Show FINE SHOWING FOR UTAH CON the utah consolidated the highland doy boy the pioneer copper producer of bingham utah and to whose unparalleled success this great camp owes much and is greatly indebted for its present prosperity has just closed a year of operation that is highly satisfactory to the company and one that records a greater production of the red metal than any previous twelve months in the history of this splendid enterprise the company made its annual statement a few days ago and this was most pleasing to all concerned this statement sent out from boston baston in a special to the salt lake tribune reads as follows in the annual report of the utah consolidated soli dated mining company issued today it is shown that the company earned net for the year against during the previous year or per share there was produced a total of pounds of copper including that from custom ores the table is as follows ores oreo treated tons copper pounds silver ounces gold ounces profit and loss account sales expenses profit for year profit and loss surplus stands at 2451 compared with the year before A total of feet of exploration work was completed 2725 feet of was in ore this work being principally in the upper levels and resulting in the development of about tons of sulphide ores close inspection of the utah consolidated annual report reveals some amazing items and shows it the best in the point of costs values alues share earnings and surplus ever issued by the company aside from the fact that the copper costs are down to cents a pound perhaps the most unique feature I 1 is the precious metal values re recovered coveted fron from copper operations the gold and silver recovered totaled in value deducting these thes e values from copper producing costs and eliminating depreciation and experiment charges the cost sheet for copper is found to make utah the lowest cost copper pro ducer in the world analysis of the rather complicated report shows the following refining freight selling insurance mining expenses exploration arid and development smelting smelling Sm elting expenses eastern legal and sundry expenses 51 custom ore purchased total less gold and silver values net cost |