Mohave County miner., 1911-02-04
s2 3o3, ,ses$ In Dividends Paid By
 American Mines In Year Of 1910.

lcan mines and metallurglcal works aggregated S2,3O3, ,996s. Since their incorporation these IA companies have distributed in dividends to for tunate holders of their stock the enor- nous sum of 727, ,527, 1928, reports the Mining World. On the combined is sued capital of these companies-707, 242, l28S-this IS equivalent to a return of l02 per cent and is 20,2S2, ,364S in excess of their issued capital. When the millions of dollars that have been spent in the building of plants, the in- stalling of equipment and for labor and supplies, etc., is taken into considera- tion, one cannot fail to be impressed with the magnitude and protitableness of the American mining industry.
 Large profits not included in the above have been divided by numerous private and close corporations, to say nothing of the vast sums that have been earned by smaller mine owners and prospectors. Labor, machinery and supplies, transportation and the multitude of incidental necessities for operating mines and metallurgical works, have all required extraordi nary disbursements-su of money which few other industries are capable of earning.
 Besides the large dividends declared by the mines and works there were distributed at regular intervals during the year vast profits by corporations whose revenue is obtained chiefly from the securities which they own in operating mines and works. For in- stance, during the year just closed, nine of these securities holding cor porations paid dividends to their for tunate but scattered shareholders amounting to 15,6S3,57 Since their incorporation these nine companies have distributed LIS, l52, ,SO3S which is a return of 37 per cent on the com bined issued capitalization of 3l4, l72,- l25S. It is of interest to note in con- nection with the issued capital of these corporations that it is nearly half as large as the combined issued capital of the IA mines and works paying dividends in 1910.
 By subdividing the dividends paid by the IA mines and metallurgical uro,lys ir IQIO ura fp1 that tha rror critics chased as gold-silver-lead-zinc producers hold the lead in point of dividends paid in 1910. These, to the number of 1O9, shared with their stock holders during the year 35,970, ,9S7S. Since their incorporation these con- panies have enriched holders of their stock to the extent of 23l, ,666, ,544S. This is equivalent to SS per cent on the issued capital of 26l, ,O5S, ,564S, and is only 29, 393, ,02OS short of returning the issued capital of the companies.
 Of these IA companies 67 operate properties in the United States and they contributed to the years total of dividends paid, 9,93l, 7sOS Since in- corporation those com panies have dis tributed 47, ,6O1, ,O38S, return of S9 per cent on their combined issued cap ital of l75. lS9, ,7O9S.
 Far in the lead of all American gold or copper mines, in fact in the world, in point of dividends paid in 1910. is Goldfeld Consolidated. The record of this remarkable property in 1910 is a gross production valued at 1O,958. 76SS. a net profit of 7,778, ,955s, and dividend payments of 7,118,27lS. It has paid dividends since incorporation to the end of 1910 amounting to 1,027, ,SS7S. According to the officials of the con- pany the present ore reserves are suf- ficient to maintain its present daily mill capacity of an excess of 800 tons. Tonopah Mining, another Nevada property, but whose product is mainly silver, is second on the list for the year with 1.5OO,OOOS. On its 1000, ,OOOS issued share capital this company has made returns to its shareholders equivalent to 645 per cent, or 6,45O,- OOOS.
 Despite the so-called ''lean" year holders of American copper stocks were enriched by 26 companies in 1910 to the extent of 29, ,724, 1898, several million dollars in excess of what was distributed in 1909. Since the incor- poration of these companies dividends to the amount of 374 ,422. AIS have been paid. On the issued capitaliza-