Show UTAH COPPER LOWERS COPPER COSTS MAKES LARGE PROFIT FOR QUARTER utah copper company for the quarter ended june 30 1927 according to new york advices advises ad vices reports profit of 4 after taxes and depreciation but before depletion equivalent to a share par 10 earned on shares of stock this compares with or a share in the preceding quarter and or a share in the second quarter of 1926 profit for six months ended june 30 1927 amounted to before depletion equal to a share against 6 or a share in the first half of the previous year income account for the quarter ended june 30 1927 compares as follows 1927 1926 operating profits other income income total income depreciation profit dividends surplus I 1 six months ended june 30 1927 1926 operating profits other income total income depreciation profit pro fit dividends surplus before depletion utah copper company produced pounds of copper in the second quarter a monthly average of pounds compared with pounds in first quarter a monthly average of during the second quarter the arthur plant tf treated bated I 1 tons of ore and magna plant tons a total of tons ave average rage grade of ore milled was 97 of I 1 per cent copper and average mill recovery of copper in form of concentrates was per cent compared with 99 of 1 per cent and 87 per cent respectively in first quarter average cost of producing copper including depreciation of plant and equipment and all fixed and general expenses pen ses and after crediting gold silver and miscellaneous yearnings earnings was 76 cents a pound compared with 79 75 1 cents in 1 preceding quarter |