Show AND MINING NEWS STOCK REPORTS AND ALL uLL STREET OPERATION PETION J RAY CON MAY DECIDE TO RAISE ITS DIVIDEND NEXT T QUARTER The belief that Ray Kay Consolidated is In Inthe inthe inthe shaping up for an Increased dividend the current quarter has been the cause 1 b buying of the stock k which tc has or quiet advanced above b 25 within i t two points oi of the highest price It ever sold Ray Consolidated has been slower than In some of the other Jackling properties getting production up to top notch due chiefly to floods last spring and extensive Improvements at Its plants At present however it Is producing pounds of oC copper per annum by far the best showing It has ever made Moreover there Is Js a still further increase in ca capacity ca- ca In sight in the next few months months- say Bay to 8 or pounds per annum says News Bureau But purely from the standpoint of what the property has done in the past six months and is doing today a a. dividend Increase would appear conservative es especially especially especially es- es in light of improving metal conditions conditions conditions con con- and ard the thc company's comfortable cash position In the fir fl fIrst i half of the thc year Ray flay earned net from the production of pounds of copper This was I the equivalent of about per pcr share against dividends of 1 In other words surplus was increased in the ratio of 3 to 1 of dividends paid Net results of this conservative policy was that on ont t June 30 last the company had net quick assets of close to against 0 on January 1 41 As Ot to present r et earnings it may be estimated estimated esti estl- i mated that the company is making a of about 16 cents e per r pound on profit O fl Its output t of 7 00 00 pounds n per annum u This would produce net of a year ear or 8 per share Against this the present dividend of 2 per share looks i small Email |