Show AMALGAMATED AND UT UTAH Al COPPER CAN CANI I PAY MORE DIVIDEND Tho action acton of the directors of the Amalgamated amft d Copper company compan hi In raisIn raising the quarterly dividend rate from 50 BO cents cent a share to 1 1 a share did not come conic n as a This Increase sc was generally expected although the directors of tho the Anaconda nt at the meeting meetIng meet meet- Copper company mEet mEet- In Ing a month ago ago ao made no change chane In the 4 rate As long IonS as Anaconda maintains maintains lt Its IR dividend around 2 a Q share a 1 year year c r there Is 18 little advancing chance of Amalgamated nr anc ing Its 1 rate tate ov over OViT r the tho present t J-t yearly yearl The Tha 2 dividend Amalgamated 4 ro- ro 10 on Its it Anaconda stock is sufficient to pay a 1 U per pr quarter on 01 Amal Amalgamated Amalgamated receives an Income of ot or a a. n year from Its International Inter Inter- ml national tonal Sm Smelting and United Metals Meta Seln Selling and other minor Investments IT but they are not largo o enough h to enable the tha payment o of more than a share a a year on Amalgamated Amalgamate However 1 cent 16 market ow ower er on OD a a. copper the Anaconda Copper company coman can cn earn Iam close cloA to Amalgamators Amalgamator's equity In that amount of ot earnings Is equivalent nt to close cose to or OV 10 a R share hare Including other Income Amalgamated Amal mated on cent 16 copper and a 1 co cost t of or ort Jl t cents could show earnings o of 1000 1050 a n share It I is 18 possible that the Anaconda Anaconda Copper Copper Cop Cop- per company directors at the next m meeting meeting meet meet- t. t ing will wi Increase the dividend which has been at the thA rate of 50 60 cents a a. 0 share quarterly quarterly terly fur for or several e cral years ears In that vent event there hero are good prospects that mal Amalgamated Amalga a- a mated d would follow with wih a further In Increase In- In crease cream crenA In the rate In connection with the present price of ot ofa n. n Q Itt little over o el 16 cents for electrolytic coppeT copper copper cop cop- per peT maximum earnings of or the various copper opper companies s will wil not b bo fully re reflected ro- ro for some Rome time to como come The various va va- rious copper companies and selling agencies aen- aen agen agen- des cies clef continue to make mak deliveries ere del of the thc metal on a lower basis than 16 cents The increase in Amalgamated's dividend dividend divi divi- has hns given hen rise to rumors that Utah Uth Copper Coppel will HI soon anon go 10 n on nn a 0 5 annual basis compared with wih the prE present nt rate of 3 53 a share However It can be be said that the directors have havo not committed themselves to an Increased Increase dividend at nt the tho next meeting Including Utah's equity in Nevada COI Consolidated's earnings It Is 18 f figured that th the former can show earnings of a ashare ashare share on cent 16 copper In Al August t. t when It is expected expect d that Utah Uth alone will wi b he producing at the tho rate rate- of ot pounds of copper annual net earnings o of eArning 10 a share shara on a R 16 16 ent copper ropper market arc rc c expected x This of course Includes Utah's equity in Nevada Ne Conol Consolidated earnings s. s Utah paying 3 A A share shan nets the tha In Investor In- In vestor R at t the present market quotation for foi fOI the stock a share and Amalgamated Amalga Amalga- mated mate with a 4 dividend Jd 18 a share share |