The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-08-08
BIG DIVIDENDS
FOR THIS YEAR
Rinety-fOuT Mines and Metal
IurgiCaI Works Pay $685.
485, 1888 in Seven Months.

II must prove source Of great graft
fication to the mining public generally
to learn that ninety American
mines and metalIurgicaI works paid
dividends amounting to the large total
of SIS, 1918 in the first seven months
OF 1903. These niuety-four concerns.
according to figures available to The
Mining World, have declared in divi-
bends TO Aug. 1, 1909, total of $751;
Sl3.S29, on an issued capitalization of
S4J6,643. 493 showing a return equiva-
lent to us per cent.
These huge profits have assured not
only 10 individual shareholders. but
have also contributed generously to the
income of such securities holding cor
poratiOns as the Amalgamated Copper
company, the American Securities COM
pany, the Copper Range Consolidated
company and others which are heavily
interested IN operating mining cOmpa-
MES Eight of these securities holding
corporations, with an outstanding capi-
talization of S3G7, $40 500. have declared
dividends so far this year amounting
10 Se,bl0,29l, making Il total since incor-
poratiOu Of S95, 77S,6O7. The Amalgamat-
ed. owning a controlling interest in the
Boston & Montana. Anaconda and other
mines whose dividends are included in
Che total for operating companies given
above, has declared s2,50S,3i8 this year
and since 1899 has distributed S59. 543,-
80 on its issued capitalization of $153.-
Sil-9U0. return equivalent to 50 per
cent. The american Shelters Securi-
ties. branch of the smelter trust fam
lily tree, divided Sl.70000J i'm profits this
year, making d total of s10.250.O00 on an
issued capitalization OF s47.0o0.000. Cop
per Range Consolidated, which is in
feTCgfnfl n r1 IL
clarcd Sl,tJt.S43 i'm dividends this year.
making d total of S9.59S, 1876, a return Of
p per cent on its s3S.37S.IOO issued share
capital.
Another source of profit is i'm the sale
of metals on commission. The United
Metals Selling company. which is af-
fliated with the Amalgamated Copper
company, and is capitalized at s. 900, 600
has declared dividends during the seven
months of the year of S3000.OO0. Since
Incorporation this company has distrib-
Uted profits Of S9,750,00G, equivalent to
195 per cent on its issued capitalizati ton.
In addition TO the above there have
been large profits devided by numerous
private and close corporations, to say
nothing Of the vast sums that have been
earned by smaller mine owners ard
pTOspeCtOTs. Labor. machinery. and
supplies. transportation, and the multi
tude of incidental necessaries for opc
rating mines and metallurgical works.
have all required extraordinary dis
bursements-sums Of money which few
other industries are capable Of earning.
Gold silver. Lead and zine mines con-
tiuue to lead i'm the dividend paying
list. for sixty-nine Of these during the
first seven months Of 1909 paid dividends
of $16,529. 113. making q total disbUrse-
ment to date of St1 .G03.5iS. This was
done on a combined issued Capitaiiza-
ton of Sl95.0SA7tS a return Of y per
cent. Most Of these dividends have been
paid in small regular amounts. Of the
United states mines. GOldfieId COnsOl-
iGated Of Nevada leads for the year
with S2.119.4S2 10 its credit. and TOnO-
Dah. in the same state. IS second. with
$4,000. Eonestake of South Dakota,
with its S2i,S30.GoQ capitalization, has
paid so far this year s763G0o, and to
date SIS, 536-950. return OF So per cent.
Among other leading dividend payers
this year are Silver King. r tab. S15o.0QO.
Camp Bird of Colorado. s59S.500. Colo
RADIO Of Utah. 5000 coo: Bunker Hill 6
sullivan. Idaho. s3s0000, Sioux Con.
Utah S335140.
OF the sixty-nine d-silver-lead
companies paying dividends iD 1909.
fourteen are Mexican concerns. and
they disbursed S29S4 $50 Since incor-
nOratiOn these companies paid 1850,
S45. return Of lie per cent on the sea-.
SIS. COO issued Capitalization. Esperanto
leads with S97200 and $40. 500 500 since
Incorporation a return Of 459 per cent
on its s2.25o0oO capitalization. FL Orc.