The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-05-08
FOUR MONTHS Of
MINING PROFITS
American Companies Pay Out
Over Thirty-three Millions
Of Dollars.
ONE HUNDRED AND TEN
IN DIVIDEND LIST
Splendid Record Despite the
Prevailing Low Prices of
the Metals.

To those who have an abiding faith in
the profita bleness OF mining when carried
on as any reputable business should be
carried on, il will be source OF extreme
qualification TO learn that. according 10
reports made to the Mining World, the
first four months of 1911 have been un-
usually profitable To holders of stock in
American mines and metallurgical works.
From these reports II is learned that
10 mines and works have, during the
period mentioned. distributed among
shareholders S33,l3i.745. While there have
been similar periods In other years in
which greater total disbursements were
made. none however. have been 80 handi-
capped by reason OF unsettled and un-
satisfactory metal market conditions as
has been the past four months.
While the above does not include dis
eursements made by all American mines
and works. including private and close
corporations and individuals. II Is repre-
sentative Of the profit sharing going on
as a result OF present-day mining.
While largely dependent upon the profits
of some OF the above companies for their
dividends. the declarations OF the seven
securities holding corporations can be
added to the total for the four months
so.O39. I2o-making grand total Of
sSs,ls4.465.
AS an Indication OF the continued earn,
ing power OF these mines and works. re-
ports to the Mining World show that the
l10 companies mentioned above have,
since their Incorporation. yielded profits
IN the shape Of dividends 10 the extent
OF the seven securities holding corpora
tons brings the total of the disbursements
OF the companies contributing TO the 1911
total 10 sS0l, ,069, ,951.
On the s654 .925. ia issued capital OF the
mines and works the S6s0,9ll.s29 dis
bursed by them is equivalent TO a return
OF 100 per cent, The sl2o.l5S, paid by
the securities holding corporations is
equivalent TO a return Of SO per cent on
their issued capital OF 1910, ,l25
In classifying the various dividend pay
classed as gold silver lead zinc producers.
numbering so. are in the lead with S14.-
9e4,$60. Since Incorporation. however.
they rank as poor SECOND u to the coppers,
the 23 coppers have disbursed since incor
poration S316.4lI, 731 being equivalent To
q return Of lis per cent on the issued
capital as compared with 81 per cent of
In the United States % copper compa :
MES disbursed in 1911 TO the end of April
the gold -silver-lead zinc class. Among the
latter Goldheld Con. holds the lead with
Sc. o9S. with Tonopah, another Ne
ysda Va property, is second with 100000.
reason OF its recent merger, easily leads |
for the year with si.22o0oO.
sixteen Canadian properties have con-
Of st.231,729. Npissing leading with
5000 600. and Mckinley -Darragh- Savage |
second with S6I4,0S0
In Mexico. despite the internal troubles
which have intcrfered somewhat with |
mining operations. fifteen companies have
so far this year distributed g.. 165. .59i, Sor-
pres9 leading with S6o2. 500.
six mettallurlsical companies, operating
plants in the United States and Mexico
are credited with dividend declarations
during the past four months totalIng
s6.l 1864. American Smelter leads with
81. 600, with Il. :. Smelling & Refining
second with 81, POI 5s6. or the seven Sc
surities- holding corporations, Phelps
Dodge leads with 81 1122365