Show UT UTAH AU COPPER STOCK I MAKES NOTABLE RISE I Nearly Added in inDay t One Day to Property's Market Value LOOKS LIKE COPPER BOOM Low-Cost Low Producers Likely to to All AI Profit by New Movement Movement When nearly is In a single ta day added udde to the market value o of a mining property it Is fair to as assume assume as- as sume that something is doing in that property That Is what was done to Utah Copper Copper Copper Cop Cop- per yesterday when on the New York stock exchange the time price of or Its Is s sr shares r s jumped from flom 45 46 the high of th the da day before to S 1150 HI 60 elo closing ll strong ut at that figure The Tho Immediate cause causa of or tho sudden advance Is not known leon hero General Manager said raid that It might be Ime due to somo some extent to an enlarged foreign demand for the stock The ho cc some time ago applied to list Its It stock on the tho Paris bourse and he thought that hail lust been a accomplished c hed and that that time tho the the-ISue Issue appealed to the Frenchmen as a good bu buy bul Aside from this is the tho stron strong movement move move- ment In copper metal which makes it almost a certainty that the price Is togo to togo togo go soon as high as 15 Ie cents a pound This his has hes natural naturally r strengthened tho the stocks of or all al o of tho lie largo large companies that are aro enabled to produce copper coppel chea cheaply IJ ply Advance Means Much An n advance of two cents a pound in tim the price o of copper means a u great deal dealto cal t to a company like lie Utah I Copper Producing say sy poun pounds s of copper a month It I adds more than a u year to the comp company's ns net lCt earnings or would enable ona on- on a able ablo lo tho time company to Increase Us its Is present pres pres- ent out dividend rate rte of 2 2 a a year by at least 75 i per umer cent cent And without considering the expected ex ox- peeled advance unco in tho price of ot tho the metal Utah Copper is doln doing things which Justify a higher price prie for its 15 stock The tonnage of ore handled at Its big mill mi at t Garfield Garfeld is being steadily stead stead- thy ily ly increased and the lie costs COts of both milling and mining are being reduced to some seine extent In other words al although 01 ni- ni though It I already has made au an enviable en en- viable record in tho the matter mater of producIng producIng producing I ing copper at low co cost t. t It I Is la surely and and steadily reducing the cost cost It Is atthe at atthe atthe the head toda today in the list Ut of or great low cost t producers As the difference between the tho cost and the price of or copper widens Utah Coppers Copper's already large largo treasury surplus Increases and nd the amount available for dividends will wJ soon amount to figures hardly dreamed of when Iten lon production first fht b begun gun There are those who believe that the price of or the stock will wl wo 0 o above the 00 mark within the time next year ear It would not be be bean an unheard of or accomplish accomplish- mont ment Other QUIe Mines to Feel el It It And Utah Copper will 1 not be ba tho the only one to profit by br the new movement move move- mo e ment Resumption of railroad buildIng building build build- ing InS and improving Improving even oven should It I cover er only the improvements absolutely absolutely needed at this time time means means means a demand for copper which will wi far overreach the present supply Th Thi benefits will wl reach first most of ot the producing copper mines of ot Utah and Nevada for the mines of oC these states are arc low-cost low producers producers Boston Consolidated Con Con- Yampa Yampa Utah Consolidated of Bingham and Newhouse Majestic Moscow and others of ot Beaver count county ore are in lino lio to receive early arly benefits and It Jt Is not out of or tho the way to anticipate an art- something akin to another copper coppet boom |