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Show TI UTAH COPPER HASGOODSURPLUS The following story from Monday's Tribune with reference to the surplus of the Utah Copper company from last quarter will be of interest to Bingham people: . : After paying the regular dividend of $3.50 a share in the last quarter, 117, the Utah Copper company had left a net surplus for the quarter which amounted to approximately two-thirds of the total dividend disbursement for the period. Information to this effect was contained in the thirty-ninth quarterly quar-terly report of the company, which was released yesterday by General Manager R. C. Gemmell. The report is summarized as follows: Production: October, 1 8,022,556 pounds; November, 16.469,323 pounds; December, 16,311,805 pounds; total, 50,802,793 pounds; average per month, 16,934,264 pounds. In addition to this, 466,672 pounds produced from ore shipped direct to smelter make a total production for quarter of 51,269.465 pounds. Gross production for year 1916, 196,-752,631 196,-752,631 pounds; gross production for year 1917, 206174,422 pounds. Financial results: Net profit from milling operations $8,117,812.10 Other income, rents, etc., in Utah 222,471.95 Income from Nevada Con. Copper Co. dividends... 1.000,500.00 Total net profit $9,340,784.05 Disbursement to stockholders stockhold-ers $5,685,715.00 Net surplus for quarter. $3,655,069.05 |