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Show ELY PROPERTY ! PAYS 1LLI1S J The Nevada Consolidated Copper company In a report just Issued covering cov-ering operations for thirteen months ending November 1. lSfll, show net earnings of $2,298,758. Dividends received re-ceived during this period amounted to $1,3.17,899 and dividends accrued but not received, totaled $5S,533. The company has paid Its fourth quarterly dividend during the year amounting to $717,940, which brings its total dividends since It reached the profit disbursement period to $R,279,931. The current year's dividends divi-dends of the Nevada Consolidated f amount to almost one-half as much as the combined dividends of all tho copper companies in Michigan. Were It not for the fact that the Nevada Consolidated was short of water for the entire year, the dividends would have been much higher, and the com- pany would have disbursed at least 1 an additional half million dollars. 1 With the starting of the big Nord- I bery pump at McGIll, the Stoptoo J Smelting company will be in a post- i tion to operate the eighth section of j tho concentrator without encountering encounter-ing obstacles. The water problem will no longer cause tho oflcials any concern, con-cern, as the new pumping plant Is ready for operation. Ely News. |