The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-04
Nearly Thirty-Fiye Millions of
Dollars Paid First Half
Of Year.
'C0PPERS ARE MOST
PROLIFIC In PROFITS
Utah Has Distinction of Having
Best Red Metal Dividend
Payer.


unsatisfactory prices for metals. for III
American mines and metalurgical works,
according TO figures available to the Min
ing World. to pay dividends during 1g, tne
must be apparent even TO the skcpu-
cal that mining, when carried on as
other successful businesses are carried
on. Is most profitable investment, Were
other evidence necessary il could be men
TONED In connection herewith that since
their Incorporation, these liz mines and
works have distributed among the hold :
ers OF their stock the enormous sum
OF $63l. .069.02i On the combined issued
capital of these companies. $500 sbi 300.
this makes return in excess OF capital
Ization OF 500 sol .52i or Ill per cent.
Then, too, there are the dividends de-
cared by mine securities holding cor
porations which. in the first half OF 1910.
totaled s7S97223. On the issued capital
there has been paid since Incorporation
a total OF sos, SOS. ii7. or return equiv
alent to "a per cent.
Then there are the hundreds and hun
dreds OF close and private corporations
and individuals, from whom no, reports
are received, which go to swell the total
and give added proof to the oft-repeated
statements OF tho Mining World: that
legitimate mining has no peer as an In
yestment.
To investors in mining shares the diyi-
dend tables as published regularly oy
interest. Probably the point OF most
Importance is the relative standing of
the various dividend contributors. BY
gold silver-lead producers. etc, we find
that the coppers arc the most prolific
in enriching their shareholders. for. nine
teen OF these, all but one operating In
the United States, have contributed over
one half ot the grand total OF S63l, ,o6s, o24.
or 1889, 500. i40 Paying this on COM
bined issued capitalization of Sll3,S9S.-
ia II Is seen that returns nave been
cess of issued capital. or approximately
For the six months OF the present
year the newly enlarged Utah Copper
Company leads with disbursement OF
So. 290, 200, while Calumet & Hecla Is sec
ond with sl,S00,000, United Verde third
with 1880, 0O0 and Anaconda and Ne
vada tied for fourth place with $1,000
600. From the standpoint OF total dlvi-
vends paid by copper mines OF the United
States. Calumet Hecla is far In the
lead with sl12.o5O,ooO;, while Boston ste, noS
Anaconda is third with S4G.500:OOo. Unit
ed Verde fourth with s25, 597,0 900, and
Quincy flfth with S19192. 500.
tributlng to the dividend total so far in
1910, there are eighty-three. which dis
tributed S14.T47, $50. Far In the lead for
the six months is Gold6eld Consolidated;
among shareholders s3.55o.oss, a remark,
able achieve ement for a present-day. gold
property. Tonopah, another remarkable
Nevada gold property; ranks second WIN
Hill & Sullivan, the premier lead pro-
duccr. is third with sI51.200. while Home
stake. from its operations on lowe grade
ore gets ranking soo OF fourth Rra foT IL sne
close fifth with s393.600. From the stand
point of total dividends paid, however,
there Is a considerable change In rank
Ing. for Homestake cones on into its own as
competitor Is Silver King Coalition OF
Utah with s12.522 .3s5, Bunker Hi &
Sullivan ranks third with sl1,73I. 200 and
Portland with ss557. OsO Is afth and st.
Joseph. lead, OF Missouri, is sixth win
81 .05s.3 .357.
Among the metallurgical companies
present year totaling s6.6o6,2I6, and, since
INCORPORATION, $50. .246, 619. In the lead.
OF course. is the American Smelling
Refining company. at one time Termed
trance into the field OF the United States
and International companies 1t has no
longer monopoly Of the industry The
American company does not seem TO nave
low metal prices for II has declared so
far this year dividends totaling s2aoOOOo,
81 $50 900 OF this going to holders OF pre-
ferred stock and sl000.000 to holders OF
common. During its existence this com
pany has declared dividends totaling s52.-
a63, ,05s OF this amount bolders of pre-;
ferred stock received 6@n SSaisS3'o'S' o"9 and
In the securities holding class. men
toned before, Phelps. Dodge Co.. in
It's reoreanized state, leads for the pres
ept year with declarations totallng 81
24e73o It's nearest competitor in this
class for the year is Amalgamated with
sl.53Ss7S. In point of total dividends
paid. however. Rmalgamated is in class
by itself. for OF the sl00.246.6l9 paid by
these nine securities holding corporations.
II has contributed considerably over half:
or s62. .04O 437 Copper Range is second
with 1889, $40 and Ciu9genhelm Explora-
ton third with s9,301. .995.
The metal selling business has not been
as profitable during the last six months
as in former periods for only one COM
pany has made a declaration this wear.
This company, the United Metal Selling.
paid dividends for the six months total
ing $500. 900 and siuce incorporation $780,
500 600,