The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-07-07
MINING BUSINESS
YET PROFITABLE
Enormous Total of S34, 000,-
600 Paid in Dividends First
Half of Year.

That mining. when carried on in
conservative. business-like manner, is
a pretty profitable business, must be
admitted by the most skeptical when,
in a half year in which most unsat-
isfactory metal market conditions
have prevailed, as shown by figures
presented BY the Mining World. 112
American mines and metallurgical
works are enabled to pay dividends
totaling S34.21S.102. Since they were
Incorporated. those 112 mines and
works have distributed among the
holders Of their stock the enormous
sum OF S63l .069.02i. on the combined
issued capital OF these companies.
1854. 267.55O. this makes return in
excess Of capitalization of S66,S0l,524,
or III per cent.
Then. too. there are the dividends
declared by mines securities holding
corporations which. in the first half
OF 1910, totaled S7.397,223. on the is
sued capital Of these companies. which
Is S314.172.125. has been paid since in
corporation a total Of s1O9.S66.447. or
a return equivalent to "a per cent.
Then there are hundreds Of close
corporations and individuals, from
whom no reports are received. which
go to swell the total.
II is found that the coppers are the
most prolific in enriching their share
holders. for 10 of these. all but one
operating in the United States. have
contributed over one-half Of the grand
total OF 1851. O69.O24. or S33g. 50O.1 40.
Paying this on a combined issued cap
italizRtiOn Of S113.S93.114 II is seen
that returns have been made OF more
than three times their issued capital.
or approximately 300 per cent.
Utah Copper Leads.
For the six months Of the present
year the newly enlarged Utah Copper
company leads with a disbursement
Of S2.29O,2OO, while Calumet & Hecla
is second with S1.5OO.OOO. United Verde
third with S1,35O.O0O. and Anaconda
and Nevada Consolidated tied for
fourth place with S1,2OO,OOO. From the
standpoint Of total dividends paid by
copper mines OF the United States.
Calumet & Hecla IS far in the lead
with S112.050.OOO. while Boston & Non
tana ranks second with s61.625.0OO.
Anaconda Is third with sac 500. 600.
United Verde fourth with S25.597,OOO,
and Quincy fifth with $19.192.5OO.
OF the gold-silver-lead properties
contributing to the dividend total so
far in 1910. there are SIS which distrib-
uted S14,747.560. Far in the lead for
the six months is the Goldfield ConsoI-
idated which. during the past half
year, divided among shareholders S3.-
559'ssS. remarkable achievement for
present-day gold property. TOno-
pah, another remarkable Nevada prop
erty, ranks second with S7OO. 900 dur
ing the half year. Bunker Hill & Sui
Ivan, the premier lead producer, is
from It's operation on lOw-grade ore
gets a ranking Of fourth for the half
year with S436,OOO. Camp Bird is a
close fifth with S393.600. From the
STANDPOINT OF total dividends paid.
however, there is considerable
change In ranking. for HomestaIxe
comes into its own as the leader with
Sls,4lO.55O. Its nearest competitor is
SIiVer King Coalition Of Utah withs12.-
522.SS5. Bunker Hill & Sullivan ranks
third with s11.737,2OO. and Alaska
Ireadwen fourth with s11.135.OO0
portland with SS.557.OSO is fifth. and
-; oseph. lead. Of Missouri. is sixth
SmeIter Trust Pays
Among the metaIlurgical companies.
seven have distributed dividends the
present year totaling S6.696,276 and.
since incorporation. S1OO.246.61g. In
me lead. OF course, is the American
smelling & Refining company at one
time termed the "smelter trust" but
since the entrance into the field of the
united states and International com
panies II has no longer a monopoly OF
the industry. The American company
does not seem to have suffered to any
great extent by reason Of low metal
prices, for IT has declared so far this
year dividends totaling S2.75O.O0O, ST.
100000 OF this going to holders of pre-
ferred stock and s1.OOO.0OO to holders
OF common. During its existence this
company has declared dividends total
ing S62,s6S,O53. or this amount hold
ers Of preferred stock received Ss4-
963.O53 and holders Of common SIS
OOO. 900.
In the securities holding class. men
| toned before, Phelps, Dodge & Co. in
It's reorganized state. leads for the
present year with declarations total
ing S2,246,730. It's nearest competitor
! in this class for the year is ANAL
gamated with S1.53S.S7S. In point OF
total dividends paid. however. Anal
gamated IS IN a class by itself for
OF the S100.246.6I9 paid by these nine
securities holding corporations. il has
contributed considerably over half. or
$b2,O40,451. Copper Range is second
with s9.9S2.S1O. and Guggenheim Ex-
ploration third with S9.S01. 1896
Metal Selling Less Profitable.
The metal selling business has not
months as In former periods, for only
enc company has made a declaration
this year The United Metal Selling
paid dividends for the six months to-
falling 100000, and since Incorporation
Il must be remembered that in ALI
of the foregoing the dividends men,
| toned relate only to companies paving
dividends in 1910. They do not include
reference TO the hundreds OF millions
vious to this one.
Utah companies contributed the to-
tai Of S4,3S2.552 to the dividend nav
ments for the first half of 1910. as
Boston Sunshine. ....S 5000
COlord0 ..-....-- ...-...... 10000
Oaiy west ..--.-............ los. 900
1Eahu central ............... $4,000
ron blossom --.......--...... 100000
little Bell ------.--......... 10000
SnNeT Hlng coalition ....-... ISL. 500
Sioux Consolidated ....... 29.s16
i !. tlelttA 10000