The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-11-07
MINING INDUSTRY
PAYS BIG PROFITS
Dividends for Ten Months of
1909 Make Glowing Record
of Earnings.

That the mining industry has no
rival in the producing of enormous
profits is afforded new proof by care
full compilations by the Mining world
which show that 100 American COM
panies during the first ten months OF
1909 paid their shareholders S52,S5O,-
10 1t is further learned that these
109 American mines and metaIlurSlcai
works have paid since Incorporation
the enormous total of $3.50, 10000, a
return on a combined issued capltall-
cation of S549,5S4,S25, equivalent to 4O4
per cent
Although much of the larger part of
these dividends has gone into the pock-
cts of individual shareholders, II Will
be surprising to learn that nine hoid-
ing corporations, owning the majority
of the stock issued by certain mines
and works. have in ten months LIS LIS
year declared dividends of S15,S96,5l6,
making their grand total TO date SSS,-
Gal 416. The leader of these, the Anal
gated, has so far this year announced
dividends of SS,O77,757, the last being
so cents per share, payable NOV. ",
but not figured in these totals. since
it's organization in April, 1899, this
company has declared dividends total
which was gradually increased to S15S,-
$50 800, making a return equivalent to
OF the iOs companies paying divi-
dends during the first ten months of
the present year, seventy-six operate
in the United States, fifteen in Mexico,
fifteen in Canada and three in Central
and South America.
coldfeld Con. in Lead.
Of the seventy-six United states
companies, fifty-One are classed as
gold-siiver-le lead producers, and they
have so far this year paid dividends
to the amount of S14,57S,716 on an is
sued capitalization of sl54,ll7 Psi
Since Incorporation these seVenty-SiX
companies have distributed a grand
total of $113,644,4 51. return of 75
per cent. In the lead continues Cold
field Consolidated { : Nevada, which has
TO its credit to date S3,907,913, of which
S3,2Ol,2SS was paid during the ten
months of 1909. TonOpah, also Of Ne
vada. is second for the year with ST.
800. 900. HOmestake is third for the
year with Sl,094 600, but in point of
total dividends paid leads all others,
for since incorporation it has yielded
profits sufficient to pay stockholders
$lS,S65, $50, a return equivalent to Sc
per cent Silver King Coalition Of
Utah is fourth, with ss37,50O for the
year.
Fourteen Canadian companies, all but
one in the Cobalt section, have so far
this year paid to shareholders $5.SS9,-
sos. and since Incorporation s14,233 1874
on an issued capitalization of $50 &c.,,
573, 26 per cent return, an excellent
showing for the few years the prop
critics have bee-- operated. Nipissing
leads with $3.50 600 for the year and
S3.39O.OO to date. a return of 49 per
cent on its S600O,G0G issued share cap
ital. Crown Reserve, second on the
list. has paid this year s1.07S,9S5, and
LaRose third, has paid S9S6.526.
Mexicans Do Well.
Fourteen Mexican companies, with an
issued capitaiizatio of $22 ,9S7, 800, have
paid to shareholders, since incOrpOra-
ton, S3O,569,73l. During the ten
months just ended these companies
have distributed .sS,765,20O in divi-
dends. FL orc leads tor the year with
$S26,2OO, and its total disbursements
amount to 1915 $50. Esperanto, sec
ond with $731,250 for the year, has
paid out since incorporation S10,15S,75O
on an issued share capital of $3.50 600.
Naica is third with $4,000 and to
date is credited with S2,S30, 500.
OF the 100 mines and metallurgica1
works paying dividends In 1903, fifteen
are copper properties, operating in the
United States. These fifteen mines
have so far in 1903 yielded profits in
the shape of dividends to the amount
of S14,5S5,O14. Since Incorporation the
companies controlling these mines have
distributed among shareholders the
enormous total of S321,394.O42, a re-
turn equivalent to 40S per cent on an
issued capitalization of $7s,665, 9s9.
Anaconda Biggest Copper.
The largest copper dividend payer
this year is Anaconda of Montana can
Anal gamated prOtege) with $4,000, 600.
equivalent TO 81 per share. and making
a total since June, 1895. of s45, 800. 900.
a return of ISL per cent on the issued
share capital of SS0,000,000 United
Verde of Arizona, controlled by w. A.
Clark. has yielded dividends of s225O,-
O00, or $3.50 per share for ten months
this year. and since incorporation in
September, 1899, has declared $780,
000, or nearly eight times its capitali-
cation of s3,000.000. The Calumet &,
Hecla, with a dividend record of SiO9,-
10000 since 1871, on a capitalization
of S2,500,00O, in thel asst ten months
has declared 81 100000. or s19 per share.
North Butte so far this year has $1,000
coo to its credit, and since incorpora-
tiOn $S.200.006.