Show COPPER IS Costing Anaconda and Utah Copper About Monthly It Is estimated that It is costing coating t Anaconda Copper Mining company lion eo- eo a month to stay atay closed down Pro py of ore was stopped In April but It was not toward the latter DAM art of that month that nil all department ceased functioning Ore and concentrates on hand wore cleaned up and It 1 Is prop able the tue actual expenses of Anaconda In the first month of its wez considerably In excess of thin thia sum siam This Is an example of why mining mm me prefer to keep their properties ope own until compile stagnation Itt in th the Indus try demands that production of cop cease says the Boston News New Bureau Anaconda today is employing 2600 men Those These are mostly can cai takers watchmen mechanics to supervise super super- vise the machinery and keep It from de through Idleness while wages have been cut away awa- down they ther are still higher than prior to th the war In addition to Its shutdown expenses Anacondas Anaconda's bond Interest Is of course courses t continuing The company has lag ing In C 6 per cent bonds bonds' and the same amount In ih 7 per cent bonds bond both Issues maturing In 1023 1029 Here li Ii an Interest charge charse of a year which with current expenses of a month means that It Is costing the worlds world's largest copper producer a year to stay on earth Anaconda however lies has a wealth of fixed and liquid assets and can sta stand the thc strain At the close of last year net current assets exceeded of which cash and accounts amounted to nearly and metals to This latter Recount account has undoubted very much reduced by now nosy After providing for the bonds nt at par Anaconda still has hai over 7 per share In net quick for Hi Its shares of stock steele The same authority says that the In In- feature of the tho report of th the Utah Copper company for the accord quarter of this year was the Item ef or for shutdown expenses of It mine and plant While at first this seems to mean that the big copper copper cop cop- per company la is spending spending- at the rate of a year to stay closed down such Is not strictly the tho case In th the quarter recently reported Utah had hati to clean up raw copper In and finish up other work In iii hand tte it last few pounds of mine production on ov hand at the date of shutdown April 1 being put through the tho reduction works This resulted In an output t of f pounds of copper but the expense of keeping the plant In operation to tre treat t this amount was waa almost as heavy ai as if tho usual monthly production was wai put pet through It Is doubtful however If it the monthly expenditures hereafter will exceed ex ox tab I Copper In the second quarter again into to continue dividends dill divi the tho tenth consecutive quarter U It has done so Including the tho deficit of after dividends shown In the second quarter Utah thus far this year has disbursed nearly from its It treasury In 1920 its deficit dividends divi amounted to arid and In tb the year before that to In tin lbs last two and n 11 half years therefore Utah has paid out In unearned dividend over Directors meet this month to consider the tho quartet quarterly ly dividend of 1 per star share duo October 1 i |