White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1913-05-11
PROFITS
SHOW INCREASE
DIVIDENDS FROM MINING IN
VESTMENTS FOR -FOUR MONTHS
OF YEAR GRATIFYING TO THE
STOCKHOLDERS.

April proved an exceptionally
good month for holders of stock of
American metal mines and metal
lurgical works, for according to re-
ports made to Mining and Engineer
ing World, no less than $t1. $50, S4S
was disbursed in dividends, 60 COM
panies contributing. This, however,
does not include the $1,S43,717
paid by five Notwithstanding cor
porations, whose profits are derived
from their holdings in other COM
panies and from the operation of
their own properties. With the sub
stantial additions made in April the
total for the 4 months of 1913
register a considerable gain over the
4 months of 1912. With 128 com
panies so far contributing the 4
months just ended show dividend
payments totaling $36,237,941 as
against $30,676,764 by 80 compan-
les in 1912. Added to the declara-
tions of the eight notwithstanding
corporations during the same period,
$7,556,752, there was a total dis
tribution of no less than S~43,594,-
.693, which went to fortunate owners
of the sock of American mines and
works. This in itself is a most
gratifying record for American min
ing, but when, according to reports
available to Mining and Engineering
World, it is shown that the 12S COM
panies mentioned above have, since
incorporation, enriched their share
holders to the extent of SS32,401,-
992, or more than $145. 900 900 in
excess of their outstanding capital,
the record is one that places mining
solidly among the greatest of the
country's profitable industries.
1t should be borne in mind in con-
nection with the above that the diyi-
dends mentioned are only. by ON
panies that have paid dividends so
far in 1918, and do not include the
companies looking for their profits
from the operation of iron mines.
OF the 1913 companies contribut-
ing to the past 4 months disburse-
ments. 80 operate copper properties.
all but three in the United States,
and divided $17,9S1,95s among
q h. - Ii $40 Csnga fnDa vRapoffAp
these companies have enriched
shareholders to the extent of $780,
692, $50, a return of $163.071,56 in
excess of their combined outstanding
capital.
Properties classed as gold-silyer-
lead-zinc producers to the number of
SO paid dividends during the 4
months totaling s14,652,201. To
date these companies have disbursed
01,544,529 or $57,S53,S76 in ex-
cess of issued share capital. Fifty
eight of these properties are located
in the United States and have to
their credit so far this year, $7,272,-
SO, and since incorporation S19S,-
or 1857. Nineteen are Canadian
properties and their disbursements
for the 4 months totals $5,09S go
and ~$52,457,964 since incorporation.
Despite Mexico's continued %troublous
times 16 companies have been en-
abled to pay dividends. through
small, $~2,2S1,236 being distributed
SO far this year. To date these Is
companies have to their credit diyid-
ed payment totaling $50,114,608.
Five metallurgical companies
paid dividends so far this year
amounting to $3,6O4.3s2. and since
incorporation 1925, 164, 901.
The eight seeurities-hoiding cor
porations mentioned above have to
their credit this year divided pay
ments totaling $|7,556,752 and since
Incorporation S159,753,1 09.