The copper era., 1909-11-11
Ten Months Minine Dividends.

 nous profits in mining when it is learned through a careful compila- tion by The Mining World that 1O9 American companies during the first ten months of 1909 paid their share holders S52, $50, 11O. It is further learned that these 109> American mines and metallurgical works have paid since incorporation the enor- nous total of S5S9, 400, 25O, a return on a combined issued capitalization of S549, ,5S4 1925 equivalent to 107 per cent.
 Although much the larger part of these dividends has gone into the pockets of individual shareholders it will be surprising to learn that nine holding corporations, owning the ma jority of the stock issued by certain mines and works, have in ten months this year declared dividends of S13,- 996, ,376, making their grand total to date S98, ,64l, ,416. The leader of these the Amalgamated, has so far this year announced dividends of S3,077,- 757, the last being 50 cents per share payable November 29, but not figured in these totals. Since its organiza- tion in April, 1899, this company has declared dividends totaling S59, ,732, l20 on a capitalization which was gradually increased to S153, ,887, 300, making a return equivalent to 39 per cent
 Of-the 109 companies paying divi- dends during the first ten months of the present year seventy-six operate in the United States, fifteen in Mex ico, fifteen in Canada and three in Central and South America.
 Of the seventy-six United States companies, ffty-one are classed as gold-silver-lead producers and they have so far this year paid dividends to the amount of S14, ,578, ,756 on an issued apitalization of s154, IF, ,25l. Since incorporation these seventy-six companies have distributed grand total of S113, ,644, ,451, a return of 73 per cent. In the lead continues Goldfield Con. of Nevada, which has to it's credit to date B, 1913, of which B POI, ,2S8 was paid during the ten months of 1909. Tonopah, also of Nevada, is second for the year with S1 300, 900. Homestake is third for the year with Sl,094,0 ,000, but in point of total dividends paid leads Ill others, for since incorporation it has yielded profits sufficient to pay stockholders slS,865, ,l5O, a return equivalent to S6 per cent. Silver King Coalition of Utah is fourth, with s937, 300 for the year.
 Fourteen Canadian companies, all but one in the Cobalt section, have so far this year paid to shareholders B, ,SS9, ,305, and since incorporation Bl4 ,233. 194, on an issued capitalization of S53, ,399, ,573, 26 per cent. return, an excellent showing for the few years the properties have been oper- ated. Nipissing leads with Sl, $50, 900 for the year and S3,3SO, 900 to date, a return of 49 per cent. on its s6,OOO, 900 issued share capital. Grown Reserve second on the list, has paid this year .SI, ,O7S, ,985 and LaRose, third, has paid s9S6,526.
 Fourteen Mexican companies, with an issued capitalization of $22, 9S7, 300, have paid to stockholders, ince incor- poration, $50, ,56O, ,73l. During the ten months just ended these companies nave distributed S3, ,765, 200 in di9i- lends Fl Orc leads for the year with SS26, POO and it's total disburse- neuts amount to $5, TAG, ,360. ESper- anza, second with S73l ,25O- for the year, has paid out since incorporation BIO, ,15S, 750 on an issued share capital If S2, ,25O, 900. Naica is third with S54O, GOO and to date is credited with s2, $50, ,8OO
 Of the 109 mines and metallurgical works paying dividends in 1909, fifteen are copper properties. operating in the United States. These fifteen mines have so far in 1909 yielded profits in the shape of dividends to the amount of Sl4, ,5S5,O1 Since in OOl DOl -lnC OOL1 OOhll ing these mines have distributed among shareholders the enormous total of s32l. .394, ,O42, a return equiva- lent to 408 per cent, on an issued ca pitalization of SIS, ,665, ,9s9.
 The largest copper dividend payer this year is Anaconda of Montana Ian Amalgamated protegel with S2,- 100000, equivalent to 8 per share, and making a total since June, 1895, of s45, BOG, 1000, return of l51 per cent. on the issued share capital of s30, ,o0O, ,O0O. United Verde of Ari- zona, controlled by w. A. Clark, has yielded dividends. of s2, 25O.O0 or s7.5O per share for ten months this year, and since incorporation in Septem- Der, 1899, has declared S23, ,797, ,OOO, or nearly eight times its capitaliza tion of s3,OOO,OOO The Calumet &C Hecla, with dividend record of S1O9, 75O, ,OOO