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Show RAY CONSOLIDATED COPPER PROFIT SMALL Report of Ray Consolidated for quarter ended Juno 0, 1919, shows net profit be-j be-j tore dividends of $16,365. Production j amounted to 11.u06.llS pounds of copper, j compared with 12,liyi,o81 in previous , We compare income accounts for past four quarters: June SO. March 31. Dec. 31. Sept. 30. N'et operating profits 18,:7o .j:44.667 J ;S4,013 789. 6D9 Miscellaneous inc 1138.090 9J.369 114,099 93.648 Total $316,365 .fl6L.29g J 408.113 $ 883.348 Dividends TSS.S't 1.183,684 1,182.884 Surplus 47-.',:,:4 940,S87 "774,770 ':99,635 Deficit. Production for past four quarters follows; June 30. March 31, . Dec. 31. fciept. 30. First month 3.716.37 4,40.S 7.:0S.194 7,042.113 Second month 3. 807. 338 4.120.S8G 6.815.043 (1.352,114 Third month 3,742.209 3,769,868 6,677.912 6,964,362 Total 11,306,118 12,291,3S1 19.601,149 20.358.589 Report Fays In ptirt: I In addition to cupper derived from con-l con-l centrating ores, thtre was 361,383 pounds ! of copper contained in ores sent direct , to the Kiiieltt-r. making the total gros , produrtion 11.66t.7nl pounds, compared ' with 12,47 1,7-i pounds lor the previous quarter. During the quitter there were milled 31't.500 dry tons, averaging 1.827 per cent copptr. Th id tonnage corresponds to a daily a vera pa vf 4;t'2 tons, aa compared w ih -li'.U tons for the firt quarter. Tht mill extraction for the nuartt-r was 79. '"j per cent f the total copper contained in concentrating ore.-, as compared w ith 77. per cent for the previous quarter. Tho average cost oer pound of ail net copper produced fnr tlie quarter was 11.64 CHiits. This figure d"e li"t take into account ac-count credits tor the value of the (fnU or s.lver, imr for in tyre) I an ecu 3 Incunie, and compares with a cost of Io.Ij onts ;milariy i-alculated for the previous quarter. These cots Include a charge of 13 c-nt s per tun of ore nulled f r the retirement of rime development expense, but are exclusive of estimates for f"d--ral income and ex-'-'.ss pnjfits taxes, Mii--cellaneous inome for th quarter. Including Includ-ing n-t r--ceipts fnm gld and nlver produced, pro-duced, amounted t 2.;j cents p-r pound. Th. a rtige carr ir.g price uf copper fur the o'l.-irttr was 14. o cents, hh compared com-pared with 1J.1- cen'.s for the preMoua quartei. Th output f-r tho quarter a-' aP-prt.'.vlmatrK- 3() p-r cent of normal, t'pr-atit.g t'pr-atit.g conditio!' -1 have become- adjUctud. to tin letter product lun. ar-ovjntli.g fT thj dtcr.-ae in thu cost per pound, an compare! com-pare! with the previous quarter. During; this period th- plants have been kept in readir.e-s 10 return, mun bhort notice, to full capacity. |