The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-12-12
DIVIDENDS
TELL STORY
Enormous Earnings are
Best Of Proof Of Worth
of the Great Industry

for the IL months of 1909 ending
Nov. 80, 113 American mines and
m~etallurgical works, according to
World, have fittingly demonstrated
that, despite a decidedly lean year,
the operation of mines is a paying
occupation. That these returns are
not of a sporadic nature is evidenced
by the fact that these same mines
and works have to their credit since
incorporation, the splendid total OF
$599,296,740. This, on an issued
capitalization of s5~60,2SS,S25, is
equivalent to a return of 107 per
cent.
In addition to these dividends
there have been declared, SO far in
1909, by 10 securities holding cor
porations, dividends amounting to
~$15,019,316. since Incorporation,
all during the past ten years, these
10 corporations have declared divi-
dends totaling S99,664,856, a return
of 32 per cen Oh their combined
issued capitalization of $311,340,6O0.
In point of dividends paid both
for the year and since Incorporation,
the copper companies are again in
the lead, for 16 of these, all in the
United states, have disbursed to
stockholders during the II months
of 1909 the sum of $~15,186,354.
Since Incorporation these 16 corpora
tons have turned over to sharehold-
ers 1921, 995,382, showing a return
of over four times the outstanding
capitalization of $~78,666,989, or
equivalent to 419 per cent. Senator
Clark's United Verde property has
made regular monthly dividends
this year and leads among t%he-coppers
with $2,475,000. Since incorporation
this company has paid dividends to-
falling $24,022,000, or eight times it's
issued capitalization, a trifle better
than 500 per cent. Anaconda, second
for the year with $2,400,000, has
paid since incorporation $45,300,00O,
equivalent to ISL per cent on its $780,
0OO, 200 issued share capital. Calu-
met & Hecla is third for the year
with 81, 100000, but since incorpora-
ton it has repaid it's $2,500,00O cap
ital over 43 times, which is equiya-
lent to 1890 per cent. Others for
the year in the million class, are
Boston & Montana and North Butte,
both with $1,000 900, and Utah Cop
per with $1,09 700.
Eighty-seven properties, classed
as gold-silver-lead-zinc producers,
paid during the II months of 1909
dividends of $26,104,011, making
their grand total since %incorpora-
ton, $17O,850,bS5, which On a COM
bined issued capitalization of $245,-
81 1924 is equivalent to a return on
this large capitalization of SO per
cent. One reason why these proper
ties have not made better returns Is
their excessive capitalization, for
which reason only % have SO far re-
turned their capitalization as against
II copper companies out of Is, which
have more than returned their cap
i%talization.
OF the above 81 companies paying
dividends in 1909, SO are operating
properties in the united States, and
they have paid this year a total of
$15,vt1,123, and, since incorpora-
ton, $1l4,5S3,121, a return equiva-
lent to 73 per cen on their COM
bined issued capitalization of $751;
318,251. Goldfield Con-, which has
maintained the lead during the year
has paid ~$3,201,233. This is a re-
markable record for a property that
has peen under operation for so few
years. Tonopah, another Nevada
property, is second for the year with
$1,000. The great Homestake is
third for the veal with 1908 400
Camp Bird of Colorado ranks fourth
for the year with $992,zoO and So
985,95O to date. Silver King Coali-
-. e Tyxol L. Gfth fo,. tho xaor
With $937,500.
Sixteen Mexican companies with an
issued capitalization of $o2,487, 500
have paid so far this year $~4,585,20O.
and since incorporation $38,545,0S7.
Ell Orc leads for the year with $685.
zoo and since Incorporation $5,746,-
800, a return equivalent to 100 per
zen on its issued capitalization. Es-
peranza is second for the year with
S731,25O and $10,158,750 since in
corporation, a return of 451 per cent
on it's issued capitalization.
Fifteen Canadian companies, all
but two operating in the Cobalt
camp, have this year paid ~$6,120,188
to shareholders, making their total
during the few years of their organ
ization, $~14,464,OlI. Nipissing
maintains the lead with ~$1,350,000
to it's credit for the year, with a total
of $3,39O,000. Crown Point is second
for the year with $~1,078,9S5, and La
Rose third with $986,526.
Seven metallurgical companies
have been a source of great pront
to shareholders, for during the year,
$1O,748,064 has been disbursed in
dividends. On an issued capitaliZa-
ton of $229,495,012 these COM
panies, since incorporation, have been
ablew to make to shareholders a re-
turn of Al per CEN or $~93,325,773.
The American Smelling & Refining
Co. has paid dividends this year on
its preferred stock of $3,052, 500 and
on it's common stock $1,750,000. The
total preferred dividends amount to