The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-10-10
MINING INDUSTRY
IN GOOD POSITION
Dividends During Last Nine
Months Gain Over Period
Last Year.
COPPERS PROSPEROUS
Figures Show The Enormous
Profits Shared by the
Mine Owners.
COPPERS PROSPEROUS

In considering the anything but -satis-
tactorS-. condition OF American industrial
AFFAIRS tho returns by 13s American
mines and moksllurgical works during
the lirst nine months OF 1911. In reports
made TO the Mining and Engineering
World. would Indicate that mining is an
industry of great stability.
AS compared with the same period of
1910 the returns for the first nine months
OF the present year show an increase In
dividend payments 10 tho extent OF ap-
proNimately 100000. while the number
OF companies paruclpe ding was increased
from l23 10 l3S Adding the S6G,S79 427
paid during 1911 by these 13S companies
10 their previous payments gives them a
total dividend disbursement since incor-
poraiion OF SI31. .6sS. .S3S. l05 per cent re-
turn on their outstanding capital OF $685..
4Sb.5'5. This amount~docs not Include the
disbursements made By the eight securl-
ties holding corporations. which so far this
year have paid shareholders Sli $40. 92l.
and since Incorporation, $i20, ioS, 500. While
IL Is true that the revenues OF these lat
ter companies are largely derived from
stock held In operating companies n
considerable portion comes from the opcr-
alton OF properties owned wholly by them.
Increase From Coppers.
Comparable with the same period in 1910
the copper properties during the present
year have shown considerable improve
nent in point OF dividends paid. FOR twen-
ty-three of these (Ihe same number CON
tributing In l9IoJ show a gain in dividend
isbursHments-$2fO Oi7.il3 In the nine
months OF 1911. as against tIs. .4S2.1Ia in
1910. In total dividend disbursements
these iUcuty-threc copper properties have
Welded profits in the form OF dividends
cent return on $2l5.iSl.li5 Issued share
capital.
The properties classed rs gold-s silver
lead producers. l07 In number con-
tributcd 10 the present years total 10 the
extent q F2Gol3.919, as compared With The
disbursements OF S2s.i39. ss5 by ninety y-one
companies during the same period in 1910.
To date these loI companies have en-
.rChed shareholders In the sum of s223,
hss.6P2, q return equivalent 10 81 per cent
on the S210.Sl2,SIS issued share capital.
SIX metalurgicsl companies also par
tlctpated in The present years total with
S9.6s6.055 10 their credit and Si17i2i. .233
During the same period In 1910 seven com
c64 Sl'e' '' '"'S ''''S '0"'''O"'eo Si-'i'''
Number of Mines.
Two quicksilver companies paid diyi-
dends this year amounting 10 $4,000. !
making their total TO date $500, 600. re- !
turn or 26S per cent on the l,2O0. coo out |
standing capital.
In classifying the dividends paid hy
American mines aud works during the /
iirst nine months Of 1911 We find that
twenty-five copper properties out Of the !
twenty-three contributing are operated |
in the United States, and they disburscd |
al but SliI.926 OF the years total OF $23.- /
sfo.ss7 OF The l07 gold silver-lead- zinc .
properties seNcnty-two arc operated In the F,
United Smtos sixteen In Canada and |
eighteen in Mexico. with payments for |
the year totaling $i5.152,0S9. $500, 7sl and |
SI.iSS.09J respectively.
The accompanying table gives the |
amounts OF dividends paid during Sep
icmber. the date OF payment and the |
amount per share: