White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1911-08-13
JULY DIVIDENDS
SHOW INCREASE
SPLENDID RETURNS TO STOCK
HOLDERS IN FACE OF Dis
CoURAGING CONDITIONS N
METAL MARKETS AND PRICES.

The confidence frequently express
ed in these columns as 10 the con
tinued proitableness of operating
American mines by ~present-day
methods, is fully justified by the July
dividend returns, for SO companies
reported TO Mining & Engineering
World as having paid dividends total
ing s12.149.610. This showing made
In the face of diseouraging conditions
in the metal markets. low prices and
a necessary production eurtailment Of
certain metals. is unusually satisfae-
tory. for all at the regular quarterly
dividends due in July were promptly
paid. while a number increased the
usual amount. Two copper eompan-
ions were compelled to reduce the
usual rate. while one. the Old Do
minion of Arizona. doubled The rate
which It has paid regularly for
nearly two years. In the gold-silyer-
lead-zinc class. several companies in
creased the mou of their dividend
and a number of new dividend pay
ers were added.
The s12.14s,e10 paid in July
brings the years total to s53.os2.-
al. the companies participating
numbering IFS. These companies
have paid since Incorporation s722.-
Ts0.2l4. q return of los per cent on
the combined issued capitalization Of
,2o3. which compares very
~favorably vita the showing made by
other industries. This amount. how
ever. does not include tie profits Of
certain private and close corpora
items whose officials refuse to give
ont any statements of earnings.
large share of these immense
profits was added 10 the income Of
the security holding corporations.
which are interested in the operating
companies. for eight Of these we're
enabled TO pay dividends during the
present year amounting 70 ss.127.-
III. On their combined share capt.
tai Of s3Is.3ss.5o0 these companies
have paid since Incorporation. sl25,-
ssO.T51. a return of 40 per eenL
During the seven months OF 1911.
q Observation-Disclosures companies
distributed s23 .sso.s2s in dividends.
bringing their total to date 10 s21s.-
1895 which. Oh their issued cap
i~talization Of s2sI. 433.ioS. is a re-
turn equivalent to SO per cent.
OF these g gold-silve--Iead-zine
1ompanies. So operate properties in
he United States. and for the :
months of the year their dividend
disbursements totaled s13.654,5ss.
The grand total. since Incorporation,
5 s14s,007.510. an IS per cent re-
urn on their combined issued cap-
tai Of S1ss,l13.715.
Sixteen Canadian companies paid
~s6.74o.729 during the first : months
of 1911, and since Incorporation have
aid s3e.025,o21. q IS per cent re-
tim on the s54.O41.s35 capital.
n spite of general unsatisfactory
c. editions in Mexico. l. gold-silver-
lead-zine companies have paid in
dividends so far this year a total OF
So 24o.6o6. with a grand total OF
$~37.04s,s37. Upon their share cap
ita of s"37.777.75s this is a IS per
cent return.
Twenty-three copper companies.
all but n operating in the United
States. have paid in dividends during
the year s20.s77.sO7. and since in
corporation s~3s4.2ss.307. a return
of l7s per cent on the outstanding
capital OF s215.4s1.145.
Six metailurgical companies have
paid so far this year ss.4O3.741. and
they have a grand total to their cred
it of s116.13s,93s.
Two quicksilver companies have
paid dividends during the year total
ing $4,000. Since Incorporation
these two companies have paid So
22e, 900, a 2es per cent return on
the total issued capital OF $1,000
0Oe.