Show MINING BUSINESS I V W V nV m V YE Enormous Total of Paid in Dividends Divi ends First Half of Year That mining carried on in a a acon conservative con businesslike manner is isa Isa Isa a pretty prett profitable business must be admitted by the tho most skeptical when In a ft half hal year yer In which most unsatisfactory factory I metal market conditions have bao prevailed as shown hown by figures presented by tho the Mining World 1 American mines and metallurgical works are enabled to pay py dividends totaling Since Sinco they wore were Incorporated those 11 mine mines and works work have hae distributed among the holders of or their stock the enormous sum lum of ot On tho the combined issued capital of these thele companies this makes a a return in excess of capitalization of or Ul Lii 11 per cent cont Then Thon too there are arc the dividends declared declare by b mines securities holding corporations which in the tho first half al of 1910 uno totaled On the Is Issued Issued issued sued capital of or these companies which IK is I has ha been beon paid pid since in incorporation corporation a total of or or ora ora a return equivalent to 34 per cent Then Th n thor are aro hundreds of or close corporations and individuals from Irom whom no reports are received which go to swell tho total It I Is found that tho the coppers are arc the most prolific In enriching their share shareholders shareholders shareholders holders for 19 of these all al but one ono operating In the tho United States havo have contributed over of or the tho grand gand total of or or Paying this on a combined Issued cap of or It I Is seen Men that returns have havo been made mado of more than three times their issued capital capitalor or approximately per cent Utah Copper Lend Mod For tho six lx months of 0 the present year the newly enlarged Utah Copper company tompy leads with wih a a disbursement of while Calumet Hecla Is I second Hond with United Verde third with and Anaconda and Nevada Consolidated tied for lor fourth place with From the standpoint of total dividends dividend paid pid by copper mines mine of or the United States Calumet Hecla is la I far In the lead with while Boston Boton Mon Men Montana lone tana tB ranks rank second with wih Anaconda Is II third with wih United Unie Verde fourth with and Quincy fifth with Of or the properties contributing to the dividend total so far in 1910 1919 there are 83 which distributed distributed distribUted Far In the load lead for the six months Is the Consol Conol which during the past half hal year er divided among shareholders 3 a remarkable achievement nt for fora rora a gold property pro rt Tone Tono Tonopah pah pali another remarkable Nevada prop erty ranks second with dur ing lug the tho tho half hal year Bunker Dunker Hill Hi Sul livan the premier lead led producer Is I third with wih while Homestake from Its IJ operation on ore oreg gets g t a ranking of ot fourth for tor the half hal year er with wih Camp Bird Is a close fifth with wih 60 From tho standpoint of total dividends paid however there Is 18 a considerable change In ranking for Sm como comes Into Its Is own as tho the loader eader with wih Its Is nearest competitor Is Siver Silver King c Coalton Coalition a on of or Utah Uth Bunker Hill Hi Sullivan Sulan ranks rank third with and Alaska Treadwell fourth with wih Portland with is l fifth and St led lead or of Missour Missouri Is sixth wih with Smelter Trust ut Among Aon the metallurgical companies seven have hae distributed distribute dividends the tho present year totaling and since incorporation In Ine the tho lead ot of f c course urse Is ls the thc American Smelting e c Refining company com pan at one time termed tho the smelter trust but lne since the entrance Into the field trust of tho the United States and International com corn It has his no longer a monopoly of the industry The American company compan does doo not seem to have bave suffered to any great gret extent by reason on of or low metal prices for It I has declared so 8 far tar tills this year S er dIvIdends totaling 1 of or this going to holders of or pro pre pr stock and to holders holder of ot common During Its Ill existence this company has declared dividends total Ing Of or this amount hold holder 2 er era J ot of preferred stock received 34 and ad holders of or common US is 12 In the securities holding class clas men mn mentioned mentioned tone before Phelps Phelp Dodge Co in Us its Ill reorganized state leads for the present year ear with wih declarations total Ing Its nearest competitor In this claw class for the year yer Is Amal Amalgamated Amalgamated with In point of or total dividends paid however Amal Amalgamated In is II In a class cla s by Itself for of or the paid by these tho nine I securities holding corporations It I has contributed considerably over half or hal Copper Range Is second with Ith and Guggenheim Ex Exploration Exploration third with Metal Selling 1 L Profitable The metal selling business bu has not been so profitable during the tho last six months as es n In former periods periods for tor only cne eno company has h made a declaration this year The United Metal Selling I paid dividends for the six pid months to totaling totaling and since inco Incorporation I It must be remembered that In all IU of ot the foregoing tho the dividends men mentioned honed toned relate only to companies paying dividends In 1910 They do not Include reference to tho hundreds of 0 millions paid by other companies In years pro pre Ious to this thi one Utah companies contributed the to tal of or to the dividend pay moats ments for the first half hal of 1910 as follows a Boston Sunshine g Colordo Coloro Daly West W t Grand Central Iron Bl Blossom wom Little Litte Boll Bell Det Silver King Coalition Coalton Sioux Consolidated Uncle Sam United States State Smelting Utah Consolidated Utah Utah Copper victoria West Vot Mountain PIncer Placer GOO I NINETYNINE IN RICH ORE ON LOWEST LEVEL That characteristic hl cop per por oro ore Is being beIng opened In tho COI now new level of the NinetyNine Cop op per mine at Good Springs Nev Ney Ne Is Indicated In by advices advicES Goo concern Spring Ing conditions received receive from Manager J 1 B Season Jenson Crosscutting toward the hanging wall of or the vein on that level he has broken brokEn Into a largo large body of or black Iron which in that tha formation always lies les alongside the tho copper glanco glance I ore Stringers of the ore In the Iron lead toward the hanging wall vaU showing the position of or the ore oro body desired The ore carries I 50 per cent and ad 60 per cent copper and shoots of ot It I of considerable size are found within the tho large larSo bodies of ore of or lower grade gade |