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Show iota con. ISSUES QUIHTERLY REPORT NEW TORK. Aug. " 4. The Nevada Consolidated Copper company's reports for the quarter ended June M last. In comparison with tbe correspond Ins" period of the year previous: Tetsl earnings. lx4.!M; decrease, MS4.-!: MS4.-!: dividends. 1M; Increase. ;"; surplus. I1JVH71; decrease. J7.Ht. The numser of pounds of copper produced A iirl..J the qusrter wss l&.477.eM. compared com-pared with lK.17t.47g for ths corresponding correspond-ing period the year previous. President ft. W. Rt-cles In bfs report to ths stockholders seya thst ths ere treated dining tbe June qusrter sversged .h per cent, ths lowe.t srede milled for any uuarter since the beslnnlng of operations. Hi silo's: "At the beslnnlng of the quarter quar-ter the directors decided that In view of tha market price for refined copper. It wae conservative to write down the figure st which the etocks of copper on hand snd in trsnalt wsrs being carried. To accomplish this fhs credit bslancs In the metal pries reserve account of 4S,-t'.'f 4S,-t'.'f was utilised, and an additional deduction de-duction of iKt.tct.made from the quarterly quar-terly earnings. Ths copper etorks srs now carried on a basis of 171 centa per Kund. which Is less than the price now ins received. These sdjustments resulted re-sulted In the deficit of til!. 87 shown In the profit snd loes statement. The ' work In connection with the Liberty pit le progressing satlsfsctorlly. |