Show 1 I U GREAT t r MI MINES t IN H COMPARISON Mr I What Utah Consolidated is Doing As Against Senator Clarks United Verde BINGHAM HAS ADVANTAGE CUM nt i ii I lieu Citi II tI I Mure Iu l iriS 1 I limn HID thu II lug Ills 1 Arlont Utah In companion with lh Coiled l Verde la II I interestingly by b Charge 1 L L Ual Wailer Walker r In the current curren I la ta f sue aue Ul of the th Boston BoMon Blon Commercial Utah Ula U ii r in n many man re es a it 1 duplicate says y Mr Ir VIker of ot th the he treat creal reat Verd It II will wi prove to u be b greater erMler than thaus United Verde rl To those thO who ho have h e I been teen brought up to 10 believe bellet blI that United Ulle Verde U is th the largest III mid end ild mine In II the th world worl this will 1 seem p m u ridIculous statement 1 J have hul been b making maing souse 8 comparison however hopr antI my statement but be a II lent hurta of or actual figure of oC production awl and pro flu lit The no flO static mania menta of ot opera u operation and lId Hi Its profits cn Nit be bl In no nn other way It than thao by b the tile dividends dividend It pays As s 8 It In Is a II divi tided payer of long Anti Is 18 neither buying nor developing new III It l Ita 1111 it many yearn anu arl and mutt must N tit In III shape hat now OIl to disburse all II Its 1111 u net nel earn PArn Utah fun Consolidated on the oilier land hand I is III a R young roans which hus hu ha l bf been een 11 adding to Is equipment and In crea liis It Us its production very Ir rry rapidly cud and ot of requirements in that Ihal direction lw use haM been ac cc accumulating cumulating working capital Aa A Utah llah ISsues I UH detailed dialled 1 annual re rl It II Is g Possible to 10 make IIII it a Anti of ot lu Its net earnings earning alter after sill nit con ren et n t met Ion with ti lie dividends r l l by h the he great United Verde company Sine SInce last Jut October the fOlde hUH Imite monthly dividends of ot 74 Th j cents III per por abate on SI Its 1111 0 aha sharps re of dock or at the rate rail of or Ji SI KT share han annually equivalent tn to Utah lo dated 11 to 10 llO d of or ropper this year at lit a n oral loot of Ul pr per r I pound awl nil therefore hould alcoa ulion nel nt earnIngs of II M cents per par pound or whIch In is slIghtly more than 3 jr share bar on Ott Its Us shares Lam JAt year the Verde poll only r len H 7 75 71 cents e each ch or nr and nd In III the name year tIl Utah Ulah net earnings about U 1 Tr share 1 less titan than tn It erdea dl ii d II compared wilts n Another An fact fatt act brought out nut 10 by y M is I that Utah Itah U II i apparently Ing gold and anil and nicking its Iti II copper at itt a 1 much flInch lower cost coat at than the greet great United Verde erde erd which some Mime writers writer v ith more enthus l m than lieu Information have declared In lo 1 be e the he greatest t gold Bold and sliver silver mine mint In the Ih world and capable of layIng Ita Its copper down dnn In New York at lit no cost lilt nil all being icid I 1 1 by b tho II precious metal values value During I the three lures yera 5 that UtAh ret net ns have han approximately equalled Verde erdes dividend distributIons dl In ln output of copper UM bu aggregated only on I about half as ax man pounds It tI would appear apper therefore that Ihal either through greater of lit operation ns or JH as the result of much larger Precious lr met islet Ml al 1 values value Utah murt mut to be making makin consIderably mote mOl profit prent per pound of copper than the United Verde ernle The rIte fact all that United Verde eede Iro passed sev ae era pral cral when wh n the price of or cop COI copper per declined Is us the basis baalu for my a IH as that dividend payments rep represent resent current net earnings earn I Compared for a period the lite showing I I Is III not aa u favorable for Utah Consoli Consolidated dated From to Verde Verd rd produced I pounds of copper at ata ata ata a profit of nr 7 iIO 0 cents tent per pound lOund and ami IMI paid pate In dividends While dur duro during during ing the th same lamp period Utah Itah lab produced roduM t pounds of at ata a profit of oC S US S ant and uti paid to the Ihl amount of During Durin the five years rears covered by b this comparison the Ulah Itah pur purchased chased several ne new and built buill addition additions to 10 it its smelter Increasing Its i I capacity tuna tun dally daily In the same period the capacity of o the United Verde erdt erde I smelter was AI l from rom 1000 1001 I ton lon tonto lonI tons I to 10 ITS 1750 toots tons dally daily dati but bet no new proper prop properties ties tie were w purchased uba d The TIlt cot COM of or renei ter I er enlargement therefore mu muM t have ha e been fully tully twice a as 11 great aa as related to tu copier roPI r Production la ii the ca rae cue e of Utah VIb as AI a In n that last of the United Verde arde both companies having paid for this con lOn const st ruction out MIt of earning Anis Agahi the tM Utah undertook Us Its Im Improvements with a small mall surplus on Oft hand and small 11 production and earn earD inn Ins to in draw from while tle the II n Verde rde wa ca at al that time Um a ala large producer er Cr r and dividend payer par probably with witha a I large Ia cash surplus The flue Inert Increase IA In Incapacity capacity amounted to WO M O per ff cent ceni t In m th t tu cis of nf the Ihl Utah nah Consolidated and only i j mar er rent cent In ID the th caa lie of or the u United Verde I Tp tI to dat dal he the Verde mil ha h paid I a total Ital of In dividends dividend It Its disbursements M tended extended over a I period of nC II IS year earp tab tah Consolidate paid It I heal dh In III 1101 HOI and to 10 date ha has tUU I nUllo M When It I Is I remembered however that Utah I Consolidated began Miln operation only nine fin vr veers ago an with t a gross rena 11 capitalizatIon of o H 1 which paid for nr It I Its properties and ot Installed It its Initial that It never n r called ailed for tor ad sd Iti in any an form but bUI ha hat hAt t alec ke enlarged tn lar It Its 1111 developed it il miss mill ii vs a very pr broad bd cle lie dis distributed III I a 4 total 1011 of oC UI CM In tn di nd bought addition Id properties and nd ac C t t i cash canto nl ha of or imis Imal liot v nn no one n can in doubt that thet It Its 1 sill r t be larger I In the Ib filler than Illan they Ihl have Ita been In lb It caM I ji I i h bf Up ee that during IS he ln IiI t f the I mine jI c se 1 I ill 11 fl rIb t jr e as s much money anar anarI M I I I t a kv 0 the I il edited Verd Ir f fAI At AI ii ri j jie of or the I stork stock t 1 1 01 bIers if II III t tI I S 11 f i u in nn i n Pit its Ita ItaN t tj fl i LI it II N t I on 01 lh lb titles price how hors Pr ar r t 1 tL ke rule rat ral of U per pee coat cent or Pt if r f p pr r holds hk at t ap roll s is t l Iii 11 7 fe nt per ff It would woj um I nah rate eat Ip moat mut 1 Increased next year |