The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-10-09
Dividends From Mines

There is concrete evidence to hand in the reports made
to Mining and Engineering World that American mining
is now enioving the greatest prosperity III the history IL
the industry, with every indication that 1t is here to stay
Tor some time.
The month of September, 1915, proved that 1t is en-
1itled TO the record of being the banner month III point OF
dividend payments of American mines and works, Tor ~
companies according to reports made to Mining and Engi-
neerine World, declared dividends totalng SI5sS5o,i!55-
Added to this the disbursements made by SIX securities
holding corporations and there was paid to holders OF
mining stocks no less than SIS047.oo3.
From a careful compilation of the reports made 1t is
io,nd that during the nine months of 1915 record d1sburse-
n,ents we're made bv 10 companies totaling S7oOS4S47.
This is several million dollars in excess OF the amount Palu
in anv similar period in the history of the industry. 1t IS
of interest to note that these 10 companies have paid dlvi-
dends since incorporation totaling S0oo774,575. ms IS
S23Ioz3355 in excess of their outstanding capital Addeo
to the disbursements of these 10 companies the dividend
PAYMENTS OF the holding OBSERVATION-DISCLOSURES
the total of all payments made in 1915 by mining cornpan-
les or companies affiliated Herewith to SS4JS33,O32. Since
incorporation these companies have total disbursements u
SI,I5o72o,5o1. on an issued capital OF SIoo3,2o42lo
In the classification adopted by Mining and Engineer
inc World we find that of the 10 companies mentioned
above. thirty operate copper properties, all but one located
in the United States. These thirty companies paid dlv1-
dends during the nine months of 1915 of S3o,SSo,2o4 and
since incorpooratin their dividend disbursements total
S4S5,o6S,5 SO; their issued capital is S27275o452:
Seventv-four are classified as gold snverlead-zlnc pro-
ducers which are credited with payments totaling S27,I0o,
600 during the nine months of 1915. Since incorporation
these companies have paid dividends totaling S2O6,235,454
on an issued capital of S222,So2,35S.
OF these companies fifty-three operate properties in
the United States and they have to their credit during the
nine months period S2o,057,S72 and since incorporation
$500, ESQ, 81, on an issued capital of $I57,2S5,ooo. E1gh-
teen of the above seventy-four companies are operating IN
Canada with payments in 1915 totaing ~$5,30o,I47. Since
incorporation they have to their credit dividend payments
totaing $62, 32S,477. This is but $~I,S45,447 less than their
issued capital. But three Mexican companies report as
having paid dividends in 1915, amounting to ~SSSo,5SI,
and since incorporation, SI7,67I,SIo.
Six metallurgical companies which look for their
profits not only from the treatment of ore for other COM
,,,:ae l4 rnp he oDarotiOn Of their ~ mines had a
slightly better nine months period than in 1914, having
divided among shareholders 81 2,0oS,o43. Since %incorpora-
ton, disbursements total ~SI70.37o,5 o2 on an outstanding
capital of S254,oSS,4+o.
Six notwithstanding corporations, which derive their
profits not only from their holdings in other companies,
but in the operation of their own mines, disbursed SI+74S,-
zS5 during the nine months of 1915. Since incorporation
these companies have paid dividends totaling SIo5.O55oIo
on an outstanding capital of $273,562,o0o.