The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-10
HARD TIMES VS..
MINE DIVIDENDS
Mining Industry Is Progressing
Toward End Most Prosperous
Year of History.
PROFITS PAID in
EXCESS OF RECORD
Low Metal Prices Have Not
Kept Earnings of the
Mines Down.

Owing 20 the unsatisfactory condition
OF the copper and other metal markets
during the earlier part OF the year II was
generally believed that 1910 would not be
d profitable year 10 the holders OF stock In
American mines and metallurgical works.
With the closing Of the third quarter of
the year, however, Judging from the fig
ures availe bic to the Mining World, the
year, IL Is believed, will close with a rec
ord OF dividend disbursements greater
than that for any year In the history of
the industry.
Between January I and October !. 1928
TO the Mining World have paid dividends
toraling sos, ,SS1 .041 as compared with
sSb.9 AIS paid during the same period
In 1909 by lo3 companies. That the diyi-
dend payments OF these mines and works
are of regular occurrence is proved by
the fact that since Incorporation. they
have yielded profits which permitted the
disbursement among shareholders OF the
enormous total of s6S0, ,S3S 1.l. This is
equivalent to return OF ll3 per cent
on the total outstanding capital OF $780,
I4T7S4
In addition TO the above there was de-
clared during the nine months cf the year
slO992.623. as against S13.lS T.595 during
the same period in 1909. Since incorpora-
shareholders s1l3 +61 ,747. 80 per cent
return on the s34l172.l25 issued capital
ization.
Then too. there are large profits which
have been divided by numerous private
and close corporations. to say nothing OF
the vast sums earned by smaller mine
owners and prospectors.
or the 123 companies contributing to
the years total. 81 are csssed as gold
silVer-lead-znc producers. and which
contributed s23 $50 to the 55.Ss7. .o47
total Or these - operate properties In
among shareholders slS, i29. 500. Four
teen Canadian companies. 10 operating In
Ontario and four in British Columbia,
can companies participated in the distri~
button 10 the extent OF 81. .65s. $50.
Twenty-three copper companies. all but
one operating in the United States,
nine months OF 1910 si94s2.l1S During
the same period in 1909. Is companies
distributed s14,s54.o22. On their com
bined issued share capital of s119 Ss3.1l4
a return equivalent to $50 per cent has
been made since incorpora alton. which
means that 1853 232. .e5S has hecn divided
among shareholders.
Seven netBllurgicol companies having
an issued capitalization Of s225. 1911 $50
have paid TO shareholders s106, ,725,4 ,4o7.
return equivalent TO +6 per cent. So far
distributed s12.l75,oe4. as compared with
ss.43l.o44 during the same period in
One metal-selling company. the United,
w 'NS |hN'tt 'h's Sdi ol.Vo'.'VV anu
since incorporation s1i .00e 900 800 per
cent return on the s5.ooo.ooo capital is
sued.
One quicksilver property. the New ID
ria. has been operated during the year to
the profit of stockholders 10 the extent OF
$4,000. and since Incorporation 81 ESQ 600
has been distributed.
The ACCOMPANYING table gives the 6iyj-
dsnds paid In September. with the date
OF payment and the amount per share
Dividends Paid in September.