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

Extracted from: The Stock Exchange Year-Book for 1880, 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.

Samuel Fox and Company, Limited. — Directors: S. Fox (Chairman), J. Halliday, and F. Bardwell. Secretary: J. G. Jeffery. Office: Stocksbridge Works, Deepcar, near Sheffield. — The company was established in 1871. The subscribed capital is £300,000 in shares of £100, of which £240,000, or £80 per share, is paid up. The accounts are made up annually to June 30, and submitted in August, and an interim dividend is paid in March. For the six years ending with 1878-9, the interim and final dividends were at the rate of 10 per cent. per annum, and a reserve fund has been accumulated of £34,993. Transfer form, common ; fee, 2s. 6d. per deed.

Sandwell Park Colliery Company, Limited. — Directors: J. Bissell (Chairman), J. Field (Deputy-Chairman), J. Fellows, W. North, S. York, W. Lloyd, and D. Howard. Secretary: B. Karleese. Office: Sandwell Park Colliery, West Bromwich. — The company was formed in 1870. The capital is £125,000 in fully called up £10 shares. The accounts are made up annually to June 30, and submitted in August; and an interim dividend is paid in March. For the half-year ending June, 1878, and for 1878-9 the dividend was 5 per cent. per annum. Transfer form, common ; fee. 2s. 6d.

Santa Barbara Gold Mining Company, Limited. — Directors: E. S. Holland (Chairman and Managing Director), C. F. Carne, J. H. Dennis, A. P. Fletcher, and T. Tregellas. 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 ; for 1876, 2s. 6d. ; 1877, 1s.; and 1878, 2s. 6d. Reserve fund, £1,500. Transfer form, common ; fee, 1s. per deed.

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: 50, Old Broad Street, E.C. — The subscribed capital is £200,000 in shares of £1, of which 120,000 shares are fully paid, and the remainder have 10s. per share paid up. The paid-up capital is therefore £160,000. The accounts are made up to June 30 and December 31, and submitted in November and May. For the four half-years ending December, 1878, the dividend was 15 per cent. per annum. Reserve, £25,000. The company is quoted in the official list. Transfer form, common; fee, 2s. 6d. per seller.

Sheepbridge Coal and Iron Company, Limited. — Directors: F. Fowler, H. W. Gibson, J. G. Holden, T. W. Jeffcock, C. B. B. McLaren, H. D. Pochin, 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 £80 per share is paid ; £49,700 in fully-paid shares of £10; and £4,700 in fully-paid preference shares of £25. There are debentures to the amount of £164,991, and special loans to £13,000. The accounts are made up annually to June 28, and submitted in August or September, 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; for 1876-7, 5, though partly from reserve; and for 1877-8 and 1878-9, nil. There is a reserve fund of £74,734. Transfer form, common; fee, 2s. 6d. per deed.

Sheffield Forge and Rolling Mills Company, Limited. — Directors: F. Ward (Chairman), R. Smith, W. S. Davy, and J. C. Colver. Secretary: M. Hartley. Offices: Millsands Works, Sheffield. — The company was established in 1872. The subscribed capital is £75,000 in shares of £10, of which £56,250, or £7 10s. per share, is paid up. There are also loans on mortgage to the amount of £43,000. The accounts are made up annually to June 30, and submitted in August. For 1873-4 a dividend of 10 per cent. was paid, and for 1874-5, 7½. There has since been no dividend, and 1877-8 closed with a debit balance of £2,860. For 1878-9 there is believed to have been a small profit, but no report has been received for that period. 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, £5,580 in 5 per cent. preference shares, and £74,000 mortgage and £38,428 loans. 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; 1874-5, 5; and 1875-6, 1876-7, 1877-8, and 1878-9, 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 For six half-years to June, 1877, the Sierra Buttes dividend was 2s. per share each half-year; to December, 1877, nil; to June, 1878, 1s. ; to December, 1878, 1s. 6d. ; and to June, 1879, 1s. 6d. The Plumas Eureka recent dividends have been — 2s. for half-year to June, 1876 ; 2s. to December, 1876 ; 3s. to June, 1877 ; 3s. to December, 1877 ; 3s. to June, 1878 ; 3s. to December, 1878; and to June, 1879, 3s. 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. — Directors: B. Whitworth, M.P. (Chairman), J. Holden (Deputy-Chairman), J. Aitken, H. J. Leppoc, E. Armitage, R. Whitworth, and J. J. Holden. Managing Director: R. Hartley. Secretary: W. Scholes. Office: Dodworth, near Barnsley, Yorkshire. — The company was registered April 29, 1873. The subscribed capital is £300,000 in shares of £50, of which £250,000 is paid up, 1,000 vendors' shares being fully paid, and 5,000 having £40 paid. There are also loans on debentures to the amount of £100,000. The accounts are made up annually to April 30, and submitted in Manchester in July. The report for 1877-8 stated that the shareholders had received in dividends to date about 50 per cent., but nothing was paid for that year. No report has been received for 1878-9. Transfer fee, 2s. 6d.

