Salt Lake Telegram | 1916-10-05 | Page 12 | Utah Con.'S Profits of $6 to $8 a Share

UTAH CONS PROFITS I OF 6 TO 8 A SHARE With a revival of reports that there are I prospects of the Pine canyon tunnel be beIng being being be- be ing driven to drain mines at great teat depth It may be of Interest to the projectors to note the big earnings of Utah Consolidated which Is one of the first estates to be ba benefited by this big bore A resume of this property Is given byone the authorities as follows Utah Consolidated Mining company will wi this year make net profits of between I 6 and 7 per share acc according to present indications This would permit of an extra or Increased distribution over the 3 dividend rate now being maintained Provided the mine yields for the tho balance balance bal bal- ance 01 of the me year copper and ana lead at ai current current current cur cur- rent rate of production of about pounds monthly of the former and pounds of ot the latter Utah Consolidated Con Con- will have turned out In 1916 about pounds of copper and pounds of lead comparing with pounds and pounds respectively In 1915 Higher wages and greater cost ost of materials materials ma ma- have naturally been reflected in Increased cost ost and the estimated estimated esti esti- est est- mated earnings of at least double present dividend requirements were arrived at after ater making due allowance In this HemIn item Hem In addition addIton to Income from Its Is own mining operations Utah Consolidated has hasan hasan ha an Investment nt in shares of Ana Ana- conda