White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1912-04-14
AMERICAN MINES
ARE PRODUCERS
DIVIDENDS FROM EIGHTY-THREE
PROPERTIES IN THIS COUN-
TRY FOR LAST QUARTER WILL
EXCEED TWENTY-ONE MILLION
DOLLARS.

DOLIAAlSS.
With eighty-three American mine
and works contributing dividends
disbursements during the first quar-
ter of 1912, according to reports
made to the Mining and Engineer
ing World. totaled $21, 700,39O This
compares with $21,S49.031 in the
same period In 1911 with ninety-siz
mines participating. Had it not been
for the falling off In the disburse.
ments made by Canadian and Mexi.
can companies the quarters declara-
lions would have made a record in
American mine dividend payments.
When il Is taken into eonsidera-
ton that these dividend payments
result from the operation of only
gold. silver, copper. lead, zinc and
quicksilver mines and do not inelud
the millions of dollars paid by other
companies whose products include
coal, iron. petroleum, cement, etc,
and in addition the so-ealled rare
minerals. the magnitude of the
American mining industry can be
better understood.
That the operation OF gold, silver,
copper. lead. zinc. and quicksilver
properties has long been profitable,
taken as a whole. is evidenced by
the dividend payments of the above
mentioned eighty-three companies,
which have, since their incorpora-
ton. distributed among shareholders
a total of SGT, 663,272. We're the
total disbursements made by the 300
or more companies quoted in the di-
yidend table published elsewhere in
the Mining and Engineering World
paying dividends prior to 1912, (but
not in 1922 added to the above, 1t
would make a startling total-well
np in the billions of dollars, in fact.
For the first time In many months
by reason of the improved prices for
the red metal. the copper properties
assume the lead in dividend pay
ments. the quarters disbursements
showing that. nineteen companies
contributing nearly one-half OF the
quarters total-or s9,7 .21s-Yas
paid by the producers of copper.
These nineteen properties have Ger
tainly had a most profitable career
for, TO date, holders of their stock
have been enriched to the extent of
$32S. 059,542. On the combined
issued capital of these eomyanies
this is a return equivalent TO 1873 per
cent or $114,503,SS in sxehss of
the outstanding capital. al but two
of these operate properties in the
United States. these two bling Can
anea Central and Greene consolidat-
ed OF Mexico. the former paying Its
first dividend amounting to $780,
900.
OF the elghty-three companies
paying dividends In 1912. ffty-seven
are classed as gold-silver-lead-zin
producers. These distributed among
the shareholders during the quarter
just ended. s7,5O7,104. and since in
corporation ~s2O4,4S2.365. Thirty
eight of these properties are located
in the United States and they eon-
tributed s4.9s5,622 during the quar-
ter and s149, zS5.127 since incorpor-
alton; twelve are Canadian proper
ties with So. 10O,739 to their credit
for the quarter and $30,903, 40o
since incorporation. But six Next
can companies participated and only
in a small way, owing To the revolu-
ton, the disbursements totaling bu:
$390,743 for the quarter.
Six metallurgical companies con-
tributed 1896, O6s to the quarters
total as against ~$5.279.343 in the
same quarter of 1911. To date
these companies have declared d.
vidends totaling $126,5S1,36 IS
Eight seeurities-holding corpora
tions were able to share among own.
ers of their stock $3.S39,751. as
compared with $~6.599,159 paid by
the same number during the same
period in t911. To date the eight
companies have paid out a total of
s135,001, 246.