OCR Text |
Show While the situation is nut alarming alarm-ing it will be mandatory In many of the producers to Increase the ratio expended for development its compared com-pared to production In order to catch up and once afaln operate on a balanced basis. In addition ore bodies are becoming mure and more difficult to tind as work pro- , ceeds farther and deeper under-ground under-ground Rehabilitation of the underground under-ground mines probably will re- I quire several years and there is no doubt in J lie minds of the operators that the industry can !) placed once aguln on a safe and stable basis. However, the cooperation or all agencies will aid materially ln expediting that time and in doing this the best Interests of the business an:! industry of the state will be served. on behalf of the Treasury de-, de-, partment to thank newspapers, radio and other publicity and advertising ad-vertising media and their advertisers adver-tisers for tremendous support in - space and time devoted to urg-; urg-; trig Americans to buy and hold BOND SALES INCREASE IN FIRST HALF OF JULY , Americans bought $13i,057,OOU I more of U. S. Savings bonds dur-j dur-j ing the first half of July than in the first half of June, National 1 Savings Bonds Director Vernon j L. Clark reported today to Chas. L. Smith, Utah state chairman Sales surged up 45.7 per cent a-1 bove the mid-June figure to jreach $443,514,000, the best half-j half-j month's volume since January, j ! he said. "This marked increase result-i result-i ed from the June-July Back Your Future' publicity campaign which stressed investment in bonds as security for the future and their purchase as a check against inflation," Mr Clark said. While stiles were increasing, redemptions were holding steady j at the new 1040 low achieved in j June, according to his report "It does not take an economist ' to figure out from these facts I that Americans are convinced savings bonds are both profitable and safe and not to be sacrificed except in a real emergency", said Mr. Clark. The director took the occasion |