Show I MINING NEWS AND STOCK P REPORTS I AS TO PORPHYRY MINES PAYING USUAL i. i t 4 DIVIDENDS r Directors of ot Utah Co Copper Copf 11 r Chino R nay aay X 4 n l Nevada evda Consolidated were to tv have met last lut wok and nd taken some lome action on nfl the r regular ular quarterly dividends n Those m meeting w were cre rc p postponed until this wf week k end now ibero appears to b be some somo question question ques flues tion si 1 to n R quorum b beIn present as aa It Il ItIs ItIs Is 18 quIte quit apparent that no action will ill be betaken betaken betaken taken there Are r prospects of the situation In the tho metal metRI market being cleared up Director Jl Jackling Is taking a vacation at Island Park with S. S W W. Eccles und and before leaving ln he made It plain that thal he woe was In no position to make a ft statement nl on the dividend dl situation There have been no ales rales of ot rr r worth orth mentioning for a In so ao fa far as Ii these thue companies are arc concerned d. They iney are carrying car car- Tying I large Irge rl tocks stocks of copper and while most moil n of or thee theno concerns have havo n a largo large amount of osh on hand thc they will need It tt to lo CArT earn carry their copper Information from the Enst has tuu resulted In the following follow follow- ing lug comm comment nt being made on the situation 1 by br the News ew cw Bureau Dureau I The Tho world IM ill making history PO o fast that the directors will not venture tin nn opinion as to what action will be bo taken It cannot be Le denied that on a a. 50 30 O u per nCr r c cent nt scale of o operations none of these companies com corn Panics ran can show dividends dl earned on a n nl l c nt copper market It l Is II just JUt a as I true truo however r. r that for ln th second quarter of this year the year the period covering the dividends all of or thet com coni- panic Nevada Ne Consolidated showed a very ery comfortable surplus above e dividend Utah particularly earning at et tho the rn rate te of 3 S per annum It 11 was 0 b by all odds th the bl biggest Jut three months In Iii the company's carper career production being pound pounds and cost 4 6 cents CredIting Crediting Cred Cred- Garfield raU a railway earnIng earn earn- In Ing Against mining expenses and the tile cost costI costis I is reduced to t Gt cents per pound of copper cop cop- per pr Of Ot cour course e all of or these companies are ore carrying copper and amI borrowing against It and while strictly speaking surplus earnings ran can bo be shown th the actual cash cashon on hand hancl Is I. probably bl Insufficient to meet dividend checks but this Is a n situation which frequently frequent y confronts the copper producers It Is iii nothing new A It representative of this group of mines 14 aye fI We Wo shall deJa delay consideration of dividends divi I until the la last t t moment because we think that a a. a the tue European Europe n war broke al almost almost almost al- al most without premonition so there thero ma may COomo an us sudden udden a n change e In the foreign situation that t will enable us to see a rn ray of ot light and nd govern un our actions accord accord- With thAt probability ahead It would bo b foolish to mako make predictions now no Six weeks ago altO tim tho th copper opper situation was most meet promising Worlds World's stocks were very ery low JoW business In thin this country countr gave cave v prom- prom he of revival revl and amI that was all that was need needed ell 16 tb give the strongest IlIn I to the copper market Now ow we ar are In the midst of warIn war In III II an any event ent there can R n be bl no question ques ques- lion tion about the tile future of copper Copper Is II an Sn Industrial ond while demand domand de do- mand mawl Is bound to be affected a as alii long as nl the present situation exl exists It is bound tn to come back stronger er than ever when the clouds clear aw away Export shipments shipment sic are gradually II being belm resumed d. d and the present reduced rate rat of production makes It unlikely that th there re will be bo an any great piling U up of or tocks tock Copper people are aro prepared to weather th the storm torm In company com corn I I JOn pany with other Industries affected bYthe by byth I th the strife o of nations |