Show I Mine Company I Report The year 1919 19 was characterized character character- as little short of disastrous to the interests of stockholders and alike alke of the Silver Siver King Coalition Coalton Mines Co in the firms firm's annual report released Tuesday A total book loss of was incurred during last year of J I which represented expenses cx- cx as a result of 01 shutdown of I II the Park City properties June 30 The train of ot events marking markin progress of the year covered by this report can only be he characterized characterized charac charac- as little short of disastrous to the interests of stockholders and alike alke said Thomas Thoma F. F Kearns president of the mining company He said that the wage structure and material costs costs' had geared to t historically high metal prices with production per man employed at atan atan atan an time all al low I A serious decline in metal prices occurred during during- the year He said that there was a possibility possibility of resumption of operations through mutual understanding confidence and full ful cooperation of operators and James Ivers vice president and general manager said efforts effort are being made to arrive at a wage formula mutually acceptable to t the company and under which work can be resumed Mearle G. G Heitzman manager of operations reported that deep deepwell well weB pumps pumping from the 2000 to the 1900 foot level had been shut down along with submersible submersible submersible sub sub- pumps on the foot 1900 level level The water waler has been al allowed allowed allowed al- al lowed to rise about 40 feet below the foot 1700 level where it has ha been held by running running one submersible submersible sub sub- pump he said Annual meeting is March 20 at 2 pm p.m. at offices in the Kearns Kears |