The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-11-04
VAST EARNINGS
MADE BY MINES
MARVELLOUS DIVIDENDS ARE
PAID BY AMERICAN MINES
AND WORKS

When dividends of $7S,772, 612
were paid in the 9 months of 1913
by 146 American mines and works
it was thought that the zenith had
been reached. But this record has
been far outclassed by the declara-
tons of 1856 companies during the
? months of 1916.
According to reports made 10
Mining and Engineering World,
these companies divided among for
tunate shareholders the magnificent
sum of $165, 675,300. This is equi-
valent to nearly 25 per cent of the
10 years. With the exception of
1908, when disbursements amount
ing to $32,351,450 were paid dur
Ing the 9 months period, dividends
have been fairly regular, ranging
from approximately $45,000, 900 up.
September proved the most re-
m~unerative in point of dividends
paid of n single month in the
history of the industry, when dis
bursement totaled $29,551.S69. but
.$~2,799,5S1 less than a paid dur
ing the first 8 months of 1908. OF
the September payments the coppars
were responsible for $17,169,94, the
Observation-Disclosures progress ST.
243,744, and the metallurgical COM
panies s~5,13S.131.
Owing to the fact that a part Of
the earnings of the securities-hoid-
ing companies are derived from
holdings in other companies, their
dividends are not included among
those paid by the so-called operat-
ing companies included in there re-
ports. The $4.2O0,OOO declaration
CT the Kennecott Copper Corpora
ton and a goodly part of the 49,
100000 of Phelps, Dodge & Co, be-
sides others, could rightfully be
added to the total for the copper
properties, as these earnings were
derived solely from operations OF
properties directly owned by them.
For a record of achievement by
a single industry the performance
of American mines and works in the
years past is little short of won
derful, for the companies paying
dividends in 1916 have made dis
bursements since their incorpora-
ton totaling $1,236,3 ,691-this
or an outstanding share capital of
$925,428,697. Should the dividends
paid in previous years by companies
not included in the 1916 dividend
payers be added to the above total
We would have a total running we'll
up in the billions.
or the $165,675,3OO paid during
the 8 months of 1916, the coppers
contributed practically o~ne-half, or
$50, 763, 234, with 3S companies par
ticipating. To date these 38 COM
panies have enriched shareholders co
the extent of $651 ,S33,96O, on an
issued capital of $346,146,61S.
Owing to the close Relationship
of the Jour metals, gold, silver, lead
and zinc, dividends paid by COM
panies operating this class of prop
critics are classified under the one
head - Observation-Disclosures. Ona
hundred and eleven of these prop
critics were not so far behind the
shareholders $66,5O3,5 500. To date
these companies have disbursed
$369,412,SO4, on an issued capital
ization of $3O7.9 ,O39.
or the III companies mentioned
above, IS operate properties in the
United States, and during the nine
months of 1916 paid dividends
amounting to $55.72O.525. and since
incorporation s2S2,S47,2 on a
s196. 644.77S outstanding share cap
italization. Twenty-one are Can
adam properties, with $7.519,355
for the nine months period and
SCI. 921 .042 to date. But three
Mexican companies report divi-
dend payments in 1916-these pay
ing 81 ,O43,629.
The six metallurgical companies
had the best nine months period in
their history. dividing among share
holders $18,40S,5 57. To date these
companies have paid dividends to-
falling 12.066,927 on an outstand-
ing share capital of ~$270.003, 04O.
Eight securities-hOldine compan-
les have had a remarkable nine
months period. for thew divided
among shareholders no less than
$37,973.081. To date these com
nanjes have paid $155,424,2O5 In
dividends.