Salt Lake Tribune | 1913-02-09 | Page 16 | January Was High Month at the Ray

jinn r TOTE! Copper Output Reaches .the Best Point So Far in 'Company's Career The past month with the Ray Consolidated Consoli-dated Is roportcd to havo been tho most satisfactory In the career of the organization, organi-zation, and tbo production measured 3,-S50.00O 3,-S50.00O pounds of copper, an increase of 20,000 pounds over the preceding month. This increase la supposedly duo to tho treatment of the Ray Central ores, which carry a much higher average copper content con-tent than the ores within tho original Ray Consolidated boundary lino3. During 1913 tho Ray Consolidated produced pro-duced 35,931,402 pounds of copper, tho monthly output In pounds having been us follows: January 2,470,000 February 2.140,000 March 2,300,000 April 1 2,710,908 May 3.07S.85G Juno 3, 102,310 July . 3,105. 1C5 August 3,040,100 September 3,135,103 I October 3,5S2,900 Novomber 3,370,000 f December . 3.S30.000 ! Total 35,931,402 The directors of tho company are cx-pcoted cx-pcoted to meet the latter part of the month, when, In all probability, the question ques-tion of dividends will bo discussed. It is not known definitely yet whether the company will bo placed upon the dividend list at this meeting. The compajiy has been averaging about 10 cents per pound cost of production, and the average price of copper In 1912 was 10.34 cents per pound, leaving about 6 1-3 cents per pound profit. This indicates earnings for 1912 in excess of $2,275,000.