Show SILVER MINES CLOSED DOWN it is reported that the silver mining co operating aratin in the extreme northwestern corner of utah issued b orders to close down on the first of the month the immediate cause of suspension is understood to be the inability of the company to meet operating expenses with silver at prevailing prices there was only a narrow margin of profit when the act price of silver prevailed in the acquiring of the property its splendid equipment in ent development of the mine and the building b of a modern milling plant the company is said to have spent about no doubt a large proportion of the total was recovered in the mining and treatment of the ores but when it became necessary to open the mine at depth and it became evident that the ores were undergoing physical change Z problems presented themselves that augured against 0 making much profit on operations As long as silver was bringing 1 an ounce it was possible to continue and it is generally believed that should the metal command higher prices in the future the company will resume but not under prevailing conditions the clodin closing b down of the seemingly has had to do with a lot of cha changes rig es in the ranks of the crowd which controlled the proposition R PI charming channing it is said will have much to do with the handling of the united Corn comstock stoc k at virginia city hereafter A S winther superintendent of the utah consolidated will be b general superintendent while frank Ward laugh is switched f from rom the sup erin tendency of the to the super I 1 in tendency of the utah consolidated at bingham bingha it is the impression here that the bulkley wells regime at the united comstock comstoch k is about at an end |