The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-09-04
PROFITS OF MINING
COMPANIES THIS YEAR

The showing made by dividend paving
American mines and works during the
first eight months Of 1911 is certainly
commendable in view OF the unsatisfac-
tory condition Of the metal market By
reports made 10 Mining and Engineering
World, 13+ companies distributed among
shareholders dividends totaling 1855
3IS. Not included in this amount is the
declarations OF the eight securities hold
ing corporations which during the same
period, enriched their stockholders TO the
extent OF 50 ,Se6.556.
Comparing these figures with those Of
the same period In 1910. II Ia found that
there was gain In the number OF conf
panles participating during the 1911 pc
cause for congratulation. when IL is
taken into consideration that conditions
governing production have So far this
year been anything but favorable.
According to the figures available II is
found that the 1874 companies mentioned
above have returned to shareholders in
dividends since incorporation s725. .246.-
139. or 1886 In excess of their is
sued Capitalization, remarkable show
Ing when the excessive capitalization OF
large number OF the companies is taken
OF the 1874 companies contributing to
the 1911 total los are classed as gold
silver-leadzi producers. with dividend
disbursements for the year amounting TO
S2o,090,6 sol and to date 1921 .235, ,726. an
S. per cent return on tho outstanding
S26S.sh9.7 .70S share capital.
Twenty three copper properties. all but
one in the United States. despite low
metal prices. have divided among holders
OF their stock profits. In the shape Of
dividends, amounting 10 2l.1O7,2S5 This
added TO their declarations prior to 1911
brings the total for these twenty three
companies TO 1884 51T.7S5 n sum 1853
o3S.6 in excess OF the combined issued
capitalization. or an amount equivalent
TO li9 per cent return.
OF the l3t companies mentioned above
slxly-eight operate properties i'm the
United States and they contributed 10
me present years total s1i,356.929. Since
Incorporation ,sl5o,St1,95i has been dis
tributed. an S5 per cent return on The
outstanding Sl73.730:2l5 share capital
sixteen Canadian companies contrib
uted sI,2S9 o66 10 the years total and
$50, 81. .93S since their Incorporation. a
56 per cent return ON their issued share
capital OF s5O,041 ,6S5.
The year In Mexico has been one OF
greatly diminished production, but eight
profits, though largely reduced with
shareholders to the extent OF $500. coo
To date these companies declared divi-
dcnds totaling sS7. .2Og s37, a "a per cent
return on the outstanding share capital
Six metalurgical companies have dem
onstrated that profits in this department.
OF mining are influenced 10 some extent
by low metal prices. The dividend paw
sS,o3T43O compares with slI ,269, 500 by
seven companies during the Same period
In 1910 Since incorporation these COM
panies however. have made n b5 per
cent return 10 holders OF their stock. or
S116.27262s
The securities holding corporations.
eight In number. had a moro profitable
eight months period than they did in
1910, for S9,S96.55S was distributed as
against s9,109.1 $50 In 1910, by nine cor
norations, Since incorporation these eight
among stockholders, Il 40 per cent return
on the capital Issued.