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Show WESTERN MINERAL SALT LAKE VALLEY SMELTER PRICES v . ... .... UMc LEAD, per SrRTET pwl ..., Serotei le the Mining m( ell Indiutrlre of Uttb Mi ' the Weei. A reenme ef tlie onUtending ia ie COriEK ...... , . .ILK ..... a,..,,..1.......ll.TMe MMe (OLD ZINC SILVER (per m. new nilael) IMIe SILVER (per m. epot).. ....SMM Features Mining,. Oil, Financial Price Drops On Magnesium The three bills were introduced into the Senate by Senators Lynn D. Richards, Salt . Lake Democrat, and Mitchell Melich, Republican from Grand County, - and today were being hailed by mining men as a definite boon to the industry in Utah land a promise of a substantial increase in metal output should they pass. Since the State Supreme Court ruled, some two years ago, that mine lessees are employes under the meaning of the employment security- - act and . other - similar measures, mine leasing has just about passed out of the picture in Utah. Mine - owners could not . economically lease properties on the bid percentage basis if they were to be held responsible for the lessees in matters of insurance, unemployment workmens compensation, social security and others, as they were for their regular payroll em; ployes. .As a consequence, block leas ing virtually ended in the state, with the result of closing down large numbers of . small mining properties and throwing some hundreds of experienced miners out of employment. For the most ' lessees are part,-minhighly experienced miners; but older men who feel themselves unable to with younger, and compete - . oi To - -- - . . ' of ; copper In this December were the largest on record.. The. price ' situation'' iaist-- . ..week was un. changed, with, domestic consum-ers obtaining copper on the basis of 12c., Valley Foreign copper was1 purchased by Metals Reserve on the1 basis of 11.75c., f.a.s. LEAP ' . The Advisory Committee of the lead industry meets ' in .Washtoday. A subject receiving ' ington attention is the1 Supply of antimony. A more liberal antimony . order, in the opinion of trade is fully warranted . authorities, under present conditions. Easier conditions of. sale. would. aid both lead and antimony. ' 'Sales of common lead for the last week amounted to 9,722 tons, against 7,419.; tons in the week were unprevious. Quotations ' . country-during- , . . - - , - v. changed. zinc Scheduled -- -- - ' : peak production of slab zinc in the, United States was somewhat delayed in 1942 and will not be reached until , the second quarter of., 1943, according to E. V. Gent, . secretary of the American Zinc Institute. However, total output of zinc for the year was well ahead of 1941. The price of Prime 'Western St. zinc continues at 8 . -- l-4- . ; , Louis. MAGNESIUM The Office of Price Administration announced on Jan. 8 that The Dow Chemical Co., has reduced the price of magnesium 2c. a pound, . , basis being retroactive .The reduction in price was made at the request of OPA, it was stated in Washington,, and the new schedule was made possible by economies in production brought, about by the increased volume resulting from the .war needs. The revised base price for magnesium ingot is 20c.a, pound, against the previous quo-tation of 22c. All magnesium air loys have been lowered in price to conform with the new price named for the metal. the-lowe- r .to' Jan. .1 of the current year. . QUICKSILVER Though ceiling prices prevail on most of the nearby business are being placed, occasional sales reported at concessions. Quota-Jioni- n New York continued at . flask. st week the has been Restrictions On 5 Metals . non-mefc-tal- ic - . . -- under the inventory restrictions priorities - regulation No.' 1 by ..swneiJLoYjuixodirector generameridecLby the al for operations. . . Priorities regulation No. ' 1 apto commodities unless all plies specifically excepted. .Order lists certain which are exempted rffom this inventory control.;. On June 1, 1942 the following products were .and brought under . exempted from .; inventory, control os priorities regulation No. 1. sopdumene. domestie .. kyanite, domestic sillinianite, talc and . . M-1- 81 M-16- -- 1, us earth. - He demanded in practical terms the complete integration of the smaller plants hi the war picture, saying that, - shoukji the smal businessman go; we ' will all go; and, on the question of metals and minerals) that nothing short of stockpiles piled upon stockl v piles would do. He pressed the committee to believe that' these, two factors must , WASHINGTON Five minerals, which,' have found important uses in war. production today had been put back . Todays amendment removes these five minerals from list "A of the order. A shortage of these five minerals has developed to the point where it is