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Show Utah Copper Still Forges Ahead Utah Copper company quarterly quarter-ly report for the quarter ending June 30 shows net income of $3,356,988 after charges but before be-fore depreciation and taxes, equivalent equi-valent to $2.06 a share on the outstanding capital stock of $16,-244,000. $16,-244,000. This compares with net income of $2,241,111, equivalent to $1.37 a share for the preceding quarter and net income of $704,158, equivalent equi-valent to 3 cents a share for the same period in 1922. The company resumed operations opera-tions at the beginning of the quarter in 1922 so that earnings for the same period last year reflect re-flect small scale production. Since then the Magna mill fias been modernized into a flotation plant anl the last quarter earnings reflect re-flect the great increase in production produc-tion that has been made during the past year when operations were being resumed after the one year shut down and the old Magna Mag-na plant brought to the highest efficiency. |