Show PORPHYRY MINES AND IMPENDING DIVIDENDS Directors o of the porphyry copper caliper companies Utah Copper Ray Hay Consolidated Consolidated Consoli Consoli- dated and Chino China will meet for tor dividend dividend divi divi- denci consideration the tho latter part of next month sa says s 's tho the Boston News Bu Bu- Bu- Bu reau roan Great interest attaches to the action to be taken at that time It has been understood that at these meetIngs meetings meet meet- ings Ints the tho Utah Copper disbursement would be increased and Ray nay and Chino China I started on their dividend careers The general expectation has been that Chino would be started on a 4 basis by the quarterly declaration of or 1 I and that a substantial extra dividend would ho bo paid to Utah Copper holders or the stock dock put on a permanent dividend basis of something better batter than the 3 now being beng j paid ald Nothing definite has been determined with respect to these dividends and In view of or the metal uncertainties of ot the past few it t is possible that s some mc I expectations will have ha to be bo revised In any my event much depends upon the action of the copper market over the I next thirty days s Copper has already dropped 15 fl cents a pound from the high of ot 1 17 H cents and it remains to be bf seen scon If It tho mining companies can work worl off oft their unsold product at around the current level At the moment the chances chance would seem to favor their doln doing so 90 I The dividends to be declared will doubtless be made payable about I April 1 l. |