The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-11-09
MINE DIVIDEND STATISTICS ED
uCATE THE PULlc.

Holmes emphasized that one OF the
most important lessons that should be
learned thoroughly in order that the
people of the United States may un-
derstand the importance of the min
ing industry. was to do as the rail-
road companies of the country are do
irg-educating public sentiment to
what that great industry is.
/ The greatness of the industry and
| the wonderful productiveness of its
mines are clearly shown by the unus-
ually large dividends that have ac-
crued to holders of mining stocks in
the past and are continuing at an I'M
precedented rate
1t is to be regretted that statistics of
earlier dividend paying companies are
not available at the present writing
for with these added to the disburse-
ments of present day dividend payers
total would be reached of startling
size
The wonderful earning powers of
American mines and works can best
be illustrated by referring to the dis
bursements made by 1877 companies
during the 10 months of 1915. These
companies, between January 1, 1916,
and October 81, 1916, divided among
shareholders the princeIy sum OF
$1S4,SS0,127. If the dividend payments
of the securities holding corporations
were to be included land large pro-
portion could be rightfully included)
the years total would reach 1928,
4SS,20S, wonderful and convincing
argument that mining, as now carried
on, is one of the principal reasons for
our present standing at the head OF
the worlds great industrial centers.
That these companies not only ell
joyed remarkable prosperity during
the past 10 months, but in previous
years we are able to show by reports
made to. the Mining and Engineering
World, that these companies paid div
iGends amounting to $1,067, 277, O64
which, with the dividends paid in 1916
makes a total of $1,252, 107,1 91. This is
return of better than 1873 per cent
on the combined issued capital of the
companies. When it is considered
that a large number of these compan-
les did not pay dividend previous tC
1915 or 1916, this is a remarkable rec
ord and one, we believe not duplicat-
led by any other industry.
While October disbursements were
not as large as during the previous
month they were considerably larger
than in any other October in the his.
tory Of American mining. With 81
companies participating, dividends
were paid to shareholders during thu
month totaling $16,663,3S5. This does
not include the 100000 disbursed b!
the holding companies. The cope
companies contributed $7,5175S0 o
this, the gold silver-lead-z zine compa
MES $8,154,447 and the metallurgica
companies 1891, 1858.
Of the 1877 companies participating
in the 1916 disbursements AZ operat
copper properties, all but two in tn
United States, and these divides
among shareholders $sS,2SO,S14. Il
previous years these companies pail
dividends amounting to $571,5S0,72t
making their total to date $659,811,
$40 This is return on the combines
issued capital of 1856 per cent.
MI q
classified as gold silver lead zine pro
ducers, paid dividends during the 1
months of 1916 amounting to $77,149,
$685. Added to dividends paid in pre-
vious years brings their total to $780,,
0SS,724 on the combined issued cap
ital of 5000, $1,000, a return of prac
tically 124 per cent.
OF the 119 companies mentione'
above 81 are operated in the Unite'
States and they have to their credi
in 1916 dividend payments of $64, $50,
1858. Added to the dividends previous
ly paid brings their total to 1894, 657,
55S, return of approximately Is
per cent on the $197 644,77S ,outstand
: ing.
Twenty three of the above 1877 com
panies operate properties in Canada
and they contributed to the 1915, So,
210,621, making their total to dat
$69, 522,31S. This is a return of near
Iy rs per cent on the outstanding
share capital and is a splendid recor
considering the comparatively fey
years of operation.
But three Mexican companies re
port as having paid dividends in 1917
these paying 81, 10S,009. To date thes
companies have disbursed $S,858,S48.
Six metallurgical companies, lookin
to their profits largely from the treat
ment of ores for other companies ha
very prosperous 10months' period
> for they disbursed among sharehold
ers $19,399,915. Added to previOu
disbursements these companies hay
paid dividends totaling $212,206,92'
This is a return of approximately 8
per cent on the $273,003,040 outstand
ing share capital.
Eight securities holding corpora
= tions, mentioned above, divided anon
a shareholders during the 10 months c
a 1916 no less than $19,309,915. Sine
, incorporation disbursements tots
:, $i56,054205