The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1912-09-12
HIGH PRICES RESULT
. IN DIVIDEND INCREASE
EIGHT MONTHS OF 1912 SHOW IN,
CREASE OVER SAME PERIOD
OF 1910 AND 1911.
Proves Proposition That Mining Con-
Quoted on q Business Basis, Will
Yield Profits Equal to Any Other
Industry.
mining and Engineering WORLDLY

AS compared with the same period
of 1910 and 1911, American mines and
metallurgical works show increased
dividend disbursements during the first
eight months of the present year.
BY reason of higher metal prices,
1876 American properties have yielded
profits in the shape Of dividends so far
this year totaling $57,356,SS1. This
compares with $54,S65,316 in 1911 and
$4s,301,333 in 1910 Since incorpora-
ton these 1856 companies have oper-
ated their properties so successfully
that holders of their stock have been
enriched to the extent Of no less than
$75S,324,170, a return of 107 per cent
on the combined issued capital Of
$703,642,O29
This Is indeed a remarkable accom-
plishment and is in keeping with Min
ing and Engineering Worlds oft-re-
peated statement that mining when
carried on on business plans, will
yield profits equal to any industry and
will exceed large majority.
Companies operating copper proper
ties, particularly, have at last begun to
feel the effects of the improved copper
prices for ~ Of these were able to de-
clare dividends totaling $24.122,999.
This compares with $21,1O72S5 in 1911
and $15,44O,O12 in 1910 Since incor-
poration the 81 companies mentioned
have paid out in dividends s357,99S,454
a return equivalent to 1853 per cent on
the outstanding $227,277,0S2 share cap
ital
BY reason of it's present large hold
ings Anaconda is far in the lead in
point of dividends paid in 1912, having
disbursed no less than $6,3S6,250 and
to date has $6565S,750 to its credit
Utah Copper ranks second for the year
with $3,750,000, and to date has paid
out $14,451,263. Calumet & Hecla is
third for the year with $1,SO0,000, but
since Incorporation has divided among
100000.
In the gold silver-lead zinc class 1856
companies contributed to the 1912 total
to the extent Of $24,219,97S, and to date
have to their credit 1857, 5S5,515, 102
per cent return on the $261,S71, 1897 is
sued capital
OF the above 1876 companies, 6S OPP
crate properties in the United States
and they paid dividends during the
year totaling $14.213,525 and to date
s172,973,36O
Far in the lead for the year is Gold
field Con. of Nevada, which has en-
riched shareholders to the extent of
$4,626S77 This company also leads
among the 1912 dividend payers in
total disbursements, having divided
among shareholders during the few
years of its life $22,773O60. Tonopah
and Tonopah Belmont, two other COM
panies operating in Nevada, rank Sec
ond and third, the former having paid
out $1,200,OOO and the latter $1.125,000
Seventeen Canadian companies dis
bursed dividends during the year
to $6,3S1,97S. Nipissing |
leads for the year with $1,350,O00 and |
in total disbursements with $S,640,000 |
Coniagas ranks second for the year
with $960,000 and to date has paid out |
$3,S00,000. Crown Reserve is third for
the year with $707.531, and to date is
credited with $4,323,59S.
Fifteen Mexican companies, handi-
capped by the continued turmoil in the
republic have been able to declare div
idends during the year totaling $3,594,-
ATS. Since incorporation these Is COM
panies have divided among sharehold-
ers $52 .S01,941. Santa Gertrudis leads
for the year with $997,632. with Dos
Estrelas second with s750,000 and to