Salt Lake Telegram | 1916-02-18 | Page 6 | Utah Copper Dividend May be Raised to $8

UTAH COPPER DIVIDEND MAY BE RAISED TO 8 Utah Copper Is making such a large production and receiving the highest prices for the metal In its history so that there appears to be no further doubt but that Its quarterly dividend will be raised to 2 a share or 8 annually On this basis its dividends would amount t to to annually and It is possible that some extra disbursements may b j b-j made niad which will bring its total dividends for the year up t to 10 I In which event e ff Jl its disbursements u e s sm among m stockholders o e n n 1916 would v amount to The e average p production i front from this m mammoth mammoth mam mam- ml ff rJ r moth BIngham estate In 1915 was more than pounds a month At pre pre- calling prices it Is earning at least 20 cents edits a pound which would bring Its earnings for a year ear up to There has been produced more than 16 16 pounds o s of copper a month ll re ll fr company n and if it it were able to maintain this production for the full year the profits would mount up to more than annually This does not take Into consideration the profits of the Neada Nevada Nevada Ne Ne- vada ada Consolidated and other subsidiary concerns controlled by Utah Copper with earnings of ot several millions a year When Managing Director D. D C. C Jackling Jackling Jackling Jack Jack- ling stated that Utah Copper was a a. lar large e manufacturing business he had in mind a property that should earn upward of ot a month under the most favorable favorable favorable favora favora- ble conditions It is possible for the property property property prop prop- erty to earn upward of ot a year under such favorable conditions as exist today but the early statements of Colonel Jackling were vere not taken seriously in some quarters