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Show I MINING DIVIDENDS ' j EXCEED $4,300,000 I ' . t (From The Mining Reviaw). Annciuncement came ft-oju New York i on the 5th instant . that directors of the Utah Copper Company had just declared the third xjuarterly dividend f of the year. The rate waa advanced 1 from usual $1.50 a ehare to $2, thus placing the company on an f 8 per on- !f rum basis instead f J6, which was f the prevailing rate for some time. h I Books closed on the pending dividend : and payment will follow on the 29th. On this new basis the Utah Copper j Co. will disbiirse $3,248,980 pet Quar'- ter, or $12,995,920 per' annum and, &i I nearly all the shares In Utah Cop- j per are owned by the Kennecott Cop- per Co., the latter will be practically ' the sole beneficiary. , With the pending disbursement ln- eluded Utah Copper will have regis- - tered total dividend payments aggre gating $165,135,832.90, since the be-. be-. ginning of distributions In March 1911, when the company went on a ' $3 share per annum basis and so con tinued until 1915, when the basis was advanced to 4.25. Since that time the rate per share has ranged between be-tween $2 In 1922 and $14.50 in 1917 wartime period, under inflated metal price conditions. In 1926, market con- dition8 began to improve and the jate was advanced from $5 to $6, where it has held until now. In the mean time the record low price of Utah ' Copper stock of $13 in 1907, has - climbed as high as $130 a share, made ' In 1916 and while no longer for-. mally quoted, owing to practical ab sorption of the c)npany by Kenne-v Kenne-v cott, the few outstanding shares k would readily command more than II j $100 a share now. - When it is considered that this won- ( derful record has been made by the mining and treatment (ft ore, the cop- 1 r" per content of which has averaged around 1, and in the face of ; steadily advancing prices of labor, equipment . and betterments, it is '; -seen what can be done when men of 't outstanding ability .and the purpose ; to "do,'1 c,;fnmand the backing to car- ' ry on from men not afraid. And Utah ' Copper, It may be added, is only just starting on ita epoch-making career. , , |