Salt Lake Tribune | 1917-11-21 | Page 12 | Report of Chino Copper Issued

REPORT OF CHINO 1 COPPER ISSUED The Chino Copper company, another of tlie "Jaokllng porphyries," shows in its report for the third Quarter, total profits of $1,041,524. etmal to 51.20 a share on ?4, 3 in.t00 capital Btock ($5 par value), and brought the total for the nine months up to $7,S54,!HS. equal to $9.03 a share, against $10.iiJ a share for tlie corresponding correspond-ing period of ISilil. The income account shows total profits fur the quarter of ?1 ,0-1 1.52 1. hs against $0.3,1,8. Jl f,or the quarter ended June SO. PlvHe-n'?,s ,f?r the third onarter amounted i-Y Vl and ror tne second quarter S2.1, I, so0. showing a deficit for the third quarter of Sl.47S.41T. as against a Vur-quTrter. Vur-quTrter. '6"'S72 for Preceding ISarnlngK for the quarter nr hssed on I'.-'J ce"1 a Pound for copper, as against -i. Mi cents for the second quarter. Production of copper in concentrates iroin milling operations was -1 SS7 3!) pounds, compared with 20.546.393 pounds in the second quarter and 19 225 111 pounds In the Ural quarter. Ore treated totaled PbG.000 tons, an averape of 10 5i'0 tons daily. This was HIST tons a dav more than for the second quarter and established a record quarter for tons of ore treated ln the mill sine" operations started. The report adds: learnings for the qu.irter under discussion are computed com-puted on the basis of 17.14 cents for copper, cop-per, as against 27.SH rents for the second quarter. Unsold copper on hand and in transit Is carried In our inventorv at lit'.. cenls per pound. This is the first quarter quar-ter lor ovor a year in which there has been any subslantial increase In tho quantity of copper available for delivery and unsold."