White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1915-07-11
MANY COMPANIES
DECLARE DIVIDENDS

From reports made TO it, Mining
& Engineering World is able to
show that 90 American mines and
works during the first half of 1915
were able to earn dividends totaling
$39,351,5S9. While this is consid-
erably less than during the same pc
riod in the previous year it is, in con-
sideration of the serious depression
In the later part of 1914 and in early
months of 1915. decidedly crafty
ing.
With the great advance IN copper
from the low price of January TO the
high price of June, shareholders have
received substantial increases in div
idends, no less than 13 companies
having recently resumed or inereas-
ed dividends. which represent a gain
to shareholders at the rate of s15,-
600. 600 annually, as compared with
the rates in force in January of tn
present year.
That the 90 companies mentioned
above have. as a whole. been consis-
tent in their dividend disbursements
evidenced by the fact that, since in
corporation, they have enriched
shareholders to the extent of S904,-
$50 As, on their combined issued
capital of s693. sos. 446; this is a re-
turn equivalent to approximately
131 per cent.
OF the 80 companies mentioned
above % are copper producers with
dividend disbursements 10 their
credit during the half year period Of
SIS, 673,607, and since Incorporation
SAB. SIS. S21, a return of close to 181
per cent. The Utah Copper com
pany ranks first in dividends paid
during the half year period, having
made disbursements totaling $2,S42,-
$50 with total dividends of $2S,660,-
671. Anaconda ranks second for the
half year with $2.331,250 and has
made total disbursements of $685.
1851. Calumet & Hecla is third
for the year with 81, 900 to its
credit but ranks first with total pay
ments of 26.25O, 900. a return on
its issued capital stock of $500 per
cent. A remarkable record, indeed.
Sixty-three companies, operating
properties classed as gold-silver-lead-
zinc producers, contributed $15,339,-
$50 to the half years total, and since
incorporation s2S7.345,O13, a return
of about 100 per cent on the out
standing $211,35S,244 capital.
F~orty-five of these companies operate
properties in the United States and
they have paid dividends, SO far in
1915, amounting t o s11,551,133. and
to date of $211.5S7,010 Sixteen are
Canadian properties with the years
payment totaling $3,260,308, and
total disbursements of $5S,615,726.
Three Mexican companies report pay
ments in 1915 totaling s52S,441, and
total disbursements of $17,141.677.
In the United States. Golden Cycle
of Colorado ranks first in dividends
paid during the year with $~3,135,00
by reason of its division, at the time
of it's sale, of its surplus. Butte &
Superior ranks second with $1,0S4,-
900, and Homestake third with
$~979,524. In point of total dividends
paid, however. Homestake ranks we'll
ahead of all other with ~$37,461,7S0
10 its credit.
Six m~etallurgical companies paid
dividends in 1915 totaling $S,249.672
and to date $173.S59,2S1
Six holding companies. whose
revenues are largely derived from
their ownership of shares in other
companies paid dividends in 1915
amounting to ~$9,571,04S, and to date
have paid dividends totaling 1885,
513,767.
Judging from disbursements al
ready declared and to be made in
July and August and with metal
prices at record breaking figures
bound to continue during the year,
the end of December will without
doubt witness a record of dividend
payments W before equalled in
the American mining industry.