Skerne Ironworks Company, Limited. — Now in liquidation.

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. The recent dividend payments have been — £2 in October, 1876; £3 in January, 1877 ; and £2 in April, 1877. No report has been received this year. The company is quoted in the official list.

South Condurrow Mine. — Secretary: J. Hickey. Offices: 22, Austin Friars, Old Broad Street, 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 — 4s. in January, 6s. in May, and 6s. in September, 1877 ; 7s. in January, 1878 ; 8s. in April, 1878 ; 8s. in August, 1878; 16s. in January, 1879; 10s. in April, 1879 ; and 10s. in August, 1879. 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. No dividend is being paid. Transfer fee, 2s. 6d. per deed.

South Tolcarne Mine. — Secretary: J. Hickey. Office: 22, Austin Friars, E.C. — The company is worked upon the cost-book principle. There are 2,600 shares, and £2 8s. is paid on each, including 5s. on September 12, 1879.

South Wales Colliery Company, Limited. — Directors: W. H. Challis (Chairman), J. Firbank, W. Graham, H. J. Kennard, J. Lawrence, and E. J. Phillips. Secretary: J. M. F. Hunt. Offices: 9, Austin Friars, Old Broad Street, E.C. — The company was established in 1863. The subscribed capital is £200,000 in shares of £25, of which £184,000, or £23 per share, is paid up, and there is a mortgage of £16,735. 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 to December, 1878, there was a debit balance of £24,936. 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 8s. in June following, but the working has since been at a profit, and in September, 1878, a dividend of 5s. per share was paid; in January, 1879, 7s. ; April, 1879, 12s. 6d. ; and August, 1879, 10s. The shares are quoted in the official list.

Spon Lane Colliery Company, Limited. — Now in liquidation.

St. John D'el Rey Mining Company, Limited. — Directors: J. Hockin (Chairman and Managing Director), R. S. Illingworth, B. Price, Sir J. Swinburne, Bart., and F. Tendron. Office: 8, Tokenhouse Yard, Lothbury, E.C. — The company was established in 1830 to acquire certain gold-mining properties in Brazil. The capital is £253,000 in stock. The accounts are made up annually to May 31, and submitted in June, and an interim meeting iB held in December, and an interim dividend is then declared (last time of 15 per cent.). For 1874-5 the dividend was 30 per cent. For 1875-6 it was 50 per cent.; for 1876-7, 45 ; for 1877-8, 35; and for 1878-9, 27½. Reserve fund, £60,097. The company 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 (Managing Director), 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 or 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 aocounts 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 ; and for 1877-8, £4. No report has been received for 1878-9, but it is believed that a dividend of £2 10s. was paid in February, 1879. Transfers are to be made out on common forms ; fee, 2s. 6d. per deed.

Steel Company of Canada, Limited. — Directors: C. W. Siemens, C. Tennant, A. S. Schaw, A. O. Ewing, M.P., G. Stephen, D. McInnes, T. Merz, and A. S. McClelland (Managing Director). Secretary: E. F. Tremayne. Offices: 3, Great George Street, Westminster, S.W. — The company was registered March 17, 1874. The capital is £500,000 in fully-paid shares of £10, of which £120,000 are deferred vendors' shares. The former take all net revenue up to 15 per cent., and participate equally with the latter after this rate has been paid on both classes. The accounts are made up annually to August 30,. and submitted in October, tor 1878-9 a dividend of 6 per cent. was declared, payable half in November, 1879, and half in May, 1880. The Stock Exchange Committee granted a settlement in the shares, but the question of quotation was postponed. Transfer form, common ; fee, 2s. 6d. per certificate issued.