Show UTAH COPPERS QUARTERLY REPORT features of the utah copper companas comp anys report for tle th e first quarter of the year 1921 are the increases in the grade of ore treated and the percentage of recovery and a net deficit of J 4 17 69 the net loss from copper production was miscellaneous income including payment for precious metals made the total income for the quarter loss on government bonds sold being the total net loss for the quarter amounted to disbursements to stockholders of 1 I 1 per share or a total of made the net liet deficit for the quarter the report follows in part the net production of marketable copper derived from gross 1 output after allowing for si smelter nelter deductions was pounds as compared with a net production of pounds for the fourth fuerter cu fu arter of 1920 the total quantity of ore ailed during the quarter was dry tons being tons less than the preceding quarter the average grade of the ore was per cent copper and the avera average ge extraction was per cent as compared with per cent copper and per cent respectively for the previous quarter the average cost per net pound of copper prod produced from rom conceio concentrates iterates and leaching td plant precipitates was 1318 cents without credit for gold old and silver or miscellaneous income ali this is cost includes all fixed and general charges but excludes federal taxes and depreciation the gold and silver v values alues in concentrates and the miscellaneous income for the quarter combined are equal to cents per net pound of copper pro produced deuced which being deducted from the operating cost above stated results in a net cost of 1199 cents per pound it will be noted that the aforementioned per pound cost does not include inel fide charge for plant and equipment depreciation for sonic some time past this item lias has been treated is as an operating eN expense pense but commencing 0 with january of the current yel year ir it will be considered as a deduction from income effective april 1 the mines and properties of the company were closed down and will remain closed and the production of oc copper will be entirely suspended until general conditions warrant resumption there was removed during the quarter a total of cubic yards of capping 6 being an average 6 of cubic yards per month a as s compared with cubic yards and cubic yards respectively for the fourth quarter of 19 1920 20 the ore delivery department transported a total of tons of ore being an average of tons tolis por per diem tile the Bin Bil ghani ighani garfield clarfield railway operating in its own coi common ninon carrier carrier capacity transported a total of tons ions of merchandise frei freight lit or an all average of 1771 tons per diem |