Show UTAH COPPER AND NEVADA CON in commenting on the monthly production and earnings of the utah copper of bingham utah and the nevada consolidated of ely nevada the boston news letter says during the month of april utah copper produced pounds of copper or nearly 1000 pounds more than march when production amounted to pounds but pounds less than tho the high month of may 1910 for the four months of the year there has been produced pounds or an average of pounds per month based on the april figures utah is turning out a gross production of pounds of copper per annum or around 93 00 pounds of refined copper on the assumption that the cost of production is the same as that of the last quarter namely per pound would indicate based on 12 yc copper net profits of nearly 4 in addition to this income utah receives per annum in dividends from nevada consolidated making a total income of or nearly per share the present rate of production and earnings at utah are being made with but 60 per cent of the ultimate capacity of the plants in operation with the completion of the work of enlarging the concentrators this summer utah will be able to maintain an annual production of pounds per annum nevada consolidated in april produced pounds of copper which is more than pounds less than that of march nevadas production has been maintained this year ye af at fairly constant figures the monthly output running in the neighborhood of to pounds and it will be noted that the april production is no exception for the four months of the year production has amounted to pounds the present rate of nevadas production is more than 1500 pounds less than the high month of the year which indicates that this company has been maintaining the lessened production inaugurated in july 1910 f nevada consolidated is producing at the rate of pounds per annum allowing for a liberal depreciation charge the cost of producing copper at this property is approximately ae per pound which gives to this mine the distinction of being one of the lowest cost producers in the country based on this cost and copper at per pound the companas comp anys earnings are nearly per annum or per share dividends on nevada consolidated soli dated amount to per share from this it will be seen that under present conditions the company is laying aside a surplus of nearly over and above dividend requirements |