Show EFFECT OF WAR ON UTAH the effects of the general european conflict are beginning to be felt in this state As precautionary measures working forces are being reduced at mines and smelters shelters sm elters and the suspension of all metal quotations since july 30 has had the effect of alarming producers briefly the following developments may be noted on the ath the arthur mill of the utah copper company was c closed lo 10 S ed indefinitely previously sunday work had been discontinued at the mines although alth an effort is being made to keep keen oc P da as many men as possible at work it 1 is s announced that the output is to be curtailed about 0 half eventually this reduction will apple to the smelters shelters sm elters as well the same V n r 0 cedore is being carried out at ot other her copper coppe properties in the west the war has rl re suited in temporarily destroying one hall half of the market the custom smelters shelters sm elters of the valley have hava decided to pay twenty five cents an ounce for silver and ten cents a pound for copper until quotations are resumed in new york when the balance will be paid lead pay payl ments are to be continued as before it is feared that the low silver price will compel many mines to close and a demand is arising for forty cent payments this would undoubtedly enable the mines to keep up operations and pay expenses but on the other hand it increases the capital needed by the smelters shelters sm elters to carry the unsold stock and possibly puts too much of the burden of meeting the crisis upon their shoulders it is said that the local assay office of the U united states will pay fifty one cents for silver the mines committee of the local commercial club has appointed a sub commit tee of which W A wilson is head to take up the matter of asking the government to advance money to the banks here to be used in enabling hard pressed mining companies to continue operations somewhat as the government advances money for the movement of crops just how long the present situation is to continue is problematical but there is little doubt that when the material resources of europe become heavily impaired by the war that neutral countries will be called upon for supplies to enable restoration of industries and that in the general export movement sure to come the mines of this and other western states will profit |