Show PARK CITY MINES CLOSE word was received in salt lake a f few e w days ago that th at the leading mines of park city were to be closed down after the first on account of the decline in metal prices the daily tribune in making the announcement no of the intended close down said by the decision reached in this city friday afternoon by the three largest a operating organizations in the park city district of utah there will be over a th olp sand miners let go at the first of the new year this decision was reached late fri day afternoon the silver king coalition mines company holding a directors meeting from 2 on immediately after the same general manager thomas kearns stated that the directors found little else to do however keenly they th ey regretted the action and the silver silve king will have to ease up until metal conditions get better ernest bamberger manager of the daly west ontario daly and others known as the bamberger mines stated to the tribune immediately after that on january 1 the companies under his charge would close clase down he stated that no time limit pas was placed on this era of idleness for no one could tell when the th e metal situation would pick up in such a manner that shipments on a large scale could be made at a reasonable profit general manager george W lambourne of the daly jud judge ge company was in park city friday but it is known that this company being placed in the same position will also close down on the first of the year the silver king company employs over men the daly west and allied organizations employ and the daly judge has over men on its mine and mill payroll all the companies are among the largest shippers of ores that are within the utah lines hence each one of them has been a heavy loser during the past few months by the great drop in lead silver and copper none of the directors of the lh e three could see any good reason why they should continue to give away their ores at the present prices of the metals and no other alternative was open to them thein but to cease shipments and this meant a reduction in the number of men employed the following officials attended the silver king meeting david keith president senator thomas kearns vice president and manager W S mccornick M cC ornick treasurer john S bransford james ivers W V rice J frank judge and IV mont ferry |