El Paso herald. (El Paso, Tex.) 1901-1931, 1911-12-13
DIVIDENDS Of
MINES LARGE
Notwithstanding Conditions
Generally, Mining Has
Not Suffered

Chicago, Ill, Dec. 1S.-Despite the
fact that a number of leading compa-
MES which, according to past perform
ances, were expected to make a No
vember disbursement, passed the event,
dividend declarations by American
mines and works during the month in
creased to a considerable extent the
years total. According to a careful
compilation made by Mining and En-
cheering World, the II months Of the
year have been profitable to holders
of stock Of saneIy-operated mining
properties to the extent Of $75,052, 757-
Participating in these disburSem ents
were I49 companies, 112 operating in
the United States, 19 in Mexico II in
Canada and one in Central America.
The profftableness Of legitimate min
ing could be no better eXemplifted
than by the total disbursements Of
these 149 companies. which, including
the November declarations, reach the
enormous total Of S466, 1882. This
based on the total issued capital Of the
I49 companies, is equivalent to a re-
turn of 107 percent, or approximately
$50. OOO, 600 in excess Of the outstanding
capital
Security Dividends.
Not included in the above disburse-
ments are those made by eight securl-
ties holding GOIDOEdL4DAS " A4Cob RApA-
its are derived from holdings in other
companies. The declarations made by
these companies during the IL months
of 1911 total 12,S48,39O, and since in
corporation $lSO,6Ol5Sf a 80 percenI
return on their issued share capital OF
At the head Of the list for the II
months Of 1911 stand the companies
classed as gold silver-lead-zln pro-
ducers for 10 of these divided among
their shareholders S35,O93,l56, making
their grand total since incorporation
s949 519O74 an So percent return on
the outstanding $2S4,O14,6lS snare cap
ital.
United States Dividends.
OF the 115 companies mentioned
above. 79 operate propeL o-,i7f M 10
fhe II months total s2O,909,S96, and to
date 1854 SO2S59,
Sixteen Canadian companies IN the
above class have maze mace re. tlfa1i,9
se 6S4e27 and since Incorporation $685.
1esnite the unsettled condition Of the
important mining regions OF MeAICo
during the greater portion or the year,
ID comDanies in that republic We're
able to make dividend disbursements
totaling s4,454,133- Since incorPoIa-
ton. however, these companies nave
total disbursements to their credit OF
81. $685. a 1872 percent. return on their
total issued capital of s4L531.12S.
Copper Dividends.
Although ranking second for the
wear in point of dividends paid. with
S27. 9B6.168 to their credit. the copper
companies are far in the lead in total
disbursements since incorporation, 26
having divided among shareholders the
enormous total of s399.890. 594 This is
equivalent to a return Of 18Z percent,
or $3.50. 1855. 499 in excess Of issued cap
italization All but one of these prop
critics are located in the United States.
Six metallurgical companies paid out
in dividends this year Sl1.695.517 and
since incorporation S119,530,715, a 81
percent. return on the capital outstand-
ing
Two quicksilver companies report
paying dividends this year amounting
credit since Incorporation. a go per
cent return on their small issued cap
itaI OF S1,200,000.