Show I UTAH COPPER TO PAY DIVIDEND IN JULY j Boston Doston April 4 7 The rhe The recent sharp advance nd In the price of oC the stock steel orthe of or the laah Copper company company company-an an advance ance which has carried Its price up lp to a level close to its high record figure 11 uro touched touched-n n a year n ago has ago has o-has has come about chiefly J h by rc reason of oC the fact that the thc initial dividend divi company will declare its ts dead in Ju July This statement Is made upon the authority of President Mac Mac- ac- ac eili who also says that the company i 18 IS now producing at the rate ralf of otto OtiO pounds of oC copper per annum With enlargement of its smelting smelt smelt- the steady stead 10 log ing plant the plant the ninth unit o of the same I commission commission- Into Inlo has recently gone bone of the company compan tho till producing costs o have ha been brought do don doin n to an nn average c price close to 7 cents a pO lor l'or or nearly near near- less than last year ear ly U 1 I cent a pound poun Is handling Time Tho company compan nL nt present tons of oro ore dally 3 pro mills in iii operation It will und with both hoth treat trent tons and anil able ablo to soon bl bo ho Its annual product will Ill be Increased to to about pounds of copper per On the present price of copper cop coJi tho company I 1 13 cents a t thO pound 13 per per the p. p easily earning fully rull 2 a n sharo share and willbe will vill willbo Initial dividend dh promised in Jul July be bo at nt least 50 O 0 cents n share and In pos pos- in sibly more The officials oU are arc IU r. r say on u g with reference to Lo Lothe little at present ver very the possibility of the reported pending tho the Guggenheim interests inter inter- which mer merger er the hut it Is none nono shaping up ests etS are anticipated that developments de do- i less ss this direction will In in the near future |