Salt Lake Telegram | 1932-02-09 | Page 12 | Walker Mine Closes March 1

WALKER MINE CLOSES MARCH 1 Company Decides It I Unsound Policy Poloy to Produce Copper at Present Price At a meeting of directors of the Walker mine copper producer of Plumas county California Monday afternoon a resolution to discontinue production on March 1 was wa adopted With Wih copper metal selling at 6 4 1 1 cents cent a pound the losses on operation were more than the thc company compan cared to carry and a close down was deemed cose sound business policy Only enough men will wi be retained to keep the mine free of water keep the thc mill mi in condition condi condi- lion tion ton to start starl up on short notice and continue the development of two ore are faces Married men will wl have On such a basis the cost of at maintenance nance will vill wi be slightly In excess of ot 10 a month Manager Ge estimates It I is thought the thc upkeep of the property will wi furnish sufficient work to give married 30 to 35 a month in i addition additon to the housing housing hous hous- ing mg light and ad water the company will wi furnish Cash resources of the company equal It I has in i addition additon worth of oJ supplies and owes no money Upward of tons of ore are broken in the slopes stapes It I Is planned planed to keep the property in I readiness for immediate operation when copper gets get back to a remunerative remunerative price prie to the number of ot about have been working about four days daj's a week week