Show I MINING NEWS N AN AND D STOCK REPORTS I UTAH COPPER HAS QUICK ASSETS Of n nI It I ma may b i of oC interest to stockholders en enor of or tim Utah Copper company to kno know that this concern concer has In quick on hand While a considerable portion porton of oC this Is said eald to be in copper mot metal l. l the thc agents of or the company com corn pany rny reny arc bound by a contract to advance ance funds whenever called for up to SO 50 per percent percent cent of or the thc value Aluc of or the undelivered copper copper cop coP- per on hand i I II tt It I can be seen een at a R glance that that directors Mi- Mi rectors r of or the company were fully Justl- Justl lied fled fed in II posting the last Quarter quarterly dividend of or 7 75 cents a share a as this payment to tobe tobe tobe be made on September 30 o represents mone money slightly In Jn excess of or sixth one of or company's compan The compan company com coin the tl 8 quick a assets sets pan pany has been earning twice the d paid for a lon long period and di directors dl- dl rectors thought the company compan was as strongly strong trong- ly 1 1 enough nouh h fortified with cash to to warrant warrant war war- r- r rant dl disbursement of or a small portion of oC the tue profits to stockholders At the tho time the dividend was the company's t Indebtedness was us placed laced at aton on only lP CO This wa was wai practically the amount due for current operating expenses ex ex- es Including some onie fome bills bils that will il be rendered for pR ment on 01 October 1 J. Since the tl posting of or the dividend the compan company com corn pan pany s metal selling agent has sold old a considerable con con- portion of or its Ils copper metal and th there ro appel appears to be for belcIn believing belc In ing that the output which ha has hal been curtailed cur- cur tailed 50 per cent t will wi be entirely consumed con con- con con- as is 8 it Is 15 put in shape shapo for the markeL mar mar- ket keL Home consumption is said sid to ha have hae e Increased perceptibly and thero there I has as boon exported about as as s much copper a as the foreign countries are required to consume Ol on wt t the he present 50 per cent operating 1 bass js It I is Im estimated that Utah Copper will wl about about main earn ear UK Ita dividend at this time on Its He curtailed lR operations It I IB is sate t-afe to es estimate es- es curtle Its It earnings at Ht 2 2 a share on 50 oO Tier er c nt of or normal production and not notI I including Its portion of the Nevada Ne Consolidated Con Con- dividend is porton Its Is cost under existing existing exist exist- In ing conditions t I is not as lB high as some estimates as the bl big Items of oC expense hc hav been eliminated entirely |