The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-10-10
Dividend Disbursements

The nine months of 1914, just ended, proved to be more profitable
to the stockholders of American mines and works than the same period
of 1913 by several millions of dollars. From reports made Mining and
Engineering World is able to show that during the period mentioned
l9 companies disbursed dividends toaing S~67.576,44o Had it not
been for the European war seven copper producers would have added
to this amount in September disbursements no less than 100000
Other companies cut their regular quarterly rate from rs to so per cent
Despite these reflections the nine months showing is decidedly credit
able to American mining and proves that in times of great stress it can
be depended N as few other industries can.
In a careful compilation of the total disbursements of the above
Ir9 companies we find that holders of stock have been enriched to the
extent of Soo5o25525. This return is ~SI25,Soo3 6 in excess of their
combined issued capta-$7SoI 55,eo7.
In addition to the above dividends there are the disbursements of
the six securities holding corporations. While these companies are
supposed to look for their profits from holdings in other companies, it
is a fact that a large part of the revenues are derived from their own
operations, but for which no report is made to the public. These COM
panies SO far this year have paid out N dividends $17o46oo3 and
since incorporation no less than S~I777oC45o.
In classifying the 1914 disbursements of the TO companies we
find that twenty-five operate copper properties, all but two located in
the United States. These Is companies so far in 1914 paid to share
holders S~3I,S56.363. This compares with S3Sy27o,115 by "a companies
in tn: same period in 1913 and ~$2SyS2o42S by p companies in 1912.
Had it not been for the Lake copper strike, and the present European
and Mexican wars, American copper producers would have had the
greatest omonths' period in the history of the industry.
1t is of interest to note in connection with the dividend history of
American copper producers that the total disbursements of the IS COM
pames mentioned above total S4as.31oo53. This is S1S52o3,I3 S in ex-
cess of outstanding capital, a remarkable achievement in view of the
very large capitalization of som of the companies participating.
There were also eighty-seven companies participating in the 1914
disbursements which are classed as oil -siverlead-zn producers.
These paid during the 9months' perioi S23Io3654, and since incor-
porahon $3o5,27924I OF an issued capital of $257o39952. Sixty-one
of these ar located in the United States and during 1914 contributed
s14o1s,4s5. To date their disbursements total s~22275o69s on an is
sued capital of $I7oSo5 923. Twenty-one are Canadian properties
with So, 1885 to their credit for the year and So, 5o6.326 to date on
an issued capital of $62.5o63 geo. When it is considered the large
majority of these properties have been operated but a few years the re
suit is remarkable.
But five Mexican properties in the above class have reported as
paying dividends this year, amounting N all to SI,I75274 To date,
however, these five companies have paid $2o023,2I7 in dividends. Six
metallurgical companies have had as prosperous a omonths' period as
for several years past paying in 1914 60 months) $~I2376432; in
1913, $12oo5,53S, and in 1912, $I2o27,eo2. To date these six COM
panies have disvursed $I72.336234 on an issued capital of S279,I0S.
24O. "