Salt Lake Herald-Republican | 1918-08-18 | Page 29 | Ray Con. Total Dividends to Date $18,315,315, Shown in Quarterly Just Issued by President Aldrich

FRAY IRAY CON I. I TOTAL DIVIDENDS TO DATE I I- I i I SHOWN IN QUARTERLY j JUST ISSUED BY BV PRESIDENT ALDRICH Ra Ray Consolidated Copper company has 1108 Issued Its report for tor the quarter ended ende Juno 30 30 1918 1915 showing net operating op operating op- op pr profit after federal taxes of 1918 Net et operating profit Miscellaneous Income Gross Income Sur Stir after chg Dividends DI s j. j Sur Surplus Surplus lull Equivalent to to 14 a a. Share chare on 51 U value for tor tho the three-months' three period ag aga agaIn In lug Ing quarter of or 1917 Tho company compan reports that average n cost per pound of or nil all net copper produced produced produced pro pro- In quarter was I cents This does doe's not take tako Into account any cre credits for tho the value of gold bold or sliver silver or miscellaneous Income and I COmp compares with Hh cents for tor the thc previous previous pre pre- Ious quarter on this same basis These Thue costs Include e a n charge chargo of 1 C cents per pcr ton of ot oro ore milled for tor retirement retirement retire retire- ment of ot mine development expense Tho The average vera c carrying price of ot copper copper copper cop cop- per per was cents compared with for tor the previous quarter This price Is accounted for tor in part by sales for tor tho the quarter ln h having Wen B greater than production an and partly partly- because of or orthe the Increase In government price ap applying applying ap- ap plying to part parL of ot the tho quarters quarter's pro pro- Th The quarters quarter's costs Include e Increases In refining charges becoming effective tive tivo June 1 on all copper duo clue for tor delivery de de- livery from refineries after atter that date They do not reflect Increased freight rates to any extent Since tho the In Increase Increase increase In- In crease In government mt price from 3 to 26 cents was announced It has been necessary to raise ralso wages and allow nIlow increased smelting costs which taken to together ether with Increased freight charges c now applying will as now estimated result in further Increases In costs beyond those shown for the second quarter b by more than 3 cents a n pound Tho The total amount set act ct aside for count county county coun coun- t ty state and federal taxes during the quarter was Gross pro production of or copper contained In concentrates compares with the first quarter as os follows in pounds Second Quarter 1918 April May I June Total First Quarter 1918 January February March farch v Total In addition to copper copper derived derl from concentrating ores poun pounds s wore contained In ores sent direct to smelter making total gross po from both sources pounds compared with poun pounds s forthe for forthe forthe the previous quarter q During tho the quarter there were wore milled dr dry tons averaging n 1643 per cent copper This corresponds to a dally average n. of or tons compared with tons forthe for tor tho the previous quarter Mill extraction was 75 31 per cent of or total copper con- con equal to a share on t e shares thares of ot stock stock- 30 10 par as n nn n against or a 0 share In inthe tho the corresponding quarter of ot 1917 Earnings for the throe months month ended I Juno 30 1918 compare as aa follows 1217 1017 1916 1915 8 capital stock of or 10 par a share sharo In the correspond correspond- tamed In concentrating ores compared I with per cent for tho previous quarter I Underground development was feet making total development to date dato I te feet t. t Milling lulling cost for tor the quarter was cents per pcr tots ton compared com corn I pared with 9 cents for tor the previous quarter Average mining cost of ot ore orel milled was 1 per ton of which I cents was the cost o of coarse i crushing leaving tho the net mining min ing cost per ton as na compared with for Cor tho previous quarter Total distributions made from tho the be beginning beginning be- be ginning s of or operations to the end n of or ortho tho the quarter amounted to I CLEA I New cw York Aug Aus- 17 rho 17 Tho actual condition of or clearing house banks and truet companies for the theVe Ve week k shows that the they hold reserve In excess of ot legal requirements This isa Is Isa a 0 decrease of or from last week The state follows Actual Condition Loans discounts etc decrease Cash in own vaults members federal reserve banks a decrease Reserve o in federal or mem member banks decrease 10 lUSO lU- lU SO Reserve llerve In own vaults state banks and ami trust companies b v Increase Reserve in depositaries state banks and ami trust companies In Increase Increase increase In- In crease x et demand deman deposits Increase Net time deposits In Increase In- In n crease O. O Circulation decrease Specie Included in a n and b 61 States tes deposits deduc deduced d. d 4 Aggregate reserve resene E ss reserve c decrease State nf hank Unok Summary of ot state slate banks and trust companies In Greater New ew York not included In clearing house statement Loans discounts etc Increase Gold 1078 decrease Currency and bank notes HO n- n Increase Deposits with fe federal eral reserve e bank bankIn In New York Increase 1832 1 Total deposits Increase Banks c cash canh ah In vaults Trust companies cash in vault 69 G