Show NEW RECORD FOR ORE EXTRACTION BY UA UTAH COPPER COPPERI It I is ls not strange that thA the tIle shares of the Utah Uta Copper Coppe company should shou ll bo be b selling at at n new w high levels the tho only strange thing hing about It I Is that they have hare not long long Jong since Ince reflected tho the strength of ot every every department de do- dOe of ot the tile company's oper operations more e especially th the tho splendid earning power afforded h by a Q 17 cent ent lt metal market It t will be bo surprising If It the month of August d does doe ec pot not ot show sho net nit profits for Utah Uta copper not Including Including 1 Us c equity Inthe in inthe the he earnings of ot Nevada Consolidated In n which It Il owns a majority Interest of or rising ising or at the thi rate of oC better beter than han per annum The production lon tion ton this month promises to eclipse the new new- high record of pounds made mado madon mad In n July Thui Thu It will wf bo seen that Utah Copper alone Is earning 9 per share on 1 outstanding shares with 00 yet ye to come from Nevada Con- Con Naturally such tence affluence leads to talk ot of f something better beter than a 53 8 3 dividend rate rte but the thE directors are deaf dea to nil all entreaties an and reiterate that not until late ate lae net next winter or early spring will wl they give official consideration to an extra etra dl disbursement bu ement In the tho thO meantime however howe cash will wm bo be bB rate as the tho piling up at an enormous company has his practically completed Its 11 expenditures for or ton lon ton and remodeling which will wl b bo be a considerable Item char chargeable c blo to the the curent cur cur- rent ent- years year's ear accounts Iem In In fact fac the striPping striP striP- ping Ing expense amounting to about 00 per month month will wi be the tho only expense out ut of the ordinary for tor the tho coming year unless something unforeseen seen should develop de- de elop Incidentally It Is well t to bear In mind that this prepaid stripping account that concerning the bookkeeping treatment of ot which so 0 much discussion has hn taken place lace was was was' waI written down l last t year car to the extent of or leaving the debit balance alance on December 31 31 1911 only At the present time tho the mine Is 18 show show- ing ng the highest ore orf extraction ever recorded re- re corded cored at a single property its IU mills treating at the rate of about tons of f ore per day The Th wisdom of building an an n Independent line of railroad from tile the thomine mine to the mills mis at Garfield lisa has been aph amply demonstrated AS under former conditions tho the company could not at the outside ship over tons a day The BIngham Garfield railroad Is 19 Isnow Isow now ow handling about 75 per cent of the total otal ore tonnage and Is making making It p pos pos- selbie s- s tot ps- ps Ible elbie for the company to obtain the maximum benefItS benefit benert from the present high price rice of ot copper In a peculiar polar sense the Utah Uth Copper company compan while of or course courle subject to tole the le vicissitudes of ot all 81 mining enterprises may how be considered a R manufacturing proposition It I has ha the raw material material- tons of ore ore ore-a orea a magnificent and paid pai aid for equipment an operating cost of or under B t cents per pound and future prom profits will wil be limited only by tho the price ot of f copper I |