Show BIG COPPER COMPANY DIVIDENDS FOR THIRD QUARTER DISCUSSED butte superior has declared regular quarterly dividend of 50 cents a sha repayable share payable september 30 to stock of record september 16 says the boston commercial current payment calls for and makes total payments to date a share or for the second quarter the company showed profit of after expenses depreciation and taxes but before depletion this amount was equivalent to 25 cents a share earned on the outstanding shares of tock stock s 10 par value in the first quarter of 1927 company earned profit pro fit of on the same basis share the outstanding stock during the W or 34 cents a on first six months on the basis of quarterly reports the company earned earne d or 60 cents a share this compared with earnings in the first half oaf vf 1926 of or 73 cents a share it is evident that a goodly proportion of current disburse burse 6 m ments befits being m made ade by butte superior are coming from surplus inasmuch as the compa company riv is is falling short by a substantial margin of earning the 50 cent quarterly disbursement bur from f rom c current operations the operating in record has been overshadowed by j oi of the company in in recent years the fact that additions to ore reserves as a result of development have not been able to keep pace with actual extraction it is now generally recognized that unless important new reserves of ore are encountered as a result of future development men work that the company has only a comparatively brief future operating life in the statement accompanying last quarterly report president jackling stated that while several promising areas had been encountered by recent development work no ore bodies of commercial consequence have been put in sight utah copper has declared regular quarterly dividend of a share payable september 30 to stock of record september 16 current disbursement calls for and makes total payments to date a share or nevada consolidated has declared regular quarterly dividend of cents a share payable september 30 to stock of record september 16 current disbursement calls for and makes total payments to date 2590 a share or nevada is at present preparing equipment designed for use in a new method of underground mining at the ruth copper pit the plan contemplates a gradual change from open pit mining to underground mining with the branch raise system the new system however will not be in full operation until about five years and during the interim surface mining will gradually be decreased and underground mining increased it is estimated that supply of ore is sufficient to keep companas comp anys plants and smelter in operation for twenty five years the ruth pit is now feet deep it is estimated that copper ore extends feet below the present b bottom ottom of the pit nevada in the second quarter earned profit of after afier ordinary taxes and depreciation but before federal taxes and depletion profits similarly figured for the preceding quarter were on the basis of quarterly reports thus far in 1927 nevada showed first half operating profit of after expenses and ordinary taxes other income amounted to and brought total income to depreciation reserve was leaving profit before depletion and federal taxes |