Salt Lake Telegram | 1916-02-25 | Page 6 | Metal & Tunnel Annual Report

I METAL TUNNEL 1 I UES ES ANNUAL REPORT I. I TON Feb 2 23 The 5 The Utah Metal issued its first annual annual today oday showing net profits of r Tho The company compan produced runds of copper and the Bingham Bingham- I Haven Javen produced Gold proby pro- pro liby by both companies amounted to ounces and silver sUver ounces I produced by the l Utah company r g-c g fc 4 pounds r ds and by tl the fling Bing- company pounds An AnJi Ange ge of 20 per Der ounce was received for oio old cents per ounce for the cents a pound for the he and ind 3 cents for the lead read I Ito to future policy directors feel that iwo wo companies together should havI have hav I assets of before paying dividends H-dividends They believe that assets I amount to so near that sum by bv S II 11 and possibly earlier that it will willI I to set aside SO per cent ent of IT earnings and appropriate them to ends ds t i f r