OCR Text |
Show FORECAST OF UTAH COPPER DIVIDEND Special to The Tribune. BOSTON. Mass., April 12. A forecast of the Utah Copper estimates that the company will show ?4.50 per ahare earned on the stock, ns agalnHt Sfi per share paid in dividends. Since March C there has boon an Incrcaso in market calculation of Utah Copper shares, of which -104.501 arc owned by the Guggenheim Guggen-heim Exploration company. This has increased tho value of the Guggenheim holdings by some $2,500,000. and the directors di-rectors have decided to increase the capital stock to a figure that will give Guggenheim shareholders four shares of new stock for one old certificate. Thus thov will get the benefit of Increased dlvldendn resulting from increased earnings earn-ings of Utah Copper. |