Los Angeles herald., 1910-09-12
MINING AND OIL
GOLDFIELD MINES LEAD
IN DIVIDEND PAYMENTS
Consolidated Group High Record
for Eight Months in the
Present Year

From carefully compiled reports
made to the Mining World 1t is appar-
ent that there are substantial profits
in mining, even though the prices Of
the principal metals are at most un-
satisfactory base. In compilation
of the dividends paid during the past
eight months, the Mining World mas
that 120 American mines and metallur-
gical works distributed among share
holders $4S,301, 333. which added to the
dividends previously paid by these
companies brings their total disburse-
ments up to $685. 060, $50. a 119 per cent
return on their $E04,124,957 combined
issued capitalization.
While this does not include the dlVl-
dends paid by many close corporations
and other smaller interests deriving
pecunary benefit from the mining ana
metallurglcal industries, 1t is fairly
representative of the profits made as
a result of legitimate mining. Then,
too. there are the dividends declared
by the securities holding corporations,
which derive their profits from their
holdings in other corporations.
The so-called gold-silver-lead pro-
ducers lead in the total amount paid
during the year, having $20741,721 TO
their credit to the S15, ,450,012 paid by
the copper companies. OF the former
amount, United States mines 5S in
number, contributed $l2,577 12b; IA ca
madam companies, all but two In Co
bait section of Ontario, contrlputeu
S5. 1886. .698, and 20 Mexican companies
81, $751;
Far in the lead among the mines Of
the above class is Goldfleld Con-, with
a total so far this year of $5,33S,647, or
more than 40 per cent Of the total
paid by the mines Of the United states
in the first eight months of 1910. Ton
i fs. nd ont
list with 81 100000, with the Homestake
third with S654,000.
Twenty-one copper properties in the
United States have paid so far this
year dividends aggregating $lb, ,0l2:
TO date these properties have ylelueu
profits In the shape of dividends total
ing $341, 1880 a return equivalent TO
2s9 per cent on the com bined issued
Capitalization of s11S,S93, ia.
The leader among the coppers is the
Utah Copper company, with a record
of dividends for the eight months of
the present year of $2,307,f2S. Ana
conda and United Verde are tied FOR
second place with 100000 EACH while
Calumet and Hecla ranks third with
81, 500, 000
seven metallurgical companies have
demonstrated that profits in this de-
partment of mining are seemingly not
greatly influenced by low metal
prices. for they show a considerable
increase in earnings over the same
period in 1909. Dividends declared py
these seven companies so far this year
total S11,269 800, as against deelara-
tion for the same period in 1909 by SIX
companies. of $7619,693. The seven
companies mentioned have distributed
dividends among stockholders since
incorporation, amounting to $l04,Sl9s48,
n 46 per cent return on the issued cap
italization. American Smelling ana
Refining leads with S4,125,000, as
against SO, 427, 500 during the same pc
riod. International Nickel ranks sec
ond with $2,S71. .395 while United States
Smelling is third with $1,S02,379.
One metal selling company has paid
dividends so far this year of $750,0OO,
and one quicksilver company $4,000.
During the eight months of the year
the nine securities holding corporations
mentioned above have paid dividends
totaling $9109,15S These corporations
during the first eight months of 1903
paid IS, 439, ,730, showing approximately
a half million gain In 1870 Amalga-
mated Copper leads with S2,S08,317, with
Phelps, Dodge & Co. second with $2,-
246 730.
Thus it will be seen that. despite
conditions that are not considered nor
NAL. the mining industry in 1910, from
the standpoint of shareholders, will be
one of the most satisfactory In the an
nails of the industry.