| Show QUARTERLY REPORT ON UTAH COPPER COPPERI I Shows Output of the is Lis Than Third PROFITS OVER HALF MILLION v I t IIII 11 fl ft ot or q j u Jh uIn In I l b by th Itah u r thu It I Ii hwn that th thu Ut put from rom th wi I than for th quarter that 1 both buth plan In 26 24 nl could hao h Wf with no d ad thAt the not net for forthe the wore and that jt he plant h boo ht hat It h ho an n In exes or of O toni ton a 4 day r III ii lUll ao rollow To th or of th Lb Cop Copper Coppal per pal Company llY th of your OU during durin the th of and th fourth qUaI tt tr of the year 1 iNS resulted sa tol fol fole ow Jo If e lion only of tM plant were wre In partial until S when the 11 of the plant was WIllI placed n II to II 0 tm dile du to t attoa but to UI iut winter waher tb plant hu hal not it yet been operated o I It ItO fUll capacity It for per Iud or of It a fw few 4 day at t a limo Ab ormall severe ft condition prevailed throughout portions of the of October and re III 10 0 deficIency of tonnage for or about i 1 per cent nt a ftp corn com wed to Ih the reee monthly So or th the quarter The month f o aMo showed a deficiency ncy III I compared to the 10 previous t verae but we e were able bl to nOW of PC th the lout I In December I monti we milled out II to bring down dOWD for this IbI quarter OM M 1 4 with lIh the t Ia to per por nt I In direct ratio In a aI I or of op fr output For the tuRner under the w was a de raae cc with th the third IlIner of pound The reate n 0 and In copper In II a proportionate In InaM aM In III the cot cost per IK of co coPPer I lie ars coat for the fourth 11 r been 3 Thie I Is LIU wh n nI I glen hn t to th tiit ft that th the tonna were rt unable I to mill It I Id II not lit ho bf to th the plant hi been with lily no additional cost and aDd It I also 1 tru Iru that with only slightly Increased tf w We w wore prepared to and nd have hav with Uh both bolh plAnt In olot operation approximately 16 5 per pee mi ort ore then was end Under ouch auh conditions Ute U fur for th the WOUld have hilve nad nearly pounds pound 0 ot ouirl ha hav Vf been produced it t a vet err decreased coat ir The Th l aK pound in Ih ludes lucIe all in and nd Indirect ex f iiI II rh y liar too ton of 01 or milled 0 b unfavorabLy sad lid yen very b by tile the or bu Iare at o sod aad aadI I hw tI from the admixture with f ola mined b by te hon of s II percentage of such material from which little recovery oel I Th nt pi fur ur and milling for tile the amounted to U Income unit other I to toJ J To I n oti profit for the Thee Thea 8 aid up un an avee v a vii of rr I th the quarter of 01 I teal than 14 II Int per pel pound wh which b I 18 Ih the St at w which 1 r It sold Id durin the till avel of the IlK nt not rr rI the last two to or of the quarter w was 14 oeM per At the I of th the qua th there waa wa no finIshed cI opper on hand band ilia hating Ina hen n mate during the to 10 Cor 1111 il I fur for 1 up UI to toa 0 a bt the middle or bud d lilli or o from tho ore bodice was durIng U the quartet quarter t a into lIt somewhat In e ef Df that to the thi third quarter lit In the m of an a aver ar avera a ot 01 hUy over 01 cubic yards arda emoth a UI ItEm T or of the total 01 ore mIned aM ad mIlled durIng ur th the U nest oeDt mine from underground and aM 15 7 pr 11 tat from rum operatIons tb the increased from shot cia as to teal quarter la In a oUght 4 In the theof them m of mi placID the lie lul unit u of lh the piau III ma C I hll live Ien D abl to Lur lor short burt periods when we could coulot so urr ur UI th that t the plant hll has n lila In of if 1000 IO limo a tey It that belCh th the for which It was Ii ho hll thio Ihu been determined that 1111 th the two can All handle more moreth th Ions na pr per month a se soon soona as a hot quantity n be 1 hi thorn ohi fn ss hll has limo md made towards Ih the I Ii our of bettor I It secure MI transportation facIl 11 II tIIs h w expect lIlII t tu In be able bl to to If top p t measures for relief from IR ha our neat quart Irl t iy Issue The annual report coverIng Ih the veer 1 aM 1114 will liege as as th the data an n he ud and printed probably fa the end of brua bruaM C M President It n fl Co or of th the financIal nantI condition of 01 tM the on Peb 1 1 NI released y on Mud hand A dividend