White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1912-09-15
MINES
PAY DIVIDENDS
HIGH PRICE OF METAL RESULTS
IN INCREASED DISBURSEMENT
OF PROFITS-OVER FIFTY
SEVEN MILLIONS PAID OUT.

of 1910 and 1911, American mines
and metallurgical works show in
creased dividend disbursements dur
ing the first s months of the present
year.
By reason of high metal prices,
135 American properties have yield
ed profits in the shape of dividends
so far this year totaling $57,356,SS1
This compares with $54,S65,316
in 1911 and $48,3O1,333 in 1910.
Since incorporation these 1875 COM
panies have operated their properties
SO successfully that holders of their
stock have been enriched to the ex-
tent of no less than s758,324,17O, a
return of 107 per cent on the COM
bined issued capital of $703, ,029.
This is, indeed, a remarkable ac-
complishment, and in keeping with
Mining andEngineering Worlds oft
repeated statement that mining, when
carried on on a business plane, will
yield profits equal to any industry,
and will exceed a large majority.
Companies operating copper prop
critics, particularly, have at last be-
gun TO feel the effects of the improv-
ed copper prices, for 81 of these were
able to declare dividends totaling
$24,122.999. This compares with
$21,107.2S5 in 1911 and $15,44O,-
012 in 1910. Since incorporation
the 81 companies mentioned have
paid out in dividends $357,998,4 54,
a return equivalent to 15s per cent
on the outstanding $~227,277,0S2
share capital.
BY reason of its present large
holdings, Anaconda is far in the lead
in point of dividends paid in 1912,
having disbursed not less than &c.
3S6,25O. and to date has $65 $685.
$50 to its credit. Utah Copper ranks
second for the year, with $3,750,000,
and to date has paid out $14,451,-
263. Calumet & Hecla Is third for
the ear with $500. 900, but since
Incorporation has divided among its
stockholders no less than $117 $780,
900.
In the gold-silver-lead-zinc class
1875 companies contributed to the
1912 total to the extent of $24,219,-
97S, and to date have to their credit
s267. 5S5 SIS. a 102 per cent return
on the $261,S71.997 issued capital.
OF the above 1876 companies, IS
operate properties in the United
States, and they paid dividends dur
ing the year totaling $~14,213,525,
and to date $172,973,360
Far in the lead for the year is
Goldfeld Con. of Nevada, which has
enriched shareholders to the extent
of ~$4,626,SS7. This company also
leads among the 1912 dividend pay
ers in total disbursements, having di-
vided among shareholders during the
few years of its life $2~2,773,060.
Tonopah and Tonopah Belmont, two
other companies operating in Ne
vada, rank second and third, the for
mer having paid out 81, 200, 900 and
the latter $~1,125,00O.
Seventeen Canadian companies dis
bursed dividends during the year
amounting to $6,3S1,97S. Nipissing
leads for the year with $1,350,0O0,
and in total disbursements with S.
$4,000. Coniagas ranks second for
the yea with $3.50, 900, and to date
has paid out $4,000 Crown Re-
serve is third for the year with $707,-
sol, and to date is credited with
$~4.323.59S.
Fifteen Mexican companies, handi-
capped by the continual turmoil in
the republic, have been able to de-
clare dividends during the year total
ing S~3,594,475. Since incorporation
these fifteen companies have divided
among shareholders $52,901, Sal.
Santa Gertrudis leads for the year
with $997.632. with Dos Estrellas
second with %$750,O0O, and to date,
$11 sos 900. Mexico Mines of Ell
Ore ranks third with $780, 900.
Six metallurgical companies show
a slight increase in disbursements as
compared with 1911. During the
present year these companies paid
out $S,923,904 in dividends as com-
pared with $~S,537,430 in 1911.
Since incorporation these companies
have enriched shareholders to the