OCR Text |
Show BINGHAM AFFAIRS. " "The Utah Consolidated eompanr'a diW-dend diW-dend meeting; will be held about December 15. aars Georfe L. Walker in last week's Boston Commercial, "and there is every rea-aon rea-aon to believe that the rate will be increased J 3 Pr bare semi annuallv. tIi?0,,lp, wiH ern approximately $2,500,000 net thia year, and with the his-her price now ruling for copper it should earn at least $10 per share, or $3,000,000, next year. In riew of the exceedingly low cost of the company a copper, ita ateadily increasing production pro-duction and earnings and ita large reserves of high grade ore, its stock is entitled to sell between $75 and $100 per share. At its present price Utah Consolidated is an attractive purchase for either speculation or investment. ' There are two copper companies whose atoeka sell at much the aame price and which are earning the aame amount per ahare, and Tet are quite dissimilar in character. These are the Utah Consolidated of Bingham Bing-ham and Mohawk of Michigan. The latter ia essentially a "high metal 1 market" mine. The Mohawk's cost per ton is the lowest at the Lake, but the Utah Con-' Con-' aolidated. on the other hand,- haa the lowest low-est pound cost of any mine in. thia country, less than S centa. The important figures of the two companies in this connection are-a a follows: Mohawk. Utah. No. of aharea 100,000 800,000 Production j, . . . . 10,000,000 18,000,000 Cost per pound lie 6e Earns per share on 205copper $9 fg Earns per share on 15c copper $4 SS While theae atoeka are now earning the aame amount, on what we have been aeeua-tomed aeeua-tomed to consider an average metal market, Utah could earn 50 percent more than Mohawk. Mo-hawk. If copper were atill lower Mohawk's earnings earn-ings would entirely disappear, while Utah could atill continue to earn a few dollars per ahare. The Boston Consolidated company Is placing plac-ing itself In position to achieve the greatest results in the early spring. Two steia shov- . ' . . . . , , |