| Show S FUEL MINED MILLION AND HALF TONS COAL IN 1920 preheat Pre silent C 0 itice of the ual state tates smelling smelting Sm elting refilling anil bining company la ili the tile report for or abar tb company which owns ous the united I 1 uel u and atall elway properties iea ay in parta continued high operating coats costs tha verg heavy shrinkage ia JIM price of metal metals during I 1 ing I 1 the latter pmt of the ear near and xe the resulting curtailment of custom ore production result edl 1 in a operations at the metal mines mel tere and rel refinery linear IB Is this country the coal output ei ol the states fuel company for the year 10 1939 V waa was nearly per cent higher litan that of 1919 amounting to toul tau the largett iu la the history of the can pany ri miltine in a substantial in a crease lit L or those aeo oeo of ahr th previous oue y an arf till this increase in fit coal output wea WR alio also reflected la in the ean tings of to the utah railway for the under re ro view Ito however wever due to the general business butin cBS depression depres aion and an unusually mild winter throughout the territory arved served by the coal properties the do d mand for coal during daring the last mantlo of the year and subsequent thereto by bp been largely curtailed the tile liver silver ani gold old of if the Com pania panta do tie kcal real del monte y Pac huels waa was the tits largest in its history liti tory the milte having treated on an average 82 M ton tons per mouth month as compared con corL pared with tonn tons in 1910 the average grade of ore milled rallied the same the phylas phy lal pItal condition of theae these propertied properties ie is better than eve and the th developments of alie new properties pro pertie in clu ciulli cl ulli ling the arevalo at 11 I 1 this year are f ta usable I 1 from the properties in lit the tady of tb the year were large but profit profits for the subsequent months gyore much rodt teel due to tho the feero drop in the price prices ot at ellar alft elft or atho the profit profits of 2909 lit after reserving 13 for depreciation and antl depletion depiction and 2003 for tie the reduction of inventories ta to markit prices although mail small arc are considered satisfactory in view liew of the conditions existing in the metal market during the latter part of at the year the total number of preferred stockholders of the company wu end and of common lire at last record date |
