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Show i . UTAH COPPER WILL i RAISE DIVIDENDS -The Utah Copper Co. has j : posted a dividend of $1.00 per 1 share payable March the 31st, -., declaration of the $1.00 divi- I -tlend doubles the rate which has I vbeen paid quarterly since the f shut-down in 1921, when the disbursment to stockholders was J cut of 50 cents per share. Dur- I ing the war the Utah Copper i Co. paid $1.50 per share. Increase of dividend rate by 3 the company reflects the im-'I im-'I provement that has been made irt the copper industry during recent months. April of last A year the company started work- 4 ing its Arthur mill. During the summer work of remodeling the 1 Magna mill into a flotation plant ' 1 .similar to the Arthur mill was , started and each unit as com- pleted has been put into opera- tion, the last report was that I five of twelve planned units were working. , i An annual report of the com- j pany for 1922 has not yet been I issued. The report for the third I quarter of last year showed $ Utah Copper net cost after al- j lowing for gold and silver, in- r eluding all fixed and general i charges but not including fed- i eral taxes at about 8.50 cents a i pounds. During the past week I the copper market ha3 showed ? a marked advance, the present I price being 17 cents a pound. I Increase of the dividend of I the Utah Copper company for the current quarter' from 50 cents to $1 a share advances the . quarterly disbursements from .$812,245 to $1,624,490 and the $ .grand total of disbursements to $120,437,357.60. Fifty cents a V - .sKaf e has' been the dividend rate I since the second quarter of 1921 when it was reduced from $1. i |
