Bisbee daily review., 1911-09-10
MINING PRODUCTION
 OF TIE PAST YEAR
Satisfactory Figures Compiled by the Mining and Engi-
 neering World

ilCCllitS fFOiiN 1 The showing made by dividend paying American mines and works during the first eight months of 1911 is certainly commendable in view of the unsatisfactory condition of the metal market.
 By reports made to the Mining and Engineering World, 134 com panies distributed among sharehold- CTS dividends totaling s54,S65.316 Not included in this amount is the declaration of the eight securities holding corporations which during the same period, enriched their stockholders to the extent of ss.- s96,556.
 Comparing these figures with those of the same period in 1910, it is found that there was gain in the number of companies partieipat- ing during the 1911 period and in the total amount paid, surely 8 l taken into consideration that eondi- tions governing production have so far this year been anything but ia vorable.
 According to the figures available 1t is found that the 134 companies mentioned above have returned to shareholders in dividends since in corporation s725,246,13s. or s91.7l3,- 336 in excess of their issued capi. talization, remarkable showing when the excessive capitalization of large number of the companies is taken into consideration.
 Of the 134 companies contributing to the 1911 total, 103 are classed as
 old-silver-lead-zinc producers, with dividend disbursements for the year amounting to s25,090,e01 and to date s221. .235,7 ,726, and S3 per cent return on the outstanding s2ss, ,S5s,7OS share capital.
 Copper Properties.
 Twenty-three copper properties, all but one in the United States, despite low metal prices. have di- vided among holders of their stock profits, in the shape of dividends, amounting to s21,1O7.2S5. This add. ed to their declarations prior to llslt brings the total for these 23 companies to s3S4.517,7S5, a sum S169, ,036,6 $40 in excess of the com bined issued capitalization. or an amount equivalent to 179 per cent return.
 Of the 134 companies mentioned above, 6s operate properties In the United States and they contributed to the present years total s14.S55,- 92s. Since incorporation s150.341s- 951 has been distributed, an s6 per cent return on the outstanding Si73,- 790,315 share capital
 Sixteen Canadian companies con itributed s7,2s9,O66 to the years to- tai and s3O,623,93s since their in- Icorporation, a 56 per cent return on their issued share capital of s54.- lO41,6S5.
 The year in Mexico has been one of greatly diminished production, but IS companies found it possible 10 share profits. though largely reduced, with shareholders to the extent of $3, 400, ,6O6. To date these companies declared dividends totaling s37,209,- IS37, a 94 per cent return on the out. standing share capital.
 MetalIurgicaI Companies. Six metallurgical companies have demonstrated that profits in this de lpsrtment of mining are influenced Ito some extent by low metal prices. The dividend payments of these six companies this year of ss,537, ,430 compares with s11, ,26s, 500 by seven companies during the same period in 1910. Since incorporation these companies. however, have made a 55 per cent return to holders of their stock, or $116,272,62s
 The securities-holding corporations, eight in number. had a more profit able eight months period than they did in 1910, for ss,ss6.556 was dis tributed as against S9,109,15s in . 1910. by nine corporations. Since incorporation these eight companies } have divided 127,65O,1sO among , stockholders. a 40 per cent return on the capital issued.