The copper era and Morenci leader., 1912-10-11
B|G DIVIDENDS PAID
 THE LAST YEAR (
Profits are increasing, September Be ing the Largest Month-Those Holding Copper Stocks Are Now Getting Back Their Money
 in Liberal Payments.

One of the most prfiotable nire month periods in the history of div idend-paying mining companies closed with the month of September. Dur ing that period mining companies oper ating on this continent paid out to their stockholders no less than $65,- 900,000 the last month, September, coming in with a total of $9,721, ,945.
 These figures give some idea of the profits being earned and distributea by the mines of this contoinent, most of which are situated in the western part of this country, with few in Mexico, Canada and Alaska. An even more graphic idea may be conveyed in considering the fact that holding com panies, owning the stocks of opera ting mining companies, and metallur- gical companies, making their profits out of the reduction of ores furnished by the mining companies. added over $25, 100000 to the sum given.
 Or again considering the amount paid by these companies s--the min ing companies, the holding compan- ies and the metaliurgical companies during this nine month period and comparing these figures with tEe sums paid in the corresponding per iod of last year and the year before, the great gain in profits which is be- ing made, is clearly. shown.
 Comparative data compiled by the Mining and Engineering World, reveal that in 1912 there were 1855 mining companies contributing to this totaI of $65. 90O,543, a gain of s5,O21,12i over 1911, when there were 13S com panies in the dividend list, and gain of ;$11 ,023, ,139 over 1910, when there were only 123 contributing.
 It is shown further that the ninr the foregoing figures $10,992,523 in 1910; s11,649, ,921 in 1911, and $14,12),- 904 in 1912; while the metallurgical companies have to their credit for cor responding periods the sums of SIP. 175,O64 in 1910, S9,6S6, 0O5 in 1911, an1 given illustrate in striking manner the fact that the lowest point O. th> downward swing since he boom of few years ago was reached in 19!l. and the. even more significant fact that a quick upward movement is now un- der way.
 Additional comparative data, pro- ing that greatly increased profits are being earned this year as a whole will be one of the most prosperous in the history of the mining industry, are as follows:
 In 1910 there were 1O7 compan'a in the gold-silver-lead-zinc class which paid during the corresponding niln- months period a total of s27,013,979. This number dropped to 91 last ye r., paying out $23, ,139,S65 while this yeac the number of companies has risen n 1O1, and the amount distributed has come up to $25,356,S79
 The copper companies, which in- clude a number of the largest minin4 companies in this country, have made an even more gratifying increase Il that the amount distributed has rise: from S19,42S,11S in 1910, to S24,04 413 in 1911, and BPS, S,S2O, 42S during the present year.
 Incidentally, it may be we'll wocth while storing away in memory tn facts that he mining companies pa ticiDa ing in the dividend list durih-5 ;he past nine months Of t!lis yea, nave paid out to tneir stockholders :' grand total Of S1"6 SG7 S32. to which the securities-holdinG TO npanies har% added S147,32H.%91, and the metaliUr:;;: a. companies $ll", 173, 43S-;n ali COT