The copper era and Morenci leader., 1912-07-12
IN THE M l N E s
DIVIDENDS OF AMER|-
 GAN MINES

disputable evidence that eXtraordina- ry profits can be made in legitimate mining operations. By figures avail able to Mining and Engineering World it is ascertained that these III corporations have been able since their orgaiZation to repay their stoch' holders to the extent of their capitali- zation and $61 ,695,539 in excess of the same When it is remembered that number of the older companies are excessively capitalized this achieve ment of American mines and works is all the more remarkable.
 Then, when it is understood that the above distributions are partici- pated in only by those companies mak- ing disbursements so far in 1912, ani making public statements of same and do not include profits from hundreds of properties owned by private cor porations and others who make no public statement of earnings, it but adds to the attractiveness of Ameri- can mining investments. Then, too. there are nine securities holding cor porations, whose revenues are deriv- ed principally from holdings in other companies which since their incor- poration have divided among share holders nearly s15O,00O,O00.
 There is little cause to wonder why investors take kindly to going cop per stocks when from reports made to Mining and Engineering World it is learned that twenty-two companies all but two operating in the United States, have so far this year paid to shareholders S1S,12S,273. Since in corporation, however, these P proper ties have yielded profits in the shape of dividends totaling $320,2S9,691 which when calculated on the pres ent outstanding share capital of S220.- 176, ,502 is equivalent to 159 per cent. With the payments made so far in 19- 12, the ''coppers" lead for the first time in several years those proper ties classed as gold-silver-lead-zinc producers.
 Leading Among the coppers is An aconda with a credit during the pres ent year of S4,276,250 and $63, ,54S,750 since incorporation. Utah copper ranks second for the period with s. 750, ,O00 and S14,451, ,263 since incorpor- ation. Calumet and Hecla is third for the year with s1,S0O,O00, bur is far in the lead in total dividends paid with SIT 7,66O, ,00O to it's credit
 The goid-silverIead-zinc producers, S2 in number. have paid dividen is so far this year amounting to $1S,007,- .34, and since organization $24S,i97, 549, return cf 106 per cent On the is sued capitalization c. $234, ,221. .974.
 Fifty-two Of tue above properties are located in the United States and have to their credit for the year s11 ,253, ,SO7 and s166, 4e4,7o4 10 date, a 106 per cent return on the out standing share capital.
 Sixteen of the III mentioned above are located in Canada (all but three in 226 in 1912 and to date, $35, ,426, ,042. a 67 per cent return.
 Thirteen Mexican companies, de spite continued warfare in the Re 10 s2,051 ,7O1, a PA per ct, return.
 The Goldfield Consolidated of Ne vada leads in the United States, as for several years, in point of div1- dends paid in 1912, with s4.626.S77 to it's credit and s22, 2,773,0G0 since It has also the dis tinction of having the largest total dividend disbursements in this class among those paying dividends in able in view of the comparatively few years of it's activities.
 Tonopah, another Nevada property, is second with $SOO,OOO for the year and SS,S5O,OO0 since incorporation for years ranking as the foremost dividend payer among the gold mining companies of the coun- try. loses to -Goldfield Consolidated for since incorporation the former has paid s22 ,026, ,550, or S746,510 less than the latter HomeStake ranks third for the year with S654 ,0OG- Tonopah-Belmont, still another of Ne 'adas prolific producers ranks fourth for the year with S75O,000 and since s2,Sd@.OOO
 Of the Canadian properties Nipis- sing continues in the lead for the year and in total dividends paid dur ne the year it has divided among $90O000 and to date las paid S1,190,000 Conia gas