Salt Lake Tribune | 1919-11-22 | Page 17 | Utah Copper Makes Report

H COPPER tsmt jofits for Third Quarter Due to Higher Metal Price. Amount of Capping Removed by Steam Shovels. Ltah C0PPr cornpany'" lort slih T reivrt tor the thud .!. t.-r T..3 laued yrste:vl:t. All. .n.S!. .. ZjUtf of oi e was han.Ucd .lurin fiiinlQrter Ihan durliw the m the oer sppper content In the ,M production of copper le-Spprlroately le-Spprlroately 9 per com. Tse ,w pound cost of produom-i th 3V.-wd from 11.59 cents to I4.SS3 partly to the increased ..o !T.hicJi became effeclice July IS. Eft daaraaan In the production JJk mcrease of the cost. o : s to the wt Mrainca were computed - ti o of ""J cents per poul -l tor cop-iKirtir.st cop-iKirtir.st 14.74 rents for the previous I,,r 'he aarnlriRS computed for tho KSr'show a handsome increase. K, mss prod notion of copper con-B con-B ta concentrates for the quarter Jui, precedicc Quarter by months. mc below: m THIRD QUARTER. 1919. Ponnds. 1 V K".. S.431.U9 Cker S.leo,777 fell .. 21.774.761 inns monthly production. ,,1 SECOND QUARTER, 1919. V Pounds. 9.0o. .lo W 9, loo. it jkd - jtistie raontlily production, 9, 17I.03J fdition to the ahoe. there was rt of I9.4.91S pounds of copper contained incipiutions from the teaching plant, mg the total gToss production for the -er f5.;S9.679 pounds, as compared ft !S,iH6.97S pounds for the previous Auction Stated. icing the period there was treated te Arthur plant h total'of 1.397.41M) dry Riems 14.W0 tons more than for the ahj quarur. The average grade of ie J? L16 per cent copper ar.rt the nee recovery was 76.10 per cent, as attred with LSi anil - - per cent, re-ativelr, re-ativelr, for the second quarter. The ncBse-in producrior. v ... Mire of recovery were due to the lower Wx eontent in the headings. Ce -average cost per pound of net cop-produced, cop-produced, inc:ud:r.g plant deprecia-m-tui at flaed and aeneral chureca. a adndiiw federal taxe.-. and without ?l for gold and silver or miscellaneous wee. aas 14.583 cents, as compared Si Jl-W. cents -for "-he second quarter. llcaWad la the same way. The value die gold and silver concentrates and ie tceRraeoua income for tho quarter. Paaatea1 to 1.173 cents .per net pound produced. The higher co.t per pei;i a parly due to the increase in ve sate, which became effective July KWf-icd partly to the smaller copper iwactaw. Tfeftflqwing tabulation shows the ataeaf results of your company's opcra-a opcra-a t the qharter. as compared with a imioiis quarter : tprofit from copper production awaBeons income, including pavrr.cn t aetais e from Xevada ConsoiiSa'ced Copper t profit wseraents to stockholders tieficit for third quarter 'Profit for second quarter PPer Price Improves. e earnings for the quarter are com- )n the basis of 22.223 cents p-r lor copper, as against 14.74 cents previous quarter. This increase gjTOg price Is due to the sales for JW quarter having been in excess of JMnction, whereas during the second 2S a75" were much less than pro-- tThe regular quarterly disburse- !lr M Per share waa f''1 011 iclJ" fefthe Period there was removed a ots.l6 cubic yards of capping, be- av?rage of 183,053 cubic cards per !r,,5i,.compare(J "'th 333,04S cubic T. 1H.')16 cubic vards. respective-bi'i,r respective-bi'i,r secnd quarter of the vear. I J:reSfe was because more work was 1,1 ""e "PPer steam shovel levels, Jjne capping is thicker and less ore !ta.',?,Tege-of 8237 ton f "re nnd H, M commercial freight was trans-rmSwTT"16 trans-rmSwTT"16 Bi"8ham & Oarfieid rail-tjuiga rail-tjuiga total daily average of 9&I9 S555?arel wfth 4734 ,0r'3 r"'r Ifcn ,r.0U3 Ifarter. This increase Irl heavier slilpments from the " u5per mine.