Show Uta Utah C Copper Company Company I and Dividend Status Statu t f u it I d adopted the e policy poleT a year er ago of not cot publishing it It monthly pro- pro ducton n of ot copper Utah Copper com com- results can an be gleaned only oily from p reports ports That for the tho three months ended March lurch larch 1 U showed an L InCrease In output In that period Utah produced produce pounds of copper Compared compard with pound in th the lh- f preceding three thre months In March Sarh of I this lr Year tear tn the company compan made mad 6 I pound hound lf of copper th the lbs largest months month's output t In four four and a half years ou The fO b being I ln made mad In reduction I facilities e a af a both the Magna lala and ad Arthur plants plant Z is I beginning b to bear bea trolL fruit In th the March larCh 31 3 quarter quate Utah milled tone n f of t ore This 1 ii at the the- rat of 2 annually II i. i and Jh indicates indicate t Vc tride toward capacity of tons toes tOi quarterly Available by the end of this th year ar VI Visually all 11 of Utah Utah's operation Is f by team steam tear shovel hovel mining making for very low cost Costa COta hut But the rising tide of ot mining wa wage h Is I. apparent In the results renUs for th the il tint t. t quarter this year er r- r Average cost cot was Wa wa ent cent per pr pound compared with lh coats cent COt p per pr r pound poune for all al of 1922 lUZ The These figures fure are are before depreciation taxes tun s and depletion and notwithstanding I In the first 1 thre months of 1921 1923 v tion ton bowed an an increase and ad recovery of metal values value Increased from per percent percent percent cent to to 83 83 8 per cent costs costa jumped 1 cent centa a pound pound Utah's Utah aa aale price for Its I. I metal last lat Quarter wa as wa 1659 is cent cents compared with 1339 1309 11 cent In the December three months month ThIs figure fleure I I. I the result of averaging actual tales sales aln at prices priceR made mad and unsold copper at 13 1 cents It I ce that at the company came cam close to selling all al It its cose I S. S first quarter quater production Utah Copper in March 31 Quarter Quarte earned net profit of ot 1137 per share hare on Ott Its it 1640 shares hare before S depreciation depletion and t taxes XI against dividend re requirements la tl of ot 11 1 per share ha On It its I. I production Utah had to earn an a ft aper per pr pound profit of 6 cents centa to cover the Increased This left Ift about I o o p per r pound for property properly charges charge and taxes and Indicates that notwithstanding copper has baa advanced sharply since Ince late In 1922 Utah Copper Copper and and the same ame must mut I hold true for tor the r rest real t of the dividend paying producers producers-Is Is earning no hue huge i margin over dividend requirements requirement I At it ita current selling price and Ind paying I 14 4 annually Utah Copper yields 61 51 per peri i cent An Increase to 0 15 U 5 annually If the metal market In the coming few weeks nek should Justify it it I. I would still call can for a aper aper aper per pound profit of over 6 cents to cover dividend requirements requirement allowing for an output of over pounds pound annual annually an an- nual th the rate rat Ind In 11 th the mouth month of lt March Mach Notwithstanding coppers copper advance coals cota have hae kept PI pace and ana an it I Is this ion tion ton that tha is I causing those thos tho which are not nOl paying to b be b cautious in resuming them those thoss that ar are Be paying have hav not much latitude for Boston n News New Bureau I |