Show V NE NE ORE BODY GIVES DIVES UTAH GO CON STRENGTH I 1 V Will Vill i Maintain Position as Cheapest Producer Says Walker II I I Utah Consolidated stock stoel Is 19 placed d In Inn InI I n a very much stron stronger cr position polton b by the development do- do of oC another largo and very I rich ore bod body In the west end end of of the tho mine says sn's George L. L Walker In lu his Weekly Copper Letter The nr now new w ore body carries 5 I 2 1 to 6 G 1 2 1 p per r cent copper and about 22 a a ton In Ingold ingold gold Kol and ane silver This Is considerable better beter than th the tint flat tnt ore oro body opened le less 8 than two years ago on th the tho 4 2 1 level level It I contained 4 1 per cent to 4 1 2 1 percent per percent percent cent copper and about 4 a a ton on In gold oJ nail silver e 1 It I was small In extent x rent and anel the greater renter portion of the ore It contained con coil tamed went to th the company's smelter meHer during the last of last year e r and the first three thre months of or this Production from that source so raised the ito average yield of ot tho the company's or ore however howo as os asto osto asto to enable It to mno Its copper at an nn average cost of or 36 36 cents per pound after crediting the gold and silver siver n against oper operating ll costs I There has hns been a disposition in copper coppel share Investment circles to assume that Utah Consolidated had found Its its' Is last remaining body boly of oC I very high grade or era oro- and worked It out continues Mr Walker alker My M Iy acquaintance with the te mine has caused mo to have every confidence confidence con con- that not only one but several other bodies of or vcr very hl high h grade oro ore might b be bA found round above tho the working tunnel tunnel tun tun- no nel Ic lc and I also believe that similar 1 ore bodice will bo he found continuing on down to very vry ry great grent depth To V Its It I. I Position I lr I expect Utah Ulah Consolidated to maintain main main- tam tain Its Is posH position Ion ns na the thc cost producer o of copper In tile the world for a great many years to como come After it i has hM ni- ni i rt H lt Is Its now sm nn anti l In In- In cret creased el Its Is dal dally daily output t from r To to I 0 tons of oC ore 1 I expect to see the stock sell In boom tims' tims s as af high as IS 10 3 11 and ad to a r receive dividends which will t make It welt well worth that price It uI 11 Is Is' Is quite certain that Utah Consolidated Con- Con will wi he be permitted to continue operations nt at Its present plant all ni of next year f In this event It I should produce produce produce pro pro- duce L rO to CO pounds of copper at nt a cost of or about 6 cents per pound and should earn 95 or oi 01 mor more per PT share hare on a 13 1 2 1 cent copper market The company's 8 capital stork stock f Is Is' selling for or JO and It Is carrying a treasury n and quick assets nUAt surplus o of approximately It I Is 11 prepared to to build buida a new smelting plant of tons dal dally dail capacity and nd to follow this by removIng mo l Ing ng Its present plant to the new site sHe luis giving It a total capacity to r reduce uce tons of ore oro dol dully dally a considerable portion porton of which will wi be used for th the treatment nt of or custom ores It I can cn pa pay for or this thus plant without calling upon tipoti Its stockholders stockholders' for or a dollar dolar of ot new mon money mon y yr or r Impairing Its Us working cash ash surplus I continue to boll bell believe vo that l Utan Con Con- on- on is on one of oC t the h mo most t a attractive e copper n Investments nn on the merlet mpr- mpr let ket |