Show t tUp Up and Down the Street Lifting Import Duties Stab at Zinc Mining I I By Robert Bobert W. W V. V BerrIck Bernick Otto Herres vice president of Combined Metals Reduction Co l declared Monday that proposed of duties on import of zinc would not increase domestic supply to any degree S J It would however work a hardship hardship hardship hard hard- ship I on the American mining industry industry in industry in- in he said in a survey prepared prepared pre pre- pared at the te request of oC the te American American Ameri Amen can Zinc Institute U Mr Herres referred to a measure introduced in the congress by Rep James E Van Zandt R It R Pa k calling for lifting the te duties dutes The Salt Laker said the troublesome troublesome troublesome trou zinc supply situation during during dur- dur ing the past past year came about through strikes in important mining mining min mm- ing trough and smelting districts in of zinc for v- v 48 1946 purchase go government gov gov- eminent and lack of capacity to absorb domestic domes domes- tic tc production None of these tese problems will wi be by suspending the duties dutes f on zinc ores and concentrates in fact their solution would be made only more difficult Mr Herres Heres stated The theory of or the Van Va Zandt bill bi is that tat under the Marshall Marshal plan zinc inc metals from foreign countries countries coun coun- tries trie would be made available to the American consumer However the go government v ern men ent t been very successful in obtaining foreign zinc for the national national na na- defense stockpiling program program program pro pro- gram Mr Herres said adding there is little reason for believing belev- belev ing greater geter success could be obtained ob ob- ob tamed through trough duty lifting Hike Prices o On the other hand had suspending suspend ing Ig the te duties dutes will vili wi tend to hike world prices increasing the te burden of the foreign purchases on the American taxpayer The e position of other foreign forcin users user of zinc already suffering 4 fro of metals metal and dollars dol dol- I lars las would become more desperate except to the extent that we give them back the te metal again after I we we purchased it at a higher price I Mr Ir r. r Herres predicted Although the proposed legislation legisla- legisla tion ton on might step up the flow fow of I concentrates to this country Mr I II I Berres saia sala smelter capacity at present couldn't take care of that J Increase anyway i f. This situation is caused by the abnormally large stockpiles the government has accumulated in concentrates during the war and which are now being run through the smelters I Lt t Mr ir Herres Heres stated that whether the te policy of tariff reduction on metals and minerals has not gone too to far already is open to serious question r J The nation naton for the ton of its it people must see to it that tat the te mineral Industries as among the great national assets bland and safeguards are arc maintained in ina ini a h healthy sound condition i Solution to the problem is en- en J of the te presidents president's incentive mine development program rather than a measure ing the domestic zinc mining indus indus- r try ry with wt further tariff cuts he aid aidI t. t I. I Executives See Movie I Members of Salt Lake City Executives Executives' saw a Salt Sal Lake Hardware motion moton picture on sell sell- sel- sel tag Ing g techniques e en entitled n t tit i t 1 e c d By y Jupiter at a noon luncheon meet- meet LIng lg Monday in m Hotel Utah Darrell Darrel W W. Howard president president Was was in charge of the luncheon meeting T 1 Higher Prices Unlikely I I Higher United States gold prices 11 ae are re unlikely this year Standard pries t Poors Poor's Poors Corp Crp reported Monday A As a result resul the industry's outlook outlook outlook out out- look during 1949 is not at all al encouraging encouraging en en- when it Is i coupled with failure to raise output and ad burdensome bur bur- derome costs While prices a above ove 35 have been paid in called so-called free or black market or allowed in some minor gold producing countries counties such prices represent a flight from de deteriorating deteriorating de- de I de-I currencies or national measures measure to produce more dollar dolar I said the te statistical agency Manager Appointed Appointment of ot Ralph R. R R Briggs as regional regonal manager of the Underwood Underwood Underwood Under Under- wood Corp at at Salt Lake City w was v a s a announced I Monday in New NewYork NewYork NewYork York by W W. F. F I IA A Arnold r no I d the the w I fn's firms firm's vice h. h I dent Mr Briggs j joined o 0 i n e d Underwood Underwood Underwood Under Under- I wood in 1940 at Lewiston I d a. a I and was a sales representative in Mr Briggs Spokane Va Wash h. h before his assignment assign assign- asig- asig ment here Offices of the Underwood Corp are arc at 41 44 Exchange pi pI Sales Continue Sag Values of Salt Sal Lake department store sales continued to sag further urther during the week ending Jan 29 the federal reserve sy system tern tem ter said Monday They w were re down 19 over a week a year ago and 12 for the te four we weeks k ending ending end- end ing ng that date For the fiscal year to date 52 weeks including higher sales during during during dur dur- ing the last lat quarter of 1948 the values of sales were up 1 over a similar period Sales Sale were down 7 nationally fo last week In and down 10 for the te western wester United States compared with the same week in 1947 |