Show UTAH CONSOLIDATED REPORT ANALYZED The annual report of o the Utah t tah Consoli Consolidated Consolidated dated company covering operations for forthe forthe forthe the year ear ended Dec Dee 31 last is the best over ever Issued by that company the best bestIn bestIn bestin In point of costs cost ore values share earn earnings earnIngs ings and addition to surplus says SAS th tn Boston News Bureau Perhaps the most unique feature of oC the report is the precious petal metal values re ye recovered covered In the process ot of o securing a pro production production production of or 18 pounds po of copper These Thele precious metals were ounces of gold worth and ounces of silver worth at 66 cents per ounce f l total of oC If U these values are credited to the cost of producing the copper and it is entirely proper to JO do doso doso doso so the net cost for the year eliminating depreciation and experiment charges is found to be cents per pound of cop copper copper copper per making Utah Consolidated the lowest cost copper producer In the world The above gold and silver sliver values for 1906 1006 com corn compare compare pare with In 1905 and constitute one ot of the most Important features of r the leport report Profits and share earnings for a series of years rears compare an as a follows Share Profits earnings 9 Ji i 5 1 6 69 3 1901 3 8 1 1901 B 41 SOS 2 1 Earnings for 1906 1006 were made on a cop copper copper copper per market which averaged the company in the vicinity of or 19 cents per pr pound On the present price of copper Utah must be earning at tire the th rate of oC O per share assuming production and costs are on the sam ham basis as for 1906 1006 I The corn com company pany has Ita outstanding 00 O shares In view of the peculiar and rather com corn complicated complicated manner in which the Utah com corn company company pany pony reports are presented it will be of interest to show exactly what the costs for 1906 were Refining freight selling sellin insurance Insurance insurance I ance Mining expenses Exploration and development Smelting expenses Eastern legal and sundry sund ex expo expenses expenses po uses Custom ore purchased 1 Total 1 1900 Less gold and silver sliver values Net cost J Cost per lb It Ibs lbs c No Xo mention is made in the report of fC the to remove its it smelter an operation which is R expected to entail an expenditure of at least 1 The surplus earnings for Cor the past year ear over and above dividend meats ment would alone provide the necessary 1 funds If In the end It Is found necessary I to make the removal While hule hile no additions were made to the known mown ore now placed bv by b the tha th company at tons tops the underground developments would seem to point to a avar av year var v ar of even more remarkable achieve achievements ments ments for 1107 H i assuming there is no break bieak in the thc price of copper I |