Show I I I t Mining Matters Sales Shipments NEW PARK REPORT COMPARES CO 1918 1949 The Tho complete annual report of the New Park Mining Co for 1949 released Tuesday subsequent to the recent SEC S E C financial statement st shows the fol following following fol- fol following lowing deductions from gross Income of For goods and services bought from others pay roll all forms of ot Insurance depreciation and all taxes leaving leaving a profit of at Analyzing the ratio of base metal copper lead l ad zinc produced per ounce u e- e of gold shipped the report shows that Ibs lbs of ot base metals were shipped per ounce of ot gold In 1949 compared with Ibs lbs per ounce of or gold In 1948 For gold and silver combined the figures were 42 and 37 respectively In 1949 the assay value of gold Increased silver and copper remained the same but lead and zinc decreased says Wednesdays Wednesday's Tribune Comparison of New Parks Park's significant figures for 1948 and 1949 Is as follows 1948 1949 Value gold net gold net Value sliver silver net net Value copper copper net net Value lead net lead net Value zinc zinc net net Total value metals metals- net Gross Income Expenses Taxes Net income Dividends Total dividends to December 31 Current assets Current liabilities I I NEW NEll EW ORE OnE BODIES IN PARK UTAH To To Robert W. W Bernick of The Salt I Lake Telegram Paul H. H Hunt gave the following I Park Utah Consolidated Mines Co Is seeking to uncover another deposit j I of at bedded ore which may extend from fromi i the 1500 to the 1800 foot levels In the I firms firm's Ontario mine milne at Park City I Location is In the northeast segment t of the mine between the No 9 fault and the McHenry Hawkeye fissures Paul H H. Hunt vice president and gen gen- general general general eral manager emphasized Wednesday that the bedded ore Itself had not been uncovered But stringers and finger deposits depo of at lead zinc ore on both the 1500 level and Just below the foot 1700 level give gi Indication that such a bed may exist between those levels and even deeper Drifting crosscutting and further further- blocking during the next few months should confirm or deny the strong In Indications in- in indications indications encountered In past weeks he heI said If It confirmed Mr Hunt said an Inside shaft would be driven from the level levelt of the drain tunnel to the foot 1800 level In preparation for f r exploitation of the deposit upon resumption of full mining operations at the property The company since last l st July has been b en engaged only in exploration and de development de- de development development work on account of low metal prices and high costs of ot mining i SHIPMENTS TS I New v Park tons 1512 Park Utah tons I I Total tons 2227 f i iSTOCK i STOCK SALES I I II j I THURSDAY I East Utah at IDe at 9 c. c I I New Park at 65 at Silver King Western at at atI I i New York Exchange I 1 New Park 1000 at I Park Utah at I I Silver King at I Ii i I FRIDAY i iI I New Park at 1000 at YI I I Park City Consolidated at 26 c at New York Exchange I I Continued on Page Four I Mining Matters J I I Continued from Page One New Park 1700 at Park Utah at Silver King Coalition at MONDAY East Utah 1000 at lOc 1100 at at 9 9 e at c 81 8 c 2500 at Be BC Park City Consolidated 1100 at New York Exchange Park Utah 1000 at Silver King at I TUESDAY Bristol Silver 1000 at at Cardiff Card 1300 at 1100 at Colorado 2000 at lc 1 c Combined Metals at 18 1500 at 18 18 Consolidated Eureka 1000 at Dragon at Eastern Standard 2000 at lc 1 e Empire Mines 1000 at 6 c. c Eureka Bullion at 1000 at Eureka Lilly at 8 8 0 e 74 at 7 c at Horn Silver 2000 at 14 1444 0 C. Howell 2000 at lOc bOc at lOc Little May at lc le Moscow at Mountain States Development 1500 at Sc New Park 1000 at North Lily LUy at Park Bingham 1000 at 7 7 c. c I Park Konold 1000 at I Bristol 1000 at 3 c. c Rico Argentine at J at I Royston at c 5 5 c at 5 c 5 c I at at 5 Tintie Tintic Lead at 17 c. c i Tintic Standard at West Toledo at So 50 Curb Sales Cardiff at Columbus Rexall at 29 c. c Combined Metals 1500 at 1 Empire Mines 1000 at I I Eureka Lilly 2000 at 8 1000 at 81 C 1000 at n f North Lily LUy at i I. I a. a Plumbic at Tintic Central at 2 c. c Union Chief 1000 at lc WEDNESDAY East Utah at 8 c. c New Park at 1 22 New Quincy 2000 at lOc bOc Park Utah 75 at 2 12 Silver Sliver King Western 50 at New York Exchange New Park at 1 25 i Park Utah 2400 at 2 50 Silver Sliver King 1500 at 3 87 |