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Show TIKES lllS FOB PRICETOJE FELT Sixteen-Cent Copper Is Not Felt Yet by Nevada Consolidated. The folto wing dincusalon of the N'ovncla Consolidated uifairs lv Thompson, Towle & Co. will prove of Interest to shareholders: sharehold-ers: During the flrat quarter of 1912 Nevada Ne-vada Consolidated mado an excellent showing, despite the fact that production for onri month fell below 5,000,000 pounds. ?ut profits for the period In question reachod ?1, 233, 767, which Is one of tho largest in the history of tho company. Copper production amounted to 1,578,-450 1,578,-450 pounds, which Indicates that tho company com-pany produced during this quarter at tho rate of 70,000,000 pounds of copper per annum as against approximately 03,000,-000 03,000,-000 pounds per annum for tho two preceding pre-ceding yoars. Those earnings of J1.233.7CS, after allowing al-lowing for depreciation and ord extinguishment, ex-tinguishment, amount to ?9G2,262 not available for dividends, or at the rate of 51.92 per share per annum after every deduction has been made. This amount is nearly 50 cents In excess of tho company's com-pany's earnings, because from 100 to 120 days aro required after production for tho prices received for the metal to be shown In tho company's cash balance. Based on a production of 70,000,000 pounds of copper por annum. Its present cost of approximately 7 cents per pound, which allows for depreciation, assuming an ore extinguishment chargo equal to that made for the lat quarter, and that copper is sold at 16 cents per pound, Nevada Consolidated should bo earning at the rate of $2.90 per share per annum, an-num, as against Its present dividend of $1.50 per annum. |