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Show PORPHYRIES HAVE j FIFJEHB Jackling Copper Properties Report Wealth of Quick Assets. A noteworthy feature of the .Tackling porphyry copper reports recently issued la the wealth of quick assets shown by each company. On December 31 last, for Instance, In-stance, Utali Copper had a working capital capi-tal of over 130.000,000, of which. S11.491.-6S9 S11.491.-6S9 was cash In the bank. All of the other mines in this group were correspondingly correspon-dingly strong in "net quick" (chiefly copper cop-per In process), but less so In actual cash. Net quick assets. Cash. Utah Copper (80,285,889 11,491.683 Chilio 8,829,254 533.625 Ray Con 11,167,214 2,204,172 Nevada Con 14.301,422 2,6:51,810 Total StM, 583,779 $16,S61,196 The growth of these properties in respect re-spect to cash position Is appreciated when comparison of the above net quick assets of $64,583,000 is made with $28,945,000, the total only two years ago. Tho increase 120 per cent. These companies last year distributed in dividends over $47,000,000 and It was not so very long ago that some copper "experts" predicted that the porphyries were doomed to failure! The ore was too iow in grade and the metallurgical difficulties too complex to make possible a commercial success, it was alleged. We tabulate net earnings and dividends as follows: Profits Dividends In 1917. in 1917. Utah Copper $28,695,495 $23,555,105 Cllino 9,512,854 S, 612,802 Ray Con 9,701,169 6,624,151 Nevada Con 9,124,629 S,297,746 Last year's record will probably stand for some years to come. Higher costs', heavy taxes and a lower selling price for copper will work in the direction of smaller small-er divisible net and correspondingly smaller dividends. The rather low average selling prices received for copper last year is surprising. surpris-ing. It was evidently under 26 cents. Calumet & Hecla got 28.39 and Copper Range 28.73 figures over 2 cents per pound better than obtained by the porphyries. por-phyries. Boston News Bureau. Boston Stock Quotations. J. A. Hogle & Co., 169 South Main street, furnish the following quotations, received over their private wire: BOSTON LISTED CLOSE. Bid. Asked. Adventure 1 1 Ahmeek 75 77 Algomah 25 30 Ailouez 49 50 Arizona Commercial 12 13 Balaklava 25 30 Calumet & Arizona 63 68 Calumet & Hecla 435 440 Centennial 13 14 Copper Range 45 45 Daly West l?i 2 East Butte 9 9 Franklin 411 5 Hancock 7 7 Hedlev Gold 10 Isle Rovale 22 22 Island Creek 62 62 do pfd SI S3 Davis Daly 5 5 Indiana SO Keweenaw 1 3-16 1 Lake Copper 5 5 Massachusetts Con : 5 Kerr Lake 5 5-i Michigan 2 2 Mohawk 61 62 Mason Valley 1 5 New Arcadian 1 2 North Butte 14 14 Old Colony 1 lji Old Dominion 40 41 Osceola 52 53 Ojibway i 1 Pond Creek 18 13 Quincy 70 75 Shannon 4 4 Santa Fe 73 100 Nipisslng S 8 St Mary's 48 60 Superior &- Boslon 2 2 Superior Copper 4 5 South Lake 1 1 South Utah 14 17 Swift & Co 139 139 Bingham Mines 9 10 Tuolumne 98 101 Trinity f 3 3 United Shoe Machinery ... 44 44 do pfd 25 25 Utah Apex 2 1-16 2 Utah Metals 2 2 Utah Consolidated 9 9 Ventura 6 6 Victoria 2 3 Wolverine 25 30 Wyandotte 50 100 Winona 1 1 U S Smelling 37 38 do pfd 43 43 BOSTON CURB CLOSE. I Bid. Asked. Butte-Detroit 38 TT Bohemia 1 1 1-16 Butte & London 26 30 Boston-Montana 49 50 Black Hawk 1 1-16 1 Canada Copper 1 1 Denbigh Copper 1 2 Chief Consolidated 2 2 Consolidated Copper 3 5 Crown Reserve 20 25 Consolidated Arizona 2 2U Eagle & Blue Bell 2 2 Houghton 75 90 Majestic 23 30 Iron Cap 1S 1S Nevada Douglas SO 85 New Baltic 70 75 New Cornelia 17 17 Ohio Copper 90 95 Oneco 25 30 United Verde Extension .. 39 39 Jerome Verde I 11-16 |