desirable to prevent hoarding. Spodumene is a source of lithium, talc is used for insulators and similar items, the other materials are used principally in refractories, the use of which is increasing with output of metals for war. Spodumene and talc are both under allocation control. . . , . restoring Post-- - ; iodppbr; Deliveries twenty-fift- Utahs metal mining' fields. of magneslum leading produce? ' has reduced the price Qf the metal 2c. a pound,' which fibres t the .base for ingot rat 20V4c. is MamMsium'jjrpductioh' ' scheduled. t6 incre&sto GOO, OOtfrxX) lb. a year undejjljfe ' jiirar program, 'VWPB reports SENATOR" MELICH ; SENATOR RICHARDS The .period during which the Metals ' Reserve (Jo. will ray ' premiums on duction of .domestic copper, ' lead and zinc has been extend- : r. ed one 'year to July. 31; 1045. Excepting the change in the Secretary of the Interior Harolcl L.' Ickes "recently told the v , date, the terms remain as pre- - Senate special committee on small' business that the nation, viously announced.' Antimony fighting for its1 existence, is forced to face, the fundamental supplies are increasing owing fact and problem that both its mineral resources and business to restrictions on use. talent . lie idle. . tr . a- s , .. h - -- ; - r- oc Utahs in session for almost Legislature, twjri weeks, turned, up its first mining bills on Wednesday of th4 week, three- measures aimed at block ; - : & - Ef Measures Give Lessees Status Of Independent Contractors At. the request of.OPA, the over-quotfr- -- Back Utah Mine Leasing Premium Setup Extended ' To 1945 , J $2.00 Year, $1.00, 6 Mos. .Salt Lake City, Utah, January 22,; 1943 Vol. 14 NO. 4 . Telopmrnte Is carried eeeh week. j Bating Priority Arthur S. Knolzen, head the Of Mining Equipment Division of WPB, announced Jan. 8 that met and coal mines al, have been granted a higher preference rating for purchase of repair and maintenance materials, and increased allotments of certain critical metals. A rating of AA-- 1 has been assigned to the purchase of all repair items for the first. quai ter of 1943. Purchase of ' materials .used in manufacturing mining equipment have been raised to AA-- 1 for 50. per cent of the amount, and AA-2- x for the remainder. non-metalli- c, Merger Mines Shaft Ready For Mines Ida. WALLACE, Merger Corp. is all set to start sinking from the 1400 level operations u the exception of the instal-360- 0o feet of electric pow-toperate to me -- o cn or Gold Price Rise Seen V . f A. Gold prices may increase after the war, although no chang;jk probable during the war. Go! still universally desirable and, with prospects of depreciated currencies later on, may again, come into its own as a medium of in teraatlonal exchange.- .The United States, Great Britain and Russia will have all the gold and all the production, and, working together, may find it advantageous to raise the price as a means of reducing public debt. . Also, some means of distributing the gold to those countries not possessing it may be found. . A cut in the price of the metal Is thought inconceivable, and an increase far from unlikely. STANDARD & - POORS CORP. American Output Is - e - After expanding for nine . ctrcsger -- Jraitiyg3hs-ra Wnl' con- - " ' leak, manufacturing acti; V; else, the United States will fail work. of the the United States showed to accomplish the. hardest job Inevitably the stopping in our history. leasing practice curtailed devel recession lri' November, The secretarys appearance' beJS'iet aId prospecting ng to the' Alexander I the state, a situation thor the Senate, group was for. the the future to detrimental institute. oughly purpose of discussing the relathe industry. The reduction in manufact tionship of the countrys metal of Senate Bills 40, 41 and 42, and mineral' resources to the war Wednesday by Sen- activity, from October to Novem effort. ; Before he began his stateand Melich, would her was due entirely, to a curtailators Richards ment, Seh,. James E. Murray, in the status ment in the output of lessees mine e place of chairman', .the Senate' special -- hold by which actually..they on committee small had business, ' the situation of goods. The output of durable opened the. days hearing with a any analysis of,contractors, and goods continued to expand, with statement that, there is.no es- Independent the with lessors, relations their the index rising to a new record that our supply caping the of critical and, strategic materials mine owners, are on this basis. high peak. sets a definite ceiling not only Lessees would not be considered Prices of manufactured goods under the meaning upon the amount of munitions employes rose in October to a new which act the of security employment that can be produced in this counem- high