The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1912-12-12
DISBURSEMENTS FOR ELEVEN
MONTHS MAKE NEW RECORD.
Prediction That 1912 Would Be Most
Profitable Gear in Mining lneus-
try History Fulfilled.

(From Mining and Engineering World
The dividend declarations of Ameri-
: can mines and metallurgical works
during November, though not as large
as for other months during the year,
cradle extent. The II months of the
year, however, have a record of divi-
dend disbursements which bears out
the early In the year prediction Of the
!, Mining and Engineering World that
the year 1912 would be one Of the most
If not the most profitable year In the
history Of American mining
| BY careful compilation of reports
made to Mining and Engineering
World. we are able to show that, dur
ing the above period, there was paid
to holders Of stock of companies oper-
ating American mines and works. no
less than $50, And this does
not include the $19,O43,7O6 paid by .
securities holding corporations which
look for their profits from stocks own
ed in other corporations.
While the record made in the II
months Of the present year can not fail
to be gratifying to those who are di-
rectly interested in the operation Of
mines and works, the record of the
above mentioned LAT mines and works
since their incorporation, in paying
dividends totaling s793,142,039, is con-
vincing evidence that mining, when
carried on in q legitimate manner, is
productive of greater returns than
from any other industry
In classifying the above 147 dividend
payers it is found that the copper pro-
perties with 80 contributing. lead not
only in dividends paid during the pres
ent year. but in total dividends paid
For the II months of the year their
disbursements totaled $36,900,3S2 and
since their incorporation $374,219,919
This makes the latter amount $780,
152,S37 in excess of the combined is
sued capital of the companies contrib
uting or the 30 companies mentioned
above all but three are operated in the
United States; two are operated in
Mexico and one in British Columbia.
One hundred and ten of the compa
MES contributing to the 1912 disburse
ments are classed as gold silverl lead
zinc producers. and they have to their
credit so far this year, s35,139,SS5, and
since incorporation, $282.307,SS1. This
latter return is over half million dol
lars in excess of their combined is
sued capital. Seventy-four of these
companies operate properties in the
United States and during the year paid
to shareholders S19,236,957 in dividends
and since Incorporation S1S0,520,792.
Canadian companies to the number Of
10 paid dividends during the year to-
falling $9,9OS,235 and since incorpora
tion $43,435,676. Despite MeXicos in
ternal trouble 16 companies have been
able to pay dividends though not large
to the extent Of $5,96469S during the
year and since Incorporation $55201,-
ALB.
While the dividend declarations Of
works were not as largn
as in former years, six of these were
able to disburse among shareholders
during the II months of the present
year, $12,976,479. Since incorporation
these companies have disbursed no less
than $136,0S4 ,662.
The accompanying table gives the
amount of dividends paid during Octo-
ber the date of payment and the
amount per share: