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Show I UTAH COPPER TO ! EARNINGSJNCREASE I Utah Copper income for the fourth quarter of 1922 was $1,-740,249.47, $1,-740,249.47, compared with $1,-695,662.27 $1,-695,662.27 for the previous quarter according to the quart- eriy report just issued. Net pro- duction of copper totaled 31495,- I 654 pounds compared, with 80,- I 767,766 pounds for the previous I quarter. Average monthly pro- J duction for the quarter was 10,- . 1 905,430 pounds compared with I 10,643,052 pounds for the third , quarter - and 7,386,544 pounds I for the second quarter when op- orations were resumed following ,1 a. year's shut down. ' The Arthur plant treated 1.- 522,600 tons of ore and the Mag- J na plant 126,000 tons, a total for both plans 1,648,600 tons or I an increase of 130,400 tons com- pared with the previous quarter. 1 Average grade of ore treated j, at the mills was 1.25 per cent copper and the average recovery I 79.27 compared witiih 1,296 per .) cent and 81.14 per cent respec- tively for the previous quarter. ' Average cost per net pound of I copper produced, including all 1 fixed and general charges, and before miscellaneous income amounted to 1.244 cents per I pound, making net copper cost J after allowances 8.402 cents per I pound. The following tabulation I shows the financial results of the - company's operations for the ' quarter as compared with the I previous quarter: I Miscellaneous in- I 4th Quarter ---. --1922""" Net ""'profit from t copper production I only $1,346,287.12 i Miscellaneous in-f in-f come including t payment for prec- i ious metals , 393,962.36 -i . , Total income for 't the quarter $1,740,249.48 3rd Quarter i 1922 Net profit from I copper production 'f only $1,278,505.44 Miscellaneous in-i in-i . come including t payment for prec-, prec-, ious metals 417,156.83 I - f Total income for the quarter $1,695,662.27 Earnings for the fourth "f .quarter are computed on the basis ba-sis of 13,895 cents per pound for copper. The quarterly distribution distribu-tion of stockholders on Dec. 30, 1922, was at the rate of 50 cents per share and amounted to $812,245. The total stripping removed during the quarter was 416,896 cubic yards, an average of 138,-965 138,-965 per month, as compared with a total of 461,218 cubic yards and a monthly average og 153 739 cubic yards for the preceding quarter. The ore delivery de-livery department transported a total of 1,750,938 tons of ore, having an average of 19,205 ..tons per diem. The Bingham & ' Garfield Railway company, operating op-erating in its own common carried car-ried capacity, transported a total to-tal of 250,293 tons of freight, or an average of 2,720 tons per diem. |