El Paso herald. (El Paso, Tex.) 1901-1931, 1912-04-10
MINING NEWS
AMERICAN MINES
ARE PAYING WELL
Revolution Cuts Down the
Number Of Mexican Div
idend Payers to Six.

With SO America mines and works
contributing, dividend disbursem ents
during the first quarter of 1912, &C
cOrding TO reports made to Mining
and Engineering World, totaled S21,-
lOO,5SO. This compares with 21,S49,-
OBJ in the same period in 1911 with 80
mines participating. Had it not been
for the falling off in disbursements
made by the Canadian and Mexican
companies the quarters declarations
would have made a record IN American
mine dividend payments.
Whe nit is taken into consideration
that these dividend payments result
from the operation of only gold, silver,
copper. lead, zinc and quicksilver mines,
and do not include the millions Of dol
lars paid by other companies whose
products include coal, iron. petroleum,
cement etc, and in addition the So
called 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 men
toned SO companies, which have, since
their incorporation, distributed among
the shareholders a total OF S66O,b63,Zlz.
Were the total disbursements made by
the 800 or more companies quoted In
the dividend tables published else
where in Mining and Engineering
World paying dividends prior to 1872
Cbut not in 1s12) added TO the above,
It would make a startling total-wel
mp in the billions OF dollars in fact
COppers Assume Lead.
For the first time in many months.
by reason OF the improved prices for
the red metal, the copper properties as
sumo the lead in dividend payments,
the quarters disbursements showing
that. with 1g companies contributing
nearly One-half OF the quarters total
or S9,798,21S-was paid by the pro-
ducers Of copper. These 19 proper
ties have certainly had a most protita-
bic career for, TO date, holders Of their
stock have been enriched TO the extent
of S32S. 059,542. On the combined is
sued capital Of these companies this
is a return equivalent to 1913 percent
or S114,505,SSO in excess OF outstano-
ing capital All but two OF these Oper-
ate properties in the United states,
these two being Cananea Central and
Greene Consolidated of Mexico. the for
mer paying its first dividend amount
ing TO $3.50, 600.
Only six Mexican Companies.
OF the SO companies paying dividends
in 1912, 81 are classed as gold-stlver-
lead-ziuC producers. These dtstrt buted
among shareholders during the quarter
Just ended SI5O7,104. and since in
corporation 1904, ass. 365. Thirty-eight
of these properties are located in the
United States Snd they contributed
s 4,9S5,622 during the quarter and $l4s,-
2S5,12I since Incorporation; IL are
Canadian properties. with S2,10O, 75s TO
their credit for the quarter and $780,,
sos. 900 since Incorporation But six
Mexican companies participated and
only IN q small way owing to the rev
olution. the disbursements totaling
but s39O,743 for the quarter.
six metauurgical companies contrib
uted S4365. O6S to the quarters total as
against s5.279.343 in the same quarter
OF 1911. To date these companies have
declared dividends totaling S126,5S1,S65.
Eight securities holding corporations
were able TO share among owners OF
their stock S3.S3S. Isl, as compared with
S6.599.159 paid by the same number
during the same period Of 1911. To
date the eight companies have paid out
a total Of S135,00I,246.