New-York tribune., 1912-08-11
Gross Earning
American Matt Corporation.

The interest I'm Malt stocks has caused
Wagner, Dickerson & Co. 10 issue a
special circular giving digest of the
American Malt Corporation. The follow
| ing is an extract:
Average annual net earnings for the
four years ended August 81, 1911. applca7
BILE to dividends on the preferred stock OF
the holding company have been slightly
in excess of per cent for that issue
Earnings for the year ending this cur
rent month are said to be upward or u
per cent. This would admit OF the ful
G per cent dividend rate for the preferred
stock, with per cent applied TO purchase
OF bonds under the sinking fund pro-
vision, and allow l 10 per cent 10 De
carried 10 surplus account No DIVIDENDS
may be paid on the common stock OF tue
holding company until all the per cent
bonds Of the operating concern hhu
bonds substituted for them or 10 pro
vide for their payment shall have been
paid, or payment or redemption PROVIDED
for. The bonds are subject TO cali a. 'VV
and accrued interest
Profits Of American Mines.
During the first seven months Of the
present year 12i American mines ana
netalurglcal works. according to figures
compiled by The Mining and Engineer
ing World" participated in dividend as
bursements totaling s53,l67,sSJ, winch
with tho $40, ,s21,O25 disbursed by secuu-
ties holding corporations brings the totsi
for the period to Se3,747,511. Since in
corporation tho 12t operating companies
and the nine securities holding corpora
tlons contributing 10 the above have d.
vlded among shareholders no less than
! $780,, 1850, the former being credited
with S75l,7O5, go and the latter with
s144.OSe. .52O; q return on the former Of
10 per cent and on the latter Of 40 per
| cent.
OF the 194 operating companies men men.
| toned above, tventy-four operate copper
properties All but two in the United
| States. These, during the seven months
of 1912, paid 10 holders OF ther STOCK
S29. 9.37S,s15, and since incorporation s5o5'-
| s94. 27O, q return Of l59 per cent on the
! S224695.047 outstanding capital stock
| Anaconda leads for the year with S6,8S6,-
| 250 TO its credit and 500. ooS,t0O 10 GATE.
Utah Copper ranks seconds for the year
with SO. 100000 and 10 date has PAID out
s14.45l ,263. Calumet and Hecla Is third
| for the wear with 81, 500 900. but since m
corporation has enriched shareholders 70
the extent of $llG660,000.
Ninety-three companies contributing 10
| the present years total operate properties
whose profits are taken from mines
which are classified as -sllver-lead-
| zinc producers. These uinety-three COM
panies have 10 their credit this year IN
dividends paid $22 10s,65j, and since in
! CORPORATION S263. 404. .3OS, 100 per cent
return on their combined issued capital OF
/ $251.jS7, ,907
Sixty-one OF these properties are located
/ In the United States and their dividend
/ disbursements for the year total Sl3 452, =
| 90. and since Incorporation $lIo.l3@5S5.
| This is a return on the outstanding cap
| ital OF Sl6S 691 ,401 of 106 per cent. Far IN
| tile lead IN point Of dividends paid in
| 1912 is Goldfeld Consolidated with Sf,-
I 626. 81 10 its credit. II also leads all
other companies operating properties OF
! total dividends paid Of $22 1900 Tono-
pah and Tonopah Belmont. two other Ne
vada properties; arc second and third. re-
spectively. for the year, the former having
( paid out 81 POO 900 during tho present
! year and $4,000 900 10 date, while the lat-
| Ter has paid S1,l25,000 during the year
| and s32is O0G since incorporation.