The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-05
UTAH COPPER LEADS
THE DIVIDEND LIST
Greatest Copper Profit Maker
While GOldfieId Con. Heads
Gold Column.

From reports made TO The Mining
World it Is apparent that there arc sub
stantial profits in mining even though
the prices OF the principal metals are a
q most unsatisfactory base. In com
pllation of the dividends paid during tnt
past eight months. The Mining Worlo
nnds that loU American mines ana metal
lurgical works distributed among share
holders SlS,301 ,333, which added TO the
dividends previously paid by these com
p8ncS brings their total disbursements
up 10 s655, ,O60. 56a. 1l9 per cent return
on their S59i.124:957 combined issued cap
| italization.
While this does not Include the diyi-
| dends paid by many close corporations
and othcr smaller interests deriving
pccuniary benefit from tho mining ano
mctallurgical industries, ii is fairly repre-
sentative of the profits made as a result
OF legitimate mining. Then, too, there
are the dividends declared by the securl-
| ties holding corporations. which derive
their profits from their holdings in other
corporations.
| The so-called gold -silver-lead producers
lead in the total amount paid during the
year. having S20,74l .721 10 their credit to
panics. or the former amount, United
states mines, 53 in number. contributed
$i2,67Il25; II Canadian companies, All
but two in the Cobalt section OF Ontario.
contributed S5136. $685. and 20 Mexican
companies. s2,Sd6,ss7
Far in the lead among the mines of
TIC dpONc CLASS is l0luUelI, Con-, WIN a
total so far this year OF s5,33S, 6T or more
than 40 pcr cent of tho total paid by the
mines OF the United States in the first
eight months of 1910. Tonopah, also OF
Nevada, Is second on the list with 81. I00.-
900 with the Homestakc third with $654,-
00Q
Twcnty-one copper properties in the
United states have paid so far this year
dividends aggrcgatine sl5. 5.4i0012. TO
date these properties have yielded profits
IN u, :, the shape OF dividends totaling SAL
SlJ,5to. return equivalent TO 2S9 pcr
cent ON the combined issued capitaliza-
tion OF Sis. .S9S1iI
The leader among the coppcrs is the
@ lan copper Co; with a record Of diVi
year of s9307. 72S. Anaconda and United
Verde arc tied for second place with
81, 1000 each. while Calumet e Heel,
ranks third with $1,000. 000
Seven mctallurgical compsuics have
demonStratcd that profits in this depart
rncnt c oi mining arc seemingly not ereatly
'nluenced ny low metal prices, for they
SNOW considerable increase in earnings
over The same period in 1909. Dividends
ueSIercn ny these seven companies SO far
this year total sl1 $50 500. as against u |
by six companies. of s7sl96a2 The |
seven companies mentioned have disirib. |
nted dividends among stockholders. since |
amounting 10 sIot S1a oaG |
4 y" per cent return on the issued capi- |
Iaization American Smelling G. Refining |
leads with 81. 600. as against s.. az, 5O0 |
,i,hiuS M same period IN 1909. Tnterna-
ai llnlai Nickel ranks second with g. s7I 3aE
willie nited States Smelling Is third |
with s1.sO2,379. ''''''
Ono metal selling company has paid
,lNidcndS SO far this year OF $3.50 900 and
'ne quicksilver company 500 ono, Gnu
, During the eight months OF The yc,r
ne nino securities holding corporations.
mentioned above. have paid dividands TO-
nni,S ,,,ni, S' io',l5S These corporations
- iuLimg rlag ~ INC irst oieht months Of 1909 paid
y sa%s,I5o, showing approximately n half
n'Illon Gsin In 1910. AmaIga mated Con
ser leadS with s2,3os.3l1. with Phelps.
'oISH a. Co second with g., 2t6 $50
;, nus u will he seen that. despite CON
uuons mat arc not considered normal
ne mining industry in 1910 from iIn
thahupo,nt ta oi shareholdcrs, will nc ono of
nc most satisfactory In the annals ~
lic industry. '''''iS vi
=, me accompanying table gives tbo
= sN@,denos @ pad IN August with the date
- p'S SnIen' ana the amount per share