peak for the war period were unless actually they., try, but upon the number of no change in November. smaller plants that can be effec- ployes, carried on the payroll and showed In Prices orders November, however, ? under company tively used in war or in essential workingthan for themselves. ' 5.9 were per cent higher than in rather Civilian work. month of 1941 .the at the not known present is corresponding It The trend and burden of Mr. cent higher Ickes message was directed, to time, just what difference the and were 35.7 per. make pre-wa- r month of bills the would in than these of the existing critical shortages in passage 1939. in Due to the fact situation proto Utahs August mining needed metals and minerals. Why, that there was no price change , he demanded to know, do these duction figures, due to the fact old from October to November and needed ores, lie in the ground that large numbers of, the of to the. fact that the quantity of out thrown beyond the application of all the time mine lessees, workof. line by their joods manufactured showed a re mining and fabricating talents of the old regular Court decisions, cession, the index of the value of Supreme a whole people? There should moved out factory output declined from the and must be, he argued, a piling hayje undoubtedly regu- record high peak of 244.8 in Qqv of stockpiles on stockpiles; there of the state or gone into other v tober. to 242.4 in November. must be an abundance of mate- lar mining work. On the are there certain that is it hand, rials from small as well as large Despite the recession in Novem miners who numerous the value of factory output her, producers so as to keep our ex- would workqualified lease on effectively factories 100 was at still cent far above normal. This panded per are not of production. .We must make agreements, butin who indicated is by the fact that the the industry, sure that both small and large now working a return index of farm income, which is the to industries are for equal oppor- Consequently, would inevitably a measuring rod of normal was tunities to contribute their full leasinganpractice of value the output, factory metal in proincrease share to the war production .pro- bring considerable expan- 184.0 in 19-- 2 as compared with and duction of value of gram. mining indus- the November . index Mr. Ickes went on to say that sion in the metal of 242.4. Despite of output future factory the for the policy of the Department of try, necessary the abnormally high rate of outin the state. the Interior is plain.. It has been mining in 1942, no corrective recesa are put bills The good given and will continue to be an ' is in prospect during 1943 sion the Legislature chance to agency, on the prin- and becomepass to due the large volume of goods in law, ciple that In such times as now view of the war particularly which will be needed to carry on time urgent more than enough is better need for strategic metals, which the war. The prospect is that a than too little, too late.1 increase in the output of stateto further should . Chairman Murray asked what senators prompt will more that! offwar and products representatives effort had been made in the past work for would in the output oi which set curtailment law any to Increase, the production of tend in this civilian direction. goods. such ores as manganese, alumiIntroduced this early in the num, copper, zinc and chromium, session, the bills are considered suggesting that there, surely, ex- to 'have a 'secure place on the isted the necessity for augmentcalendar and thus.be certain to ing our supplies of these metals. come up for discussion on their . .The secretary said . he agreed Own merits, thus avoiding the completely as to the needs, and fate of being lost in the sifting SPOKANE, Wash. The Sidney added that his department had which befalls many Mining Co producing zinc-leacommittee, effort-tforce increased made an introduced late in the ore from a property in the Pine Were still making measures production. session. Creek area of the Coeur dAlene But the story on It, he said. of Idaho, is now equipped with a all the metals you' have men50 ton concentrating mill. Wm. tioned tends to be pretty much Gunnison Mill Moved A. Beaudry is manager. The old the same. The effort peters out GUNNISON, Colo. n S topes and chutes are filled somehow in the War Produc Abe Lincoln mill above Bower-mato with ore, it is said. All faces have was bought and moved tion Board. And It isnt a simdrilled and are ready to be been IIvermiculite O. defl with the Aaberg ple matter of dealing shot, , claims at Powderhom. ite refusals. ' 51 . J - - ed nori-durabl- - . , , Mine Repairs Get New Higher W to leasing - - . . gin ist . the . - Sidney Mining Co. Completes Plant . d o -- U ! ' |