| Show Up and Down the Street Salt Laker Attacks Plan To Reduce Metal Tariffs By Robert V W. Bernick Otto E. E Herres vice president of Combined Metals Reduction Co Thursday denounced proposed re reduction reduction reduction re- re of tariffs on lead and zinc by the administration as unsound The Salt Laker believes that Increased imports of the two metals can only mean unemployment ment in American mines and cr crip crippling crip- crip p. p pling of exploration Two resolutions now before the house ways and means committee would effect the tariff reduction on the metals Congress also has been asked to grant the president continued authority to reduce tariffs tariffs tariffs tar tar- iffs further for another three years Waste Vaste marginal Output If the administration continues the policy of cutting our metal and mineral tariffs until they reach the vanishing point without providing providing providing pro pro- viding safeguards or flexibility to meet changed economic conditions producers will be forced to mine high grade ores only and waste the leaner materials Mr Herres said He noted that since May 4 1 metal prices have declined to 11 cents for zinc 13 cents for lead I and below 18 cents for copper per I pound The indicated loss for Utah I now is close to a year j This may not mean much to global planners but you and I know it is pretty big money in I Utah and Nevada Mr Herres commented He asserted that the reciprocal trade program of 1939 which caused zinc tariff reductions should have taught us a painful lesson Jesson It took World War Var II to place the domestic mines back on their feet again he said Honors From School Vill Will the cause of world trade be strengthened if our domestic domestic mining industry has to be kept alive by subsidies like agriculture or by a quota system like cotton in the south Mr r. r Herres will be among 12 persons honored by his alma mater the Colorado School of Mines J-Iines with special achievement medals at that schools school's commencement commencement commencement commence commence- ment program Friday Dr James Boyd director of the United States bureau of mines also will receive the same award that day Locate Oil Well J. J W. W Griffith Oil Co Thursday announced location of the R. R Lacey I Production Co Uintah Basin No 3 I Ashley Valley field well vell at NW SW V NW V 25 It is a continuation continuation con con- of the Ule eastern play orthe on or the Ule Rogers Laccy Lacey tracts drilled by Griffith Grain Oil Co and Hol Hol- Travis landsworth-Travis Drilling Co Inthe inthe In Inthe the Uintah county field Bankers Elect Vernon W. W McKay Thursday was president of the Salt Lake Bank Officers' Officers following his election Wednesday He i Is n. n i fant f- f ant vice president of the Walker Bank and Trust Co He succeeds J. J E. E Boud Bond Plan Drill DrUI Stem Test Mert Baird partner in the B R Drilling Co Thursday reported the h No 1 Naples structure Uinta county wildcat C SW V SW V 1 would be drill stem tested tested tested test test- ed Friday at 53 16 feet when gas shows were encountered in the Moenkopi formations Mr 11 Baird said fishing job for tools in the well at the joint would be completed Thurs Thurs- day q 1 fJ Mr Gallo Mr Ir Anderson Training Program Joseph F. F Anderson district manager for Prudential Insurance Company of America said Thursday Thursday Thursday Thurs Thurs- day the firm was conducting an intensive training program ram among agents throughout the state on use of Dollar Guide Vincent G. G Gallo Newark N. N J. J supervisor of the training program program program pro pro- gram said classes are arc being held in Salt Lake Provo and Ogden for the company's 47 Utah agents The dollar guide is a new approach approach approach ap ap- ap- ap to insurance selling Mr Anderson said Ve We dont don't ram a policy down dawn a customers customer's throat We Ve let him decide with the assistance of the guide just how much and what type of insurance he can afford to carry |
