Arizona republican., 1910-09-29
MINING SHOWS BIG PROFIT.

From reports made to the Mining World it S apparent that there are substantial profits in mining even though the prices of the principal metals are at a most unsatisfactory base. In d compilation of the divi- dends paid during the past eight months, the Mining World finds that 12O American mines and metallurgi- cal works distributed among share holders s4S,3O1, 1,333, which added to the dividends previously paid by these companies brings their total disburse- ments up to $655. .060,659. a 119 per cent return on their $529, ,124.957 com bined issued capitalization.
 While this does not include the dividends paid by many close corpor- deriving pecuniary benefit from the mining and metallurgical industries. it is fairly representative of the pro- fits made as a result of legitimate mining Then. too, there are the div idends declared by the securities holding corporations. which derive their profits from their holdings in other corporations.
 The so-called gold -silverlead pro- dcers leaed in the total amount paid during the year, having s20,741.7 to their credit to the $15,450,012 paid by the copper companies. Of the former amount, United States mines 5 in number, contributed SIP 2,577, ,125; 14 Canadian companies, all but two in the Cobalt section of Ontario, con tributed $5.136.693. and 20 Mexican companies. s2,S46,S37.
 Far in the lead among the mines of the above class is Goldfield Con with 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. TOnopah, also of Nevada, is second on the list with s1, 10000 with the Homestake third with $645, 900.
 Twenty-one copper companies in the United States have paid so far this year dividends aggregating s15.- 440,012. To date these properties have yielded profits in the shape of dividends totaling $341, ,S13.37O, a re- turn equivalent to 2S9 per cent on the combined capital of $11S,S93, ,114
 The leader among the coppers is the Utah Copper company. with a record of dividends for the eight months of the present year of s2,307.- FPS. Anaconda and United Verde are tied for second place with S1.SOO.OOO each. while Calumet & Hecla ranks third with s1,5OO,OOO
 
 demonstrated that profits in this department 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 by these seven companies so far this year total s11.269. .OOO, as against a delcaration for the same period in 1909. by six companies. of S7.619. .393. The seven companies mentioned have distributed dividends among stock holders. since incorporation, amount ing to 1O4.S19.943. 40 per cent re- turn on the issued capitalization. American Smelling & Refining leads with s4.125,0O0. as against s3.427. 800 during the same period in 1909. In ternational Nickel ranks second with $2,S71 1895. while United States Smelt- ing is third with $1,S02,379
 , One metal company has paid div idends so far this year of $75O, ,OOO, and one quicksilver company S90.0O0.
 During the eight months of the year the nine securities holding cor pOrations, mentioned above. have paid dividends totaling s9,1O9.15S. These corporations during the first eight months of 1909 paid sS.439, 73O, show ing approximately a half million gain in 1910. Amalgamated Copper leads with s2.30S,317, with Phelps, Dodge X Co. second with $2,246.730.
 Thus it will be seen that. despite conditions that are not considered normal, the mining industry in 1910. will be one of the most satisfactory in the annals of the industry.
 The accompanying table gives the dividends paid in August. with the amount per share: