Show Silver King Coalition Hold Annual Meeting In accordance with its prescribed custom the annual meeting of stockholders stockhOlders stockholders stock stock- holders of the Silver King Coalition Mines company was held Monday afternoon af at at the Salt Balt L Lake ke office o othe ot the corporation with more than 71 75 per cent of ot the outstanding stock represented All of ot the former dl dl dl- rectors of ot the company were reelected reelect reeled ed without opposition opposition- this board boars thereafter holding a meeting and reelecting ro ro- electing the former officers says say Tuesdays Tuesday's Salt Lake Tribune The directors are are Moylan C C. C F Fox x Henry Newell William G 0 G. G Halloran James Ivers Ivors Jr Thomas F F. Kearns Kearne David Keith W. W Mont Ferry F. F J J. J Westcott M. M J J. J Dalley Dailey all o ot of Salt Lake Officers Chosen The officers of the company ad as named by the board follow David Keith president Thomas F F. F Kearns Kearns- vice president W. W Mont Mon Ferry vice president and hand managing director F. F j Westcott secretary and treasurer M. M J J J- Dalley Dailey mine mint manager all of Salt Lake and Mearle G G. Heitzman superintendents of Park City I II I The report of President Davida David a Keith says Bays I IJ J I The past year has baa been a very successful one for the mine not aol alone from the profits which have hare been earned but bit from the development development develop develop- develop j ment work which has bas been carried out At the present time ore reserves re re- reserves reo I serves are such that continued production pro production can be expected for sometime some sometime sometime time to to tp come I The new mill has exceeded ex ex- Production costs have been cut materially In mining milling milling mill mill- ing and many other ways waya which the following report will show in detail I I If lead prices maintain their present level I do not believe that thata a great deal of anxiety need be felt about the termination of the Pittman Pitt- Pitt Pitt-j Pitt man act I ITo I 1 To a considerable extent successful successful successful success success- ful operations have been bythe by bythe bythe the loyalty and cooperation of the operating officers and employees employee and acknowledgment to them la is made k for I or the current curr year is 1 t t and I assure you that U will use every eNry effort t the year a successful s and provable le one onEl J. J re 1 i ws Silver Biker Drop The report of Managing Director Ferry In review of the silver market situation says in lu part I The The market for Am American produced pro pro- educed silver governed by the Pittman Pittman Pitt- Pitt man act was 1 per par ounce while i the average a price of lead for 1922 was per pound After the fulfillment of the conditions conditions conditions con con- of the Pittman act silver willbe will willbe willbe be sold on the world market nt at prices governed by world condition conditions The lead market Is fairly strong More of the metal Is being used m to the country than n Is being produced here hence there is no surplus Producers Pro Pru- and sellers selle unite in the opinIon opinion opinion ion that a a good price may be expected expected ex ex- ex 1 for the he he metal for a considerable ble time e eThe The report of the mine manag manager r. r made for the year ending December i 31 1922 showed a total of tons of ot ore produced with a 1 total shipment Including concentrates concentrates concentrates concen concen- of ot tons This total product sold for tor Representative evidence of tho the J value content Is s found in that part of the report that shows the crude 1 first class ore ran 2856 2866 per cent lead tead ounces silver ounce 1 I 1 gold old and 85 per cent t copper ropper while 1 lead concentrates cOl Q 6 16 percent Per Percent f cent rent lead 2154 0 ounce silver O 3 ounce gold and 27 I cent copper in Iu the four month v IUCA th the first t of the year the mine has bas produced 1 10 04 83 tons of crude first class ore and tilled milled tons of second class clais ore from which were made mad tons tone of concentrates It was explained the quality an and 1 value of the ore since tho the beginning of the new year vear was virtually like that of ff the product from which the figures quoted above were taken Total dividends paid to stockholders stock stork holders of the Silver King Coalition Mines company up to January 2 1923 were Since Sinco that time lime there has been added another dividend paid April 1 I of ot making a grand total of ot distributed to date by this great Park City property All AH of OM Old Hoard lie elected At the annual n meeting of the Park City Mining and Smelting com company pany held last Monday nil all of or the directors and a officers n of the com corn company company pany who have served during the past year rear were reelected as follows Directors Adolph G 0 G. G 1 1 K Hanks flanks New York City N N. y V. Harry M M. Dos Boston ton Mass Otto 1 Ludeking Cincinnati Ohio Moylan C Fox Salt Lake 0 O. O N Friendly Park City Edward Rosenbaum Salt Balt Lake 0 0 O. W. W Lambourne Salt Lake 4 r officers elected are G W. W 4 Jl bourne pr president Moylan C C. C Fn FI vice president 0 O. O N K Friendly it Ir ir iager lager luer D D. D C. C Murphy secretary t treasurer W. W A A. Dunn assistant secretary sec see re arY George S S. S Krueger superintendent super luper of mines The designated designate transfer agents are the National City bank ot of New NewYork NewYork NewYork York New New City the American Trust company Boston Doston Mass the Park City Mining and Smelting company Salt Lake Registrars are re rethe the Central Union Trust company of ot New York the First National Bank Dank Dankof of Boston Doston and the Deseret National bank of ot Salt Lake I. I |