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Show UTAH COPPER NET PROCEEDS HALVED SALT LAKE, March 23. The Utah Copper company yesterday filed its annual report with the state board of equalization in which the net pro ceeds of tho company for the year 1020 were set forth aa $3.0C0,GS0.20. This compares with $6,083. 2oC for the year 1919. while a few years ago the net proceeds of this company were more than $20,000,000 The total valuation of the mining properties of the company In this country ;ire reported by It to the board as $483,732 for real estate. $10,061,978 for machinery, improvements and supplies, sup-plies, and $9,181,711 for ihe -.aluatlon of the mine proper, based on three Lini'-s tho net proceeds, as required b law. This would place the total value of tho mining property of tho company com-pany in Salt Lake county at $20,327,-450. $20,327,-450. A year ago this total reached $28.-496.091. $28.-496.091. The real estate was valued at $462,732, the machinery, improvements improve-ments and supplies at 19,783,691, while three times the net proceeds of the mine amounted to $18,219,768 In transmitting ihe returns of the company. C. M. Brown, Its tax agent, says that tho Magna mill of tho company com-pany has been closed ."-lnce Februar 28. 1919 With regard to tho possibility possibil-ity of reopening that mill, be says: "I do not think that It will be possible pos-sible for conditions to change to such an extent that anything will bo done this year, and we have no assurance s to Just when we can resume opr atlng this plant. "You are no doubt aware that the mino and the Arthur mill are running run-ning at about 50 per cent of their capacity The leeching plant for the past year has been operated to a very limited extent and then only from July until December i. 1920." Tho returns list the improvements, machinery and supplies at the raino ns ! $1,622,939: those at the Arthur plant at $4,665,617. and those at the Magna .plant a I $4,373,422. rm |