kept separate, and they are in all respects worked as two undertakings having the same owners. The capital belonging to the Sierra Buttes Mine is £245,000 in fully-paid shares of £2, and the capital belonging to the Plumas Eureka Mine is £281,250 in fully-paid shares of £2. The accounts are made up to June 30 and December 31, and submitted in October and April. Fourteen dividends of 2s. per share each were paid on Sierra Buttes shares, in respect of profits up to June 30, 1874, but for the second half of that year only one dividend of 2s. was paid, and this scale was continued for 1875, 1876, and the first half of 1877. The Plumas Eureka dividends have been — 2s. for half-year to December, 1873 ; 2s. to June, 1875 ; 2s. to December, 1875; 2s. to June, 1876, 2s. to December, 1876, and 3s. to June, 1877. Both issues of shares are quoted in the official list. Transfer form, common; fee, 2s. 6d. per deed.

Silkstone and Dodworth Coal and Iron Company, Limited. — Address: Hyckham near Barnsley, Yorkshire. — The company was registered April 29, 1873. The subscribed capital is £250,000 in shares of £50, and £150,000, or £30 per share, has been paid up. The recent dividends (annual) appear to have been £1 15s. and £1 7s. 6d.

Skerne Ironworks Company, Limited. — Directors: Lieut.-Col. F. D. Grey (Chairman), E. Hutchinson, J. H. Lloyd, T. Macneill, and R. L. Pratt (Managing Director). Secretary: J. S. C. Sutherland. Offices: 110, Cannon Street, London, E.C. — The company was registered June 17, 1872. The capital is £200,000 in fully-paid shares of £20. The accounts are made up annually to March 31, and submitted in June. For 1875-6 there was a small profit, and after clearing off the debit balance brought forward an addition was made to the reserve and depreciation fund. For 1876-7 there was again a trifling balance to add to reserve, &c. Transfer form, common; fee, 2s. 6d. per deed.

South Aurora Consolidated Mining Company, Limited. — Directors: E. Applegarth, J. Bergtheil, H. W. Spratt, and R. Towne. Secretary: C. Cadogan. Office: 17, Abchurch 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. The capital was £300,000 in fully-paid shares of £5. During the year 1871, dividends, together of 12s. 2d. per share, were paid, but there was no return for 1872, and the company was then re-constructed under its present title, the capital remaining as before. The only dividend since paid was 2s. per share on behalf of the year 1873. The accounts are made up to December 31, and submitted in March. To December 31, 1876, there was a debit balance of £11,223. Transfer form, common; fee, 2s. 6d. per deed.

South Caradon Mining Company. — Purser: J. G. Dymond. Office: Liskeard, Cornwall. — This property (copper) is conducted upon the cost-book principle. There are 512 shares, upon which £1 5s. per share has been paid, and so far £734 per share has been paid in dividends. The accounts are made up quarterly. The recent dividend payments have been — £2 in October, 1876 ; £3 in January, 1877 ; and £2 in April, 1877. The company is quoted in the official list.

South Condurrow Mine. — Secretary: J. Hickey. Offices: 22, Austin Friars, London, E.C. — The company owns and works a tin-ore property in Cornwall upon the cost-book principle. There are 6,123 shares, and £6 5s. 6d. has been paid up on each. The recent dividends have been — 10s. in 1875 ; 2s. 6d. in February; 3s. 6d. in June; and 3s. 6d. in October, 1876 ; 4s. in January; 6s. in May; and 6s. in September, 1877. The company is quoted in the official list. Transfer fee, nil.

South Europe Mining Company, Limited. — Directors: Lord G. Cavendish, Hon. T. C. Bruce, M.P., and L. M. Rate. Secretary: H. D. Stead. Offices: 3, Fenchurch Street, London, E.C. — The capital consists of 12,460 shares of £5, of which, however, only 11,440 shares are recognised, the remaining 1,020 shares "having been issued without consideration." The accounts are made up annually to December 31, and submitted in March. At the close of the year 1875 there was a balance in hand of £1,283. No dividends are being paid. Transfer fee, 2s. 6d.

South Roman Gravels Lead Mining Company, Limited. — Secretary: F. R. A. Franklyn. Offices: 18, Austin Friars, London, E.C. — The company was registered March 11, 1876. The capital is £23,563 10s. in shares of £1 10s., and £22,315 is paid up, most of the shares being fully paid.

South Wales Colliery Company, Limited. — Directors: W. H. Challis (Chairman), J. Firbank, W. B. Greenfield, H. J. Kennard, W. Graham, 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 £168,000, or £21 per share, is paid up, and there is a mortgage of £16,787. The accounts are made up to June and December, and submitted in August and February. For the first half of 1874 the dividend was 37s. 6d. per share; for the second half, 15s. ; and for the first half of 1875 it was 20s. The property has since been worked at a loss, and there is now (June 30, 1877) a debit balance of £18,346. Transfer form, common; fee, 2s. 6d. per deed.

South Wheal Frances. — Purser: S. Abbott. Address: Redruth, Cornwall. — This mine (tin) is worked on the cost-book principle. There are 4,500 shares. A call of 6s. per share was made in January, 1877, and another of 6s. in June, but the accounts submitted in October showed a profit. The shares are quoted in the official list.

Spon Lane Colliery Company, Limited. — Directors: Maj. H. Williams (Chairman), J. B. Stone (Deputy-Chairman), J. H. Pearson, T. Underhill, S. Roberts, J. B. Silvester, and E. L. Bullock. Manager: C. McKenley. Secretary: D. F. Fleming. Offices: The Colliery, West Bromwich. — The company was formed in 1875. The capital is £65,000 in shares of £10, of which £55,250, or £8 10s. per share, is paid up. The accounts are made up annually to December 31, and submitted in February.

St. John D'el Rey Mining Company, Limited. — Directors: J. Hockin (Chairman and Managing Director), G. F. Dickinson, R. S. Illingworth, B. Price, and F. Tendron. 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 of the mines. Dividends of 50 to 60 per cent. per annum 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 re-open the mine. For seven years the company devoted itself to this task, and the result has been all that was expected. Dividends were resumed in 1874, and for the year 1874-5 the total return was 30 per cent. For 1875-6 it was 50 per cent., and for 1876-7, 45. 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. An interim dividend is paid in December. The capital consists of £253,000 in stock of £100, which is quoted in the official list. Transfer form, common; fee, 1s. per deed handed in at the office, 1s. 6d. if by post.

Staveley Coal and Iron Company, Limited. — Directors: J. J. Barrow, J. Holden, C. Markham, H. D. Pochin, C. P. Stewart, T. Vickers, J. Whitehead, jun., and B. Whitworth, M.P. Secretary: E. Beddow. Office: Staveley, near Chesterfield. — The company has a subscribed capital of £1,326,000, of which £1,301,000 is in ordinary shares of 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. The balance of £25,000 consists of 5 per cent. preference shares. The accounts are made up annually to June 30, and submitted in August. An interim dividend is paid in February. For 1873-4 the dividend was 25 per cent.; for 1874-5, £16 16s. 8d. per cent.; for 1875-6, 10 per cent.; and for 1876-7, £5 per share, with £60 paid, and in proportion on the others. There is a reserve fund of £139,869. Transfers are to be made out on common forms; fee, 2s. 6d. per deed.