The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-04-13
BIG DIVIDENDS PAID.
Nearly s22,ooO.ooo Paid in First Quar-.
err by SO American Mines.


With 50 American mines and works
contributing dividend Disbursements
during The first quarter OF 1912. ac-
cording 20 reports made t. Mining <
Engineering World" totalcd 81. 70O.-
$50. This compares with S2LS49.O31
IN the same period In 1911 with 80
mines participating Had IL net been
for the falling on in disbursements
made by Canadian and Mexican COM
panies the quarters declarations would
have made a record in American mine
dividend payments.
When IL is taken into consideration
that these dividend payments result
from the operation OF only gold oliver
copper, lead zine and quicksilver
mines. and do not include the millions
OF dollars paid by other companies
whose products include coal. ron. pc
trolcum. cement etc. and IN addition
the so-called rare minerals The mag !
nitude Of the American mining indus /
try can be better understood.
That the operation of gold. silver /
copper. lead. zinc and quicksilver prop /
critics has long been profitable. taken /
as a whole. Is evidenced by the divi-
dend payments OF the aforementioned
10 companies, which have, since their
incorporation distributed among share
holders total of $3.50 663272.
For the first time in many months
BY reason Of the improved prices for
the red metal the copper properties
assume tho lead in dividend payments.
the quarters disbursements showing
that, with 10 companies contributing 2
nearly one-hah OF the quarters tot.l- \
or $9.i9S.21S-was paid by The produc D
crs of copper. These 10 properties have q
certainly had a most profitable career I
for, 10 date, holders of their stock have G.
been enriched 10 the extent OF ,3-S.- J!
o5S.542. ON the combined issued CAPT. b
tai Of these companies this is a return
equivalent t. 1896. or Sil45O3.SAO In
excess OF outstanding capital. An hut
two Of these properties in the United Is
States. these two being Cananea Cen
tral and Greene Consolidated of Next OF
co. the former paying it's first dili- q
dend amounting % 100000. IT
OF the SO companies paying diyi- CO
dends in 1912, 50 are olassed as Gold
silver lead-zihe producers. These dis 10
ributcd among shareholders during 1t
he quarter just ended S7.5O7lGi and p'
.ince Incorporation s2O4.4S2 .3G5. rnir- 10
y-eight Of these properties are located s"
n the United States and they con 90
ributed $4,9S5.622 during the quarter II
md $l49.2S5,127 since Incorporation. - co
IRE Canadian properties with $21OO,7S9 ri'
o their credit for the quarter and
50,S03,400 since Incorporation. But in
TX Mexican companies participated sh
nd only IN a small way. owing go the ne
evolution, the disbursements totailine
nat $SsO.743 for the quarter -
Six metallUrgical companies contrib
ted SL365OfS TO the quarters total Il
S against s5.279S4S in the same quar- II
ar Of 1911. To date these companies T.
ave declared dividends totaling 1926.
SIS65. ~
Eight securities holding corporations SIR
ere able to share among owners Of am
heir stock $3.s89,75i as compared car
.ith S6,599.159 paid by inc same num- ed,
er during the same period in 1911. am.
o date the eight companies have pad tee
Ut total Of S1S5,O01246. s,,