Show Mines Report Gains I And Losses For 1949 I NEW SEW PARK NET ET INCOME IE New Park Mining Co Wednesday re- re re-I re reported j ported net Income of ot for tor tho the J I year 1949 despite a shutdown of ot several months during last summer Tho earnings compared with I for 1948 record year for metal prices in the mining Industry prices I Net for last year was without provi provi- provision provision sion slon for depletion Gross revenues forthe for tho the first quarter of 1950 equaled I l lO 1 O Ole sales net smelter returns totaled operating expenses 1312 1312 1 with Income from mining Some was expended by the T i firm for oil oU operations at Sulphur Creek Wyo i i Current assets totaled on Dec 31 1949 current liabilities The firm paid In taxes last year PARK CITY CONSOLIDATED i NOTES TOTES LOSS 1088 I Park City Consolidated Mines Co re recorded re- re recorded recorded corded a net loss of during the year 1949 the firm reported Wednesday i ito i ito to to the thelt Salt lt Lake Stock Exchange I This compares c with a a. loss of I reported and transferred to to surplus In InI I 1948 i Ore sales from the firm operating operatIng properties In Utah Colorado and Mis Us Missouri Missouri totaled Cost of mining was listed at I i 1 REPORTS NET INCOME INCO IE j I Silver SlIver King King Western Mining and Mill Mill- Milling Milling ing Co Wednesday reported net Income I Ifor I for 1949 including luding federal taxes of of I 1 Gross Income income of bf of was garnered during the year of which went to lessees Wheeler eler and GorlinskI Inc at the Pare City property J I ILease I I Lease to that firm was extended during dur- dur durIng durIng Ing the year from Jan 1 1950 to Dec 31 1951 LOSS 1088 REACHES 92 I Keystone Mining Co Wednesday noted a net loss of during 1949 with t I Income of and expenses of I I ASSETS TOTAL 1 New QuIncy Mining Co Wednesday reported current assets ets of or current I liabilities 1500 receipts of and disbursements of during 1949 I Of disbursements went for mine equipment and for exploration and development I I I SHIPMENTS I i I New Park tons 1350 Park Utah tons Total tons 2065 i I ISTOCK i STOCK SALES j i THURSDAY i East Utah at at 8 c c. c I I New York Exchange I New Park at I i Park Utah at Silver SUver King Coalition at I I FRIDAY N New Y Quincy S o a t l C- C Continued 1 Continued on Page Four I |