Show Droubay Report 11 Shows Added 1 I Operation Loss j United Park City Mines Co o operating el lead zinc proper ties at Park City district Wed Wednesday I r. r day reported net loss losi atte after de depreciation depredation I predation but before depletion o of for the first nine months of 1959 I The mining firm had a net Joss jose Josson j on ol a like basis of ot for the first nine nille months of 1958 The net neti loss i of the mining firm for tor the f r t nine months of 1957 1967 was S. S K Droubay vice president and general manager reported n nei nu working capital on Sept 30 was This compares with net w workIng work work- rk- rk Ing capital of ot for tor the like date a y year r ago ago On Sept 30 1957 net working capital was World supply over-supply of lead and zinc continues to depress priced for the these e metals Mr Droubay reported Wednesday Import quotas Impo imposed ed one year ago tend to be Ineffective In stimulating domestic prices to a point where western domestic domesticI producers can conduct balanced I operations at ata a profit I Meanwhile the Congress of th the United States ha has hal directed d the Ue Tariff Commission to make maketu tu ili up-to up date up-to-date date study of the tho condi condl condition tion of the domestic zinc lead mining industry and Issue a re rort fort on or before March 31 1960 The report is to d determine whether or not the quota plan needs strengthening The mine lot at t Park City Is being operated on a curtailed basis basi so far as beg range development work is fa concerned However ore ore reserves are being kept In balance he said i |