OCR Text |
Show COST OF PRODUCING COPPER ON DECLINE Copts of produeirp: cpp-T appeir to be drcllntni from their wa.thro ir,a.i m m, for tho I'tah Cop;-' r company's Iaf : Quarterly rer-o; t yhc v. s a cot of 1 ".72 cent a irr T-onmi. ;m comp.n''-d with 1 '' 2 in tp previous i'i:ir!cr; concurrently th-' Nevada 'on-oi lat cd r-'ooris a dc -re;; :-- from Ith'il mi the p'-eced-n-.r ouart.-r. to It,.;.;, cents I or pourd in i . e fiit quarter of tiiis vea r. At t he- Hav th-- reduct ton has been even lars- r. trorr 10.3 to 1,"..) cents, while at the "'hino. with a ir.-cent cost .only C.S cent has been lopp-.-d o''f during tho quarter. T'nc fortunes ot the--bier copper mines liave been tr;ously af-f.-ctfd by tho drop In th i rice, as mi edit readily be imagined. from a su-piu oi" 5 1 .24.7S:i on ..''Ptember ;ii, the- I't.ih t"oo-pT t"oo-pT has cotno down to a d ficit on M:'.:- h rll. aft-T paying its dividend of t5 1 ..hh'.. i 10. The four nd tie? mentioned .'-how an ac-Krecrae ac-Krecrae deficit of ..'., 7S. as cntrp;ired wiHi an at.-'-rrtr-cate snrphis of ?.7-'t.7Jl six months earlier. During the first four months of b-ll the mvidends paid by iho OM'!'1!' mines of this co-mirv tota'cd L'.h-(ilS.ltSh. L'.h-(ilS.ltSh. :t s i. nmpafed Willi ?c'h ' 1 ' vVo 3' -.ars ago. Minim; and S.he r.t i i'ic I'rofs. |