Show Most Encouraging ging I I I N News evs For M- M Mining I I i 1 I Press dispatches this Ibis s week gave the I i I cheering news that President Eisenhower j acted to relieve distressed conditions inthe in in inthe I the domestic mining Industry I The action was in the form of Instructions f to the Office of Defense Mobilization I I tion to establish immediately new long term mineral stockpile objectives It I was hailed by Western senators and conI congressmen congressmen con con- gressmen as an important first step in I helping the mining industry The Tribune Tuesday gave more cheering cheering cheer cheer- ing news when it stated Prices of both lead and zinc inc went up upI I Monday Monday largely largely in response to the administrations administration's ad ad- adI I ministrations ministration's proposal to stockpile these J and other metals over a range long-range period rI Zino Jumped up twice twIce- twice quarter quarter one j cent each time time to to 10 cents E East Easi si St. St I Louis Ill lil base 1 Lead was increased by quarter one-quarter I cent to 13 cents New York base The London metal market was firm also re reflecting reflecting re- re the action of Washington Business conditions are leveling off of re-j re after a prolonged decline says the National National National Na Na- Association of Purchasing Agents I f As quoted by Jones Dow-Jones Service a aj al i large majority of agents expect their second quarter activities to be higher j than the initial three months of this I I year They also see business as good through the third quarter of this year I I. I Not satisfied With Program I In commenting on the stockpiling program W. W H. H H. H Cranmer president of the New Park Mining Co stated I dont don't believe the President has the welfare of the people In the West at heart Mr Cranmer said such a purchasing program will be general and will wUl provIde provide provide pro pro- vide for buying foreign metals and minerals minerals minerals min min- as well as domestic The plan is no solution at all he said I I I I STOCK SALES MONDAY East Utah 1000 at at at at New Park at at Silver King Western 2000 at TUESDAY East Utah at at at 34 34 fcc c 1000 at j I New Park at United Park City at WEDNESDAY New Park at at Park City Consolidated at 1000 at 18 c. c I Park Konold 2000 at 3 c. 3 c. c Silver King Western at at I Park Premier 1000 at 4 T SHIPMENTS 1 New Park tons 1708 I II I I |