Salt Lake Telegram | 1931-08-15 | Page 10 | Mine Supplies up and Metals Down

I l MINE S SUPPLIES UP p AND NO METALS DOWN DO Poor Way to Bring Business Back Mine Operators Contend On August 1 I 1929 the miner mier got gol cents an ounce for his sliver silver 17 cents cent a a pound for his hl copper rents cents a a pound for tor lead lea and 68 cents cent a pound for zinc If I he needed tim timber timber ti ber Iber he hc paid 2875 a a thousand feet feel for it Rail Rai cost cst him 56 hose hose 1 14 1 cents a foot powder 1250 a a. hundred hundredweight hundredweight weight and fuse lue a a thousand feet reet August 1 this year ea the miners miner's silver sil sU 47 41 Yes ver brought cents an ounce per cent less les than In 1929 but his timber cost cot was wa only per cent less his hi hose hoe only 16 per cent less lC his powder and fuse Just the thc same hi and his rail rai 36 per cent more moe The decline of or his hi copper was more drastic being beig per r cent off its 1929 price prie Lead was wa down 34 8 per percent percent cent and his hi zinc va was wa-s off of per cent Here is an average decline of ot per cent in the market value of the four fou pr principal metals Has Ha the market as a a. 0 whole adjusted i itself el to tc a this reduced level of prices Can the miner mier comfort himself with the re reflection re- re re lection th that t what he loses loes in Income he will save In I expenses Hardly Hadly I Against a per cent loss los he can cn show only a per cent saving With a fair break the cost cot of or his hi Wih a supplies would be reduced as s a much mucha muchas mucha's he has to tol as a's the price of or the things ho sell a If such an adjustment were in an effect el I his timber tiber cost would be 1564 Instead ad hi of or 2275 his Ws rail rai Instead Instead In stead of 02 his hi hose hoe 76 cents Instead In lii i. i stead of 17 cents cent his hi powder Instead of 1250 and his hi fuse Instead of 70 istead Powder and ad fuse it will wi be noticed have gone down not at all al since sice prosperity prosperity pros pros- was wa at high tide while mine minerai rail mU rai has ha actually gone up How asks aks the mine operator are we ae ever going to t bring business to a balance if we have to pay full ful prices for or what I we buy and accept half prices for what we sell sel We are doing doln ill all we can can to t keep labor employed al and give buying power to the custom custom- customers ers of or the supply manufacturers What are arc they doing doig to Increase the buying power of ot our ou customers o 01 even n-en their own Echo answers What Surely the powder people have shared hared hi In the general generl reduction of or i material materi l and operating costs cost since 1929 If In i their business busine as In i most most I other ther businesses volume of output is 1 one of or the big factors In lowering i costs it would seem to be good go policy for or them to pass some of their cost savings on to their customers That the mines going goin would tend to keep and md encourage new ones to open up Though only a few examples of the tile unyielding state of mine supply prices lave have been given h here re mining men d are say sty that the specimens presented typical Six dollar donar and 30 cent powder pow pow- del der ler and 4 Si 08 fuse prices that that would be e on a a parity with wih cent 28 ent 8 silver and 7 cent 2 copper they admit amit might not lot bring immediate relief reler but the principle If i applied generally general would give they hey Lye consumption contend tho the boost bot it needs need