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Show t t UTAH COPPER :: o The forthcoming quarterly report of the Utah Copper Co. covering operations of the last three - months of 1916 is expected to be the most spectacular spectacu-lar in the company's history. During. that quarter the company produced 50,723,245 pounds of copper, on which, it is figured that its earnings were somewhat some-what in excess of $10,000,000, which together with the dividends of the Nevada Consolidated Co. would bring the total earnings of the quarter to $11,600,-000, $11,600,-000, which after the deduction of the dividends paid, would leave a surplus as the result of the quarter's operations of $6,000,000. It is indicated therefore, that Utah Copper will close the year with a surplus of something like $31,000,000, of $7,000,000 more than would be necessary to take care of a $14 divi- dend for 1917. It is figured that during the current year Utah should produce between 225,000,000 and 250,000,000 pounds of copper, on which it is expected an average profit of 20 cents a pound will be shown, so that the 1917 profits of Utah are indicated at $50,000,000, as against dividend requirements at the rate of $14 a share annually, or substantially less than half this sum. If the $14 dividend rate is maintained, therefore, there-fore, Utah will probably add $25,000,000 more to its already large surplus during the current year. In some quarters it is anticipated that Utah will raise its quarterly disbursement to $4 a share, putting the ; stock on a $16 annual basis. . .,, |
