Show UTAH COPPER IN GOOD SHAPE 4 utah copper is in about the best position of any mine in the world to curtail its volume of output without adding materially to the cost per pound of its copper this company has no hoisting apparatus no shafts no water to pump and no timbered levels or to maintain its mine is a great open quarry extending up the side of a mountain lighted by the sun in daytime and a few arc lights at night its ore is concentrated in two big mills the larger of which has been shut down completely with the greatly increased efficiency fici ency of labor which now prevails in the copper mining districts it is probable that utah coppers production cost per pound is quite as low if not lower than it was six months ago when a full volume of output was being maintained recently there has been a very strong renewal of buying demand for U utah tah copper stock it is advancing in price dively and seems altogether likely to sell very much higher before the present year ends the stock undoubtedly is worth at least a share for investment and there never has been any doubt in my mind that it eventually would sell at that price and even higher nevada consolidated nevada consolidated stock is e at around 1625 5 at this price there should be a strong demand for it from investors under normal conditions in the copper trade consolidated can earn and pay to 3 a share annually in dividends the company has sufficient ore proved up to permit it to continue producing to 90 pounds of copper annually for fifteen years and there is reasonable assurance that further discoveries will addan add an other five years to its productive life its stock is worth something more than 30 a share as an investment figured on the basis of dividends amortized at 6 per cent for the period of time required to mine the ore already developed A fair allowance for additional dit ional ore to be found recovery of values from mill tailings and final liquidation of property assets would give the stock a value of 35 to 40 a share george L walker in boston commercial |