Show FOURTH I QUARTERLY REPORT OF UTAH COPPER ISSUED The fourth quarterly report covering operations of or the Utah Copper company compan for Cor or the fiscal year sr of or 1911 1011 has hu ju just t been released The statement shows that durIng during during dur dur- ing the tho last quarter there was trat produced pounds of or copper which W was S the tho largest output In th the history of or the company During tho the quarter 21 pounds were ere produced ed in the second cond ter there thero w was 2 pounds produced and in the third quarter ter there therl wits II 25 pounds produced e The h total production during tOil 1911 w Vas V I pounds compared with pounds pound In 1910 1310 The The- average monthly production during 1911 was a as a compared with i. i pounds during I 1910 1310 Th The Tho total quantity of or or ors ore treated at both huth the theJa Ja Magna na and Arthur plant plants during the last quarter wa was ton tons as ILS compared with tons for the third quarter The Magna II plant plan t handled handle about 76 G per r cent of M this tonnage and th the Arthur Ar r. thur about bout 24 per per cent Th The Ira grade o of or orthe the ores was Wit somewhat lower tower during durIns- the previous pre CJu quarter the A. average assays showing 1 lilS 1118 per cent copper while during dur dur- ing lug the previous lou quarter the values av L Lt raged r- r aged per r cent Th Th reason on for tor Ih the lower ower grade orf ores b being hs mined during the thelast last ast quarter is ill bt because o 0 of the fact that he the strain shovels operating on on sonic some of the he Intermediate Iii tl stripping levels cred of ore more or 01 less baa mixed with ah capping This I Is old una unavoidable ble and th the h company will continue l to co thIs his difficulty for fOI rome conle months or or- until all o of th the th capping has IMS b en n removed remo 1 from rom these thies YAr various ou levela IR I Of or the ore treated during tho last J fl tor oc about i 73 p pet r cent was nas a mined by ste steni m shovel and about 27 i J per r cent toni rom underground opra operations tl I Aft After r making allowance allowan p for smelting and md without crediting miscellaneous rellan s In Income In- In come the average prag cost coat of copper produced pro pro- durin during the quarter r was iS cents a pound ns nil compared ith with 6 cents a pound for the previous pre quarter Th The increased ased cost or of operations during th he the winter int l' l months month and t tho th lo lower r grade radco o of orts ores IrP treated during this quarter ac Re accounts accounts ac- ac counts count for 01 t the Hi- h increase a o in cost t per ncr pou pound nd The Tha re results of operation for the 1 nm a financial standpoint tan were rere as lotI lot fol- I low ow's Xi-t Xi profits from milling operations oper oper- I O income inome from rom rents te arid and miscellaneous sources j. 0 Dividends from Nevada vada ia Coni l from k- k Ga Garfield rOel It Total 11 net hot profits for tho the quarter l tS Dividends pid t et surplus The h above earnings were wera computed on onh tile hp h basis haals I of or cents for Cor copper per pCr pound No Xo o copper remained unsold for fOI R at t tho end cud of the he quarter from the tit renneL refinery The Tue Magna plant with a capacity of oC 2000 00 tons dally daily alJ was unable malI to run at capacity dt during luring November o and Decem- Decem h her r. r owing to the r severe crp winter cond condl- condl I- I inns lons Six Sic Ix sections of or the th Arthur plant plan hll hae jave b been wn n in operation since October I The TIle r removal o al of capping from the company's corn com pany pany's s 9 properties properties' during the la last t three months of or the tho year yar amounted d to cubic yards ard as compared to yards ards for or th third quarter Th The decrease decrease de de- de rc crease e. e tm amounting to cubic yards r was as due to weather Interferences In Operations of or th the Garfield rt railroad lIt have ben been n entirely satisfactory a n An average a o of i tons of or ore oro dally w was 45 s hauled during durIn the qu quarter and hl this work wa was a don dons with only two engines s and lO cars In service lc er |