The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-24
UTAH HAS MANY
PROFIT MAKERS
This State Stands Second i'm
Number of Dividend-Pay-
ing Mines.
is THIRD IN THE
AMOUNT PAID OUT
Montana, With Her Coppers.
Pays Out Largest Amount
of Dividends.

In the record of dividend payments OF
the mines and metallurgical works of the
United States. as published each week
In the Mining World, there Is much that
is OF interest to mine owners and oper-
ators, as we'll as to investors in the vari-
Gus stocks While the tables in question
do not fully cover the dividend declara-
tions OF ali companies operating In the
United States during the past fifteen
Years or so, for they do not include many
close corporations which give out no
ngures. nor do they include the profits
taken out of mines by individuals, yet In
the main they are representative OF the
profitablcness OF mining when carried on
az other successful businesses are car
ried on.
In the tables i'm question are given the
dividend payments OF 303 companies
mine operating companies. metallurgical
works and securities holding corpora
lions. These 303 companies have to their
credit 10 date the enormous total of
1856, S3O.OS4, which on a combined is
sued capitalization of s1,114. 365,6T4.
makes "A return equivalent 10 II per
cent. This IL most satisfactory re-
turn when 1t is considered that the list
includes number of properties which
aged as 10 prohibit the payment of ade-
quate dividends.
Though represented In the grand total
OF dividend payers by fewer numbers,
the copper properties. thirty four in
number. lead In disbursements with 1919
oe2 So2. Not only do the coppers lead in
dividends paid, but In point of returns
on the capital invested they are far in
The lead. making no less return on their
Invested capitalization OF sl5s. 1854.
than 240 per cent.
Calumet & Hecla is In the lead among
the copper producers for IL has paid div
ldcnds since Incorporation totaling Sl12,-
So': 900 return on the company,s
s2.500,0O0 issued capitalization of 44S2
per cont Calumet G. Hecla's nearest COM
pettor Is Boston & Montana. with
2465 per cent return on the s. 500 900 is
sued share capital. Anaconda Is third
with S47 600 and United Verde fourth
with S25.S22.00C.
In the list OF dividend payers classcd
as Observation-Disclosures producers there
arc 244 participants with disbursements
totaling s26l .392. .941. BY reason OF the eX
ceSsive capitalization or a number OF
these companies the returns made TO
shareholders are considerably smaller
made In copper properties. On the com
bIncd Issued Capitalization OF these 244
ompanies-Si0SS7S .3S5-a return has
been made equivalent 10 81 per cent.
stantIal margin is the Homestake Min
ing company of South Dakota, which,
through rigid economy and the adoption
of the most up to-date processes and in
.stallati of improved machinery, has
been able 10 distribute among its share
holders Sl9,5l9,5 $50, return or nearly 30
per cent on it's outstanding capital OF S21,-
$40 600. and this too from ores OF no
greater value than 81 per ton, and
large tonnage OF considerably less value.
For this the Homestake is deserving OF
great credit for 1t has solved the prob
lem OF extracting profits from low-srade
gold ores.
The following table OF dividends is