Show CHINO CUPPER COPPER CO HAS AS I IMPROVEMENTS OF I Whether heUler or not at the December meetIng meeting meeting meet meet- ing the directors of ot the Chino Copper company will wi increase the quarterly dis distribution over that declared on September 1 of and 1 extra extra the earnings and cash position of the company would seem to warrant it it says News News Bureau At the present tune time Chino is at the late rate of or very er close dose to pounds of copper per annum at a cost coat of or 9 cents per pound On cent 27 cent 7 copper the tile Indicated profits are or 16 per share on shares Selling at 53 65 per share the company may nia Y be said d to be earning n 30 per er cent on r the tle 1 market r price of rn its stock t l So long longas as the dividend rate rte remains as at present pres pres- ant ent 9 9 per annum the P purchaser t of stock f t rO tl ee at iS has I an Income c return of 16 pe per cent But this Is not the whole story atory tory There are Important possibilities ahead of or Chino which have not yet had mar market et tion ton It I would not be surprising if I within within with with- in the next twelve welve months by virtue of or I certain improvements montI the thE company's s 's annual annual an an- nual product u J was brought g up to igo pounds ro and the cost reduced d l to under I 8 cents An expansion of 00 pounds s In n f output and reduction t of 2 Pc cents per pound in the cost would clearly Justify jusiya a material increase In in- inthe the dividend assuming asta as- as I turning suming of course o the maintenance of ot present metal ta conditions lt es s. s Just wIly why o Utah COl Copper Coler er should hould sell sel at ata ata t tI I a I prie price to net a 12 13 per cent income re return return return re- re turn while Chino sells sels to net a 16 per percent percent percent cent return return- is js not entirely crear unless It H is explained by the somewhat cash position of ot the larger company In In I any event important property properly property improvements improvements improve improve- ments are on Oil the docket et for Chino Clino during the next twelve months and these Im Improvements im- im provement are in ill the direction of or a It substantIal substantial sub sub- Increase Increase in the company's earn carp carping earning ing lug power |