Show UTAH CHINO NEVADA AND RAY DIVIDENDS ARE Advices from the New York offices are to the effect that the tho dividends Just declared by Utah Copper Nevada Consolidated Consolidated Con Con- I Ray utah and Chino will wi call can for forthe forthe forthe the payment of approximately These companies are in a position where they are more than Justified in making such a large disbursement Utah Copper for instance has about cash on hand which will wi be bo Increased to about by the time the dividend is payable The I figure for Ray is about Chinos Chino's present cash resources of 4 will be Increased t to Nevada Nevada wi has now and all ald will wi have m more re than this In short by the time that the above dividends aggregating are payable these four tour companies will wi have cash cah resources aggregating close cose to 25 Mr r. r Gemmell of ot the Utah Copper Mr Lakenan Gemmel of ot the Nevada Consolidated Consolidated Consol Consol- Consoli Consoli- Jl dated Mr Sully Suny of the Chino Copper I. I and Mr Gates Cates of the Ray Ry Consolidated have been elected directors respectively of these companies on the theory theor that the active operating manager should have have- havea acte a responsible position In the direction lon tion of ot the general affairs of ot his corn com ton pany lany com I |