The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-03-06
PROFITS Of THE
MINE INDUSTRY
First Two Months of Year Sees
Vast Fortune Paid in
Dividends.
SILVER AND LEAD
STOCKS THE LEADERS
Certainly Room for Optimism
Among the Mine Owners
of America.

Certainly there is cause for feeling
OF optimism among American mine own
ers and operators, when according TO
reports made to the Mining World II is
shown that. although the year 1911 Is but
two months old. it has been possible. de-
spite continued general low price condi-
tions and production curtailment. for six
ty-two mines and works to distribute
among shareholders sl4 1920 $40. In addition
to these satisfactory dividend returns are
the disbursements of five securities hold
ing corporations, which. for the two
months OF the year. have divided among
widely scattered shareholders S2,294O OF.
Comparing these disbursements with
those OF the same period in 1910, there
is shown an increase of thirteen in the
S3,7e2, 2S4 In the amount OF dividends paid,
1t is also pleasing TO note that the
sixty-two companies participating in the
1911 disbursements have been able In the
years OF their operation to divide among
fortunate shareholders the enormous to-
tai of s394 4.los.l95. On the combined Is
Companies ,22o, ,9O9-this makes a re-
turn equivalent to 81 per cent.
Return on Investment.
OF the sixty-two mines paying divi-
dends this year, forty-ave are classed as
gold-silver-lead-zinc producers and their
disbursements totaled S6,sIb,O3O. as
against s4,ss7.13i paid by fortythrec
companies during the same period In
1910. Since Incorporation the forty-nve
companies mentioned have divided among
holders OF their stock total OF sl25.052.-
597, 80 per cent return on their SlSo,-
7S5,45s outstanding capitalization
Twenty five OF these forty.hve COM COM
States. and they contributed to the two
months total S3.5sS,722. and since incor-
,no % apspa ps5 Of he
ss.5ss.722 paid out, in dividends in the
United States by these twenty-five com
panies SO far this year Neyad2 ;dssf9 e9n&rl6 Gnr
S1,77a.549: Tonopah. $500, 900; Tonopah-
Belmont. SEE. 900; National sl2o. 900.
Nine Canadian companies. al operating
tarto. contributed TO the two months
total TO the extent OF sl.9o2. 205. with
total for these companies to date OF SIS
IL per cent on the Issued s2s.3T4.005 cap
italization Nipissing continues as
leader having distributed s4oOOo0 among /
its shareholders.
Eleven Mexican companies report hay
ing paid dividends so far this year total
ing 81 ;sI5. los; and since incorporatiSSn
s20.3iS2s6. a 123 per cent return on the
s16.523.073 issued capital.
Copper Profit-Makers,
Included In the sixty-two mines pay
ing dividends in 1911 arc thirteen copper
properties all In the United states. and
which contributed $50l5.363. In the same /.
period in 1910 only nine reported as haY-
ing paid dividends and the Total amount I
was s2S2s.i9o The thirteen companies /
mentioned above have paid dividends 1
since incorporation total!ng Sio6. +i3,222 I
n 139 per cent return on the sl43.22l 500 ,
is@ued capital. Nearly one-hali OF the /!
2 mount paid out during the two months |
reriod came from tho newly reorEdniZed |
: uaconda company-s2.l1O,000. The Ari- |
Zrua Copper company contributed S4b2,- /
2S5 for the year and 10 date has distrlp-
uted among its shnreholders-mostly In /
Scot 'snd-sli .S59.G05. United Verde KEPT I
IN its regular monthly distribution OF /
500. 600 making Ss50.000 distributed for /
the year and S27.S9I 900 to date. Bos,
Ton s. Montana contributed TO the total
for the two months 100000.
Three metallurgicai works having an
outstanding capital OF $3.50. ,6@,9oD. paid |
during the first two months Of the year
S2in9 .4s2. making their total dividend !
splendid record considering that these
corporations have been In existence only 1
about twelve years. The American Smelt-
ing II Refining company naturally heads
the list, having paid so far this year 81
3T5. .000-sS15. 900 to holders OF preferred |
stock and $500. .ooc TO holders OF common.
AT the head OF the securities holding
corporations stands Amalgamated, whose
dividend disbursements this year totals
sI69, +39- Copper Range Is second with
so76.2I1 TO its credit. while Mines COM
pany OF America ranks third with $3.50. 900
Outlook for March.
Judging by the reports already made 10
the Mining World the. month Of March
will prove an exceptionally Interesting
period to holders OF stock In American
mines and works.
The accompanying table gives the
amount OF dividends paid during Feb
ruary. the date OF payment and amount
February Dividends.