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Show FOR 1917 ABE a00fl,00D This Great Surface Mining Property Shows Wonderful Records -in Production and Profits For Year Which Has Just Closed , Many Valuable Improvements Are Made to Mines and Mills Dividends Since 1908 Have Shown a Marked Increase Production For 1918 Will Break AU Records is Prediction Utah Copper made a remarkable record of production, earnings and dividend distribution in the year 1917. Estimating the December production, the record shows a total for the twelve months just ended of 204,000,000 pounds of copper, 535,000 ounces of silver, sil-ver, and 48,000 ounces of gold. This copper production is compared with 197,417,480 pounds In 1916. The exact figure for the first eleven months of 19.17 is 188,543,313 pounds of copper produced. The total dividends distributed dis-tributed to date amounts to the vast sum of $75,770,000. The first dividend was paid on September 30, 1908, or a little more than nine years ago. The I total dividends paid the past year was $23,600,000. This Is compared with $19,495,000 In 1916. The ore milled In 1916 amounted to 10.994,000 tons. For the first eleven months of 1917 it totaled to-taled lil ,424,000 tons, and with iDecem-ber iDecem-ber estimated, it brings the total up to 12,500,000 tons milled. The reports of the company show that through 1916 the Utah Copper heads averaged 1.435 per cent copper, besides the gold and silver content. It Is understood that approximately the same average was maintained through 1917. The ex- . cesa profits and income ax of the big ' Bingham mine are variously estimated by eastern Journals at 16,600,000 to aa high as $13,000,000. Such matters as the allowances for depletion, etc., will ' . enter into the final calculations, which will probably radically alter the amount determined upon. Great Trailing Ponds. The area of the ground owned by . the Utah Copper company which will be used solely for impounding tail-ings, tail-ings, embraces 6400 acres. It is bisected bi-sected in an appropriately easterly and westerly direction by the main line tracks of the (Western Pacific ' and Los Angeles & Salt Lake railroad companies, and In order to make use of it to the best advantage and In the ' most economical manner. It has been-necessary been-necessary to -move these tracks to the-north the-north a distance varying between about one mile and one and one-half miles. These track changes will extend ex-tend from a point 7.75 miles east of Garfield station to a point one and ; one-quarter miles west of that sta-tion, sta-tion, making the total length of the change about nine miles. The Bingham Bing-ham & Garfield railroad at a point about three-quarters of a. mile east of Garfield station, will also have to construct con-struct additional trackage to make a ; connection with the new location of ' . the latter road. These track changea will be completed; by . the end of the -.year liXl' ;..rf. ,.:-:. 0: " - -.-- I ,eve will be constructed around i thls entire area so that the tailings j from the concentrating plants can be - ' Impounded and dewatered. The levee ! around the tailing pond will at first I be built to a comparatively low height land afterwards, it will be raised from ' i time to time, as operations may require. re-quire. The ultimate capacity of the nnL"nw pond 18 Mtlmated at 600,000,-000 600,000,-000 tons, although It can easily be Increased In-creased to a greater quantity than , that if It should be found necessary -to do so by simply building the levee higher. Tbo area has a length east and west of about four and one-half miles, and the natural drainage of the country will have to he M VPTtw4 an1 taken care of through a drainage ditch " which will be constructed along the -I entire northerly side of the pond .This ditch will be large enough to car-' ry not only the drainage water in (times of heavy rainfall, but also any-surplus any-surplus water from the tailings pond, and it will hav a total length of approximately ap-proximately six miles. This levee will b9 completed by about February. ' . Utah Copper is today mining ore at the rate of about 1,000,000 tons a month or 12,000,000 tons a year The twelfth annual report for the year ended end-ed (December 31, 1916, showed total nJVcoSoerrVeK,'-0rl,nainin ,n tne Property or t)3,8t,),5o8 tons, averaging 1.41 per cent copper. In the year 1916 there were developed 23,530,258 tons in ex-of ex-of the quantity mined during that Period. It Is expected that the ore reserves will be increased from time to time, whenever development work : can be done without interfering with other operations. Dividends Paid. ."L , ,ah fowpT company paid its was distributed. The dividends by years are as follows: nivldends paid 1917 ...... fu?o Dividends paid 1916 . . ... poo Dividends paid 1914 '"' 300 Dividends paid 1913 3 00 Dividends paid 1912 " 300 Dividends paid 1911 ... "?" jqa, Dividends paid 1910 300 Dividends paid 1909 " 2 00 Dividends paid 1908 .', j.oo . Total dividends $48 75 This amounts to $48.75 paid on each share of stock. It brings the total contributions con-tributions of the Bingham company nnn n mfflflcent sum of $75,616 - ' 'h?rue value of atupenduouK-neB8 atupenduouK-neB8 of this sum is inconceivable to the ordinary mind. It is more than ten times what the United (States paid for the now Invaluable territory of Alaska. All of this money has een attributed in ten years to hundreds hun-dreds of stockholders of the company W hare scattered throughout the T 16 ;oni1" regularly of clean cash dividends every three months to nvestors, many of whom purchased he stock when It was very low, givlK them splendid investment returns i considered one of the best advertke-ments advertke-ments for Utah and Its great resourcefulness resource-fulness that could possibly he nut forth These dividends have never fulled since (he company established them on a permanent basis the second year. True, they have varied, but since HMO, when the company estub-lshed estub-lshed a 7;-cent Quarterly dividend they have never been reduced ' Tact, the dividends ;;uve been increased increas-ed steadily until the year lUl'i, ,vhea they leaned up to a miarfer ;ul(j in the i;1,t year $:j.r,o a nmrU-r attained. |