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Show I higher dimo I OF HA COi. Earnings Justify Better Rate, I but Strike Caused One j Month's Loss. I MEN LOSE FORTUNE; it l One Quarter of a Million Dollars in Wages Were ' Forfeited. I j 4 The statement or President S. V. Uc- j i Its of the Nevada. Consolidated Copper 4 company that tiro company would increase :j the dividend should tho quarter upon j which the company Is now launched 'S provf! as satisfactory as the period cIok- j Jnc September 30, 1312. is the first au- ii thoritatlv Intlmntlon rrgnrdliig the profit-sharing plana of the company as I a. result of higher prices for the red , metal. Durin? the past quarter the com pany produced IS. 405.157 pounds of cop-j cop-j pr with total net profits of .1,S1,116. I Dividend requirements during the saino jxrlod weM S740.7M, clvin- f-xcc.33 enru- ins? over dividends of ?l,Qi56,rr2. One Month Is Lost. Tlie first month of the present quarter. however, was practically lost to ,thc i orapajiy by reason of the sympathetic Ftriki durlnc; October. During the qu;ir-' qu;ir-' ter the monthly net earnings of the i company averaged ?S05.372. asaliiHt A monthly dividend requirements of $210.- so ahould the camlnyo of November and December equal tho average of the '' past quarter tho uniiHual dividend would f he mudo easily, but It Is questionable If I the officials would feel Justified in ralu- j inc the dividend durinp thn period. Many 1 believe tho Increase will not be made until tho first quarter of the coming ( talrndar year, 'j N'o estimate has been made as yet of ( tho loss to tho NVv.ula Consolidated ; company on account of the strike of employees, but one nuthorlly of tho l"ly district assorts that the loss to the company com-pany wilL bo less than the Iosh to the .'triker.i who forfeited about $225,000 In wages during the idle period. Veteran Ore Reserves. , , Otio of the properties! owned by the i ""rada CoiiHolilatcd company is the M VpIpihij, tho crade of whoso ore 13 much 1 sjpcrlor to that averaged by the steam j aliovcl pita. The Klv Kxpositor Is au thority for tho statement that the Vt- cran orn tonnage Is far In excess of the i point originally set. During tho nine months of 1012. the "Vntrnn produced an ( average of 100 tons dally, bringing tlio total production to approximately 270,000 i 1 tonf It Is now estimated tliaL the Veteran nhows 7S0.000 tons of commercial grade orr, Indicating that the original cstl- natc3 Ml rdiort of tho actual by 250.000 to 300,000 tons. Tho Veteran property Tmn about seventy-five men now a I work, whereas 325 were employed prior to the strike. |