The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1912-07-11
A HALF YEARS DIVIDENDS FROM MINES.

When III American mining and metalurgica companies
pay dividends toang $730592965 is ndspuabe ev
dence that extraordinary profits be made in legitimate
mining operations By figures available to Mining and En-
gneerng World it is asceaned that these III corporations
have been able since their incorporation repay their share
holders to the extent of their capitalization and sci 695539
excess of same When it is remembered that number Of
the older OF these companies excessively capitalized M
achievement of American mines and works all the
markable.
Then when it is understood that the above distributions
participated in only by those companies making sbre
ments far in 1872 and making public statements
do not include the profits from hundreds of properties owned
by private corporations and others who make public
ments of earnings but adds the atactvenes of American
mining investments Then too there securities hold
ing corporations whose derived principally from
holdings in other companies which since their Incorporation
have divided among shareholders nearly $15OO00000
There is little to wonder why investors take kindly
to going copper stocks when from reports made to Mining
and Engineering World learned that % companies all bC
two operating in the United States have far this paid
to shareholders $812S373 Since incorporation, however
these % properties have yielded profits in the shape OF dv
den otang $3.50 2S969 which calculated the present Out
standing share capital Of is equivalent to 59 pei
cent With the payments made far in 1912 the coppers
lead for the first time several years those properties cased
as gold-slver-lea d-zinc producers
Leading among the coppers is Anaconda with credit dur
ing the present year Of $476250 and $634 $50 since ncor
poraton Utah Copper ranks second for the period with 49,
100000 and $14,451263 since Incorporation Calumet &
Heca is third for the year with 100000 but far in the lead
in total dividends paid with Sill 10000 to its credit
The MISUNDERSTANDING producers, 50 in number have
paid dividends far this year amounting to $1So077 3 and
organization $24S 497549 return Of 1o6 per cent on
the issued capitalization of 1924 227,974.
Fytwo of the above properties located in the United
States and they have to their credit for the year $530
and 04 to date, 106 per cent return the out
standing share capital.
Sixteen Of the III mentioned above located in Canada
Gall but three in Ontaro) and they distributed $672226 in
1912 and $35 426,o42 to date, 81 per cent return.
Thirteen Mexican companies despite the continued war
mr. to-
051, 7O1, 224 per cent return
The Goldfeld Con of Nevada leads in the United States
for several years. in point of dividends paid in 1912 with
$4626877 to it's credit and $273060 since organization It
has also the distinction of having the largest total DIVIDEND dis
bursements in this class among those paying dividends in 1912
This is all the remarkable in view Of the comparatively
few years Of it's activities Tonopa another Nevada prop
ery second with 100000 for the year and $850000 since
incorporation Homestake, for years ranking the fore
most dividend payer among the gold mining companies OF the
country loses to Godfed CON- for since incorporation the
former has paid 500 02655O $74610 less than the latter
Homesake ranks third for the year with $6540O0 Tonopah
Belmont still another of Nevadas prolific producers ranks
fourth for the year with $4,000 and since Incorporation ST.
$4,000.
OF the Canadian properties Npissing continues in the
lead for the wear and total dividends paid During the vea
it has divided among shareholders 100000 and to date has
paid 49, 100000 Conaga ranks second for the year Will
$4,000 and has a total to it's credit of $3,o6O,ooo
Dos Estrellas ranks first among the Mexican companies
for the year with $4,000 and $5050O0 to date Esper
ANA is second with $33500 and has total of $1 100000
Six metallurgica companies have had profitable half
year with disbursements totang $7,9o9422 Since ncorpor
alton these six companies have paid to shareholders $13205
49, 60 per cent the $23992950 share capital is
sued American Smeler leads for the year with $366666
and to date $6487779 International Nickel ranks second
with 81 900 and to date is credited with total disbure
nents Of IT, S Smelling is third for the year will
81 POI 5S6 and $15,492,3 1868 since Incorporation
The nine securities holding corporations report dividends
paid in 1912 toalng $985854 and since incorporation $
447,349 60 per cent return on the Outstanding capt
Phelps Dodge Co. leads for the year with and tc
date has distributed $19,3435S4