| OCR Text |
Show UTAH COPPER NINE COSTS ARE SHOWN Earnings, Dividends, Ore Reserves and Other Assets Set Out In Statement State-ment by Original Underwriters of jCompanies. A financial analysts and review of operations of the Jackling porphyry popper companies is made in a special market letter just issued by Hayden Stone and company, Boston and New York bankers, who handled the financing fi-nancing of the companies. The review re-view says in part: "An extraordinary opportunity is presented to the farseeing investor in copper shares by making purchases at present market prices of the four porphyry por-phyry copper companies. They can now be bought at prices lower than paid by investors when the properties were still in the development stage; when ore reserves were insignificant; when it still had to be determined whether the plants would measure up to expectations of mining and engineering engi-neering experts; when the funds- ob- tamed through issue of securities pro--vided only for erection of plants and a normal working capital. "Operating profits for the decade from' 1910 to 1920 have demonstrated the success of these companies. In , each case dividends have been paid amounting to much more than Ke present selling prices of these shares. "To the end of 1919 Utah Copper has paid $101,762,722 in dividends, or $64.75 per share. At $50, the approxi- ; mate market price, the company is seilin for,.$81,22J,500, of which $27,-.303,555 $27,-.303,555 "Is repesenl''lbf '-TBotv qui assets ;wKh ' 368,50L30 tons of orb still in reserve. In addition, Utah owns slightly over one-half of Nevada Consolidated. Therefore, the ore in the ground, the 'Magna and Arthur mills, with capacity of 35,000 tons of ore per day, the Bingham & Garfield Railway company, mining equipment, a half ownership in Nevada Consolidated, Consoli-dated, are selling for approximately $54,000,000." |