S boom been b by t till thIs rom of S cents a ah ashare share h payable rb Feb 15 boc to e eb close Peb b ZO 20 The mob balance blane tod today I and aDd the deems em emIt It not t to Increase the dirt PonC at t this time the heavy snow fail and st have mAde ilp and Iron payable e a IlL 1 14 treasury ato stock k t Heck Beck I 41 41 Point rb Oft net hand k 1 toO share harn Jo t Tint It l e cash un on hand stock IndIAn Queeni ash aab on hand 18 Treasure pay payable able 11 I JIll pay payable hI able treasury stock tittO shares fountain on hand 2 treasury W tock stock bates Put OO payable payable St 12 on hand Jl Kin King t treasury 11 Black pay t sin Two JO YI lt 1 lIlIle Ott or itt tile the Th Tb mineral of the UnIted tat lei Is goIng on It at the valuation or of II pet annum estimated at atthe the current t prices for PI urt loaded on car at mine Tn Ten years ago go th the thenet net valuatIon of au 11 the mineral I prod product Utta as put oti 11 cn cars at mines was Ten year 1 tho Unit United 4 pound or of copper The production In 1118 ii cc Um by John n It anton saul aDd other topper copper at t pou pounds The i production of gold for fOt 18 ISOl was s siso For i iet year ear the Ui lowest of gold production I Iby Is Isby by the director of the mInt The note the tw fat 1 that a number of mine never mako public t hell ll gold old anti from a num bor boi of mince return fur the past year Mr h not In by the iii Ilc ton Fin I News Neu from mining It In all part of the th lands Ind or of tilo and from or of mining of whom are In dally daily touch with the gold mining Journal Is Will war rattled ranted In believing that tM the gold pro cl of tM the Oun country Is going on at ata a Ir If kePt up through this year will mk make the productIon worth Ile from domestic sources un I Is going on at t the rate raU ol of 62 52 ounces POI per annum rea eu years ago aau the annual nua output w was ounces The Tb average v value per pr own oune was WIl 52 cents TIle The production of f pig Iron 10 years yar n ago wal tons Present on I to At the volu volume of tons ton per annum ivic I I In William Par JIu mob Ih may In Il a on the Day Da mine ot of Ih the Adl lMh cOl company to the FinancIal Ne NeIn News In to ore ure reserves I Id beg to 1 refer you OU to my mJ report lipo this property In 1907 1901 wherein I that any n made mad upon th the q quantity of ore or eon talt d In of this h lr wit then cro cuto ut drift ct tl III t at beat t an mation t 11 I th h apes ape or I iu bo 0 i amid nd th the bottom of the mInt Ih the tOtal of about aboul ton of ore otI at t about aboul II 11 oi rail 11 b be upon um umI I 1 bej to and 04 In a 1 the he hua r J guiu n at that time as It 1 I Is my opinion after a most maet thoro thorough and nd em that ehn hn the mint on n the dI dif hu has bH been n pi placed In shape ha hato to tract ore wi W can n depend upon Item from he to double tim amount m muse of ore estimated at tIme ad d I bel that It will I gi h S a bighem avera Iu than stated In toy my report I ba bare at attired tired rived at thIs latter from a ilose Ut of tile the manner in ID work wee dosi I a tile the 0 Ott br w i beg to said nl I hat It Is Ie my in i that tile lb Day edo II develop In do depth or below the lh wa It MI es el Into ana on ed at the beet t and nd moot moat mines yet dIscovered for far the ilia 01 otes ly Iy mrry very fJ high tiM uniform val in III t l with good ud silver and aM pm good gold I purt at V lIl at t the ills of th the n 11 Mining Au within a I th h wIll wIllIe I Ie III tM the Met th the of Willi J 1 Iral t Ih the I withIn tile lb rear 1 h 01 It Its argy re 0 I ulI depth sd ad a doable Iet om lit shaft baa au bee Nea sunk all 11 lest ft 4 II I Ito Ih be toot font ivi vI tile the drift n ba time 1 rut nUl In II 24 feet fee and between n 71 alit d iAO f rt vUi US be ty tu ii s II III t I the h elui 1 n high grads nr irp A Al I 1111 Ih I ii greatest I I 1 tog toward toad 1 Ir 10 tho 0 toM foot ierI 1 Ih limo II e shaft haft to III catch b the 1 beI 1110 f fleg tn leg rc that W was spoiled s itt III Ito Ih ou ouI 11 I fly s curiae wl wlM M is R H formerly of itch I Ll I It 1 I WU WaS W IJ J I 1 IWhite White vit Ito president I 1 W I II eurel ra said A R N Irvine I I tP Judd 44 w was md ct I a 1 I 1 u a laId tI II ty 1 I |
