Show "AUCiUbT 9 Oufloolc Worries Miners As Silver Buying Program Must Go Babson Declares By ROGER BABSON DENVER Colo Aug 9— If Germany wins the war America's gigantic mining industry is in for a roueh ride The real rsrasneritv of our mines has depended on foreign markets We cannot begin to consume as much as our huze mines can produced The last ten years have been tough enough but with Germany out "to get" us In world markets there is hard sled- non-ferro- A Defense Buyers to Protect Consumer ding ahead for United States copper zinc and lead producers while the silver people are in an even r tougher spot r r This is the consensus of opinion among people with! whom I have talked here In the minine coun try It explains the unenthusiastic following for metal and mining securities In recent weeks People are afraid that prices are going to even lower levels than at present despite our defense program Stocks of the leadinz metals are very heavy Production is still outstripping consumption and prices of metals have been among the weakest of commodities sine the war boom blew up in Wall Street last September I Worries qyer the future price trend of the American metals are the basis for weakness in the price or metal stocks Silver Vulnerable Silver is in an especially vulnerable position We are still buying at I i foreign silver at the 'World price and are purchasing millions of lars worth of the domestic white metal at about twice the world price! The treasury has tons and tons of the metal on hand— a big enough supply to cover our indus PREPAREDNESS trial uses for years ahead The Elliot consumer member Harriet the saver tpurcnase program of the president's national defenseofcomgovernment is uneconomic and un- mission pictured in Washington sound There Is no more reason as she revealed that commission why the government should pay a will stagger its buying ffir army fixed price far above the world and navy to prevent 'undue presprice for silver than for any other sure on consumers" because of United States commodity— wheat rise price apples aluminum or oil With the pressure on congress to cue out au unnecessary expenses r this program will be under fire - Certainly wa ought to stop buying foreign silver which has been helping to finance foreign governments without mutual benefit to us The whole g idea has been one erand srab ok wild scheme which has cost the taxpjayers $1000000000 since early useCEDAR CITY Au 9— MulMnle of the national forests is com 1934! With a $14000000000 defense patible with conservation C N program to finance we cannot to continue to ladle out that Woods regional forester told mm kind of money to any group or to cers of the Southern Utah Live any minority — no matter how pow- stock association todav eonl ad erful their Influence When the 'Explaining that som vocate conservation 71 cents an treasury stops paying only while ounce for silver many a mine out others maintain the forests might in this country will have to fold up be used In many ways and con served at the same time MrfWoods Bright Side That is the darkest side! of the declared: "The limit of conserva picture There's another ide— and tion snouia oe the limit of our nat a brighter one Copper line and ural renewable resources! They lead are all vital raw materials should all be conserved Where it for industries In spite of the fact Is necessary to choose between con servation and multiple use the that new plastics are should be given consertheir field there is a big Invading prererence demand for these metals when business is vation" "The department of agriculture good In the United States The demand is biggest when the heavy In- holds that timber stands can be dustries are boominer F-- w Tnni improved by cutting that use renin yet realize the tremendous sup- ders forests less vulnerable!-tsect and con he depredation fire" of metals that will be fused plies in this armament program Hence tinued "it holds that the removing even if our export markets are oi surplus Big game saves ranges cut off our defense program will irom depletion and prevents mal nutrition disease and death of the for the next few years take game much of the slack in the- case up of can do itself It holds that ranges many metals conservatively used and yet Probably the most Important me 10 rage special perpetuated long-tereffect on the American metal business is "Erasatz" plastic 111 I kfr substitutes are increasing by leaps uTan and bounds Hundreds of articles Will Make Recovery which only five years ago were maae irom metal today come from chemical substitutes There1 is no CHEHALIS Wash Au? fl fAP! question but that these new plas- Lieutenant Colonel Elmer Johnson tics— which pop out of the laboraUtah national guard officer and tory at a surprising rate— will a man In the 40th division's key eventually raise havoc with the maneuvers will Recover metals business Some of these current from injuries suffered yesplastics are cheaper to produce terdayserious when he was struck by a easier to handle shock-proat the division's falling pole flag against abuse I do not mean to urand Mound encampment Imply that I believe that The officer head of th£ diviwill be entirely— or even largely-repla- ced sion's military intelligence and pubbut plastics will make lic relations section was istruck when the pole went out of conInvestor's Chances 0 trol as it was being raised by ' From an Investment standpoint trucKS j metal securities have one big asset: They are an excellent inflation hang over the metal securities as hedge The present congress will lone as the war rnnHmiM have approppriated 20000t000000 Summing up I find that' mines before it adjourns The national and not the debt may cross $50000000000 In most mine investors are with whom optimistic people a year or two more AH lessons I have talked on this On the trip from past history teach us that this otner hand are so not disthey means inflation If so metal prices could soar and prices' of metal se- couraged over the outlook as some shipping agents curities could zoom On the other importers makers and others who nana we? have gone so far along have been rracticallv onf nt the regimented road that the gov- Dusmess cy the turn nut of ernment may establish top prices events! My observation Is" world that for raw materials may turn us feel that there Is ai 0 they back toward deflation Further- chance for the metal to markets more the threat of a d score substantial or to con gains Europe will continue to tinue m the doldrumsl I us j ON ' j silver-purcha- WOODS EXPLAINS se FOREST GOALS 1 How Crop Fancy Strained Utah! 10 pound pail f-- Real PEANUT BUTTER usTflnDr: 1 jar nd o 2c 7yBr 29c ETGtlUP CATSUR Heinz large bottle s Pierce's 12-oun- ce bottle I Large nflTnTA AFlinD package ( af-fo- rd orrIJ --3 B pound Econom Blend SAHA COFFEE lb I A (with empties) Slcinioo i boillcs FRESH-I- T'S DATED 1 V 7l 20-oun- ce loaves Steinie bottles (with empties) yj 8' TP- prices and Vegetable rrW'A lcvu'" Sa turday Aut Black )§ - 50-5- Seeded WondyUes h 114C irk nt i TTIViprta iie Dixie m caso r A hnn nflGaS 2 lbs "X VrSiniPns 2 lbs 13c eimftlOBPES""---"r n r-r- -lAf Borden's Product 'ff'TfAzi'i' " v Mi- - - T tor i or can 29c Mil lUa" " Quanta u: : iiT 2 can ' i Pint BEETS I P83K nnD ggahs tall cani for Pe- - f ! o 2 Tomatoes car Ctai Fac'i canb' Campbell's Assorted can SOUP (Except O" Dinnerette Pork&Beans Vegetable Salad Baby Food Tomato Juice j J No S00 can Twin Peal medium ' tau Gerber's Clapp's or Heinz can ' Pierce's medium can J Harper lie large cansi are !?0 1 4 Ca re e can Amita I large No 2Ji Sutter's Fruit Cocktai 1 can aj t pear WESSON G3L ( Car' Bars SJc R 58 ur Bars Van Camps (niiifi — wiiifui ftH N i fj n - TOILET SO 111 lb5c Golden RIP FrU" ?rr: II :2ior9c NO 1 ULlUnnet 7 " 10 an SPINACI WIIITE IiING Quality immaZ EAN can 10c LAUNDRY SOAP W Utah b VEDTE IBM© ' Soups taste like a million— and cost little— with the help of milk evaporated by Borden's Rich smooth uniform milk— easy to blend and marvelouslr digestible Every drop irradiated with sunshine Vitamin D The brand: Borden's St Charles It's the label to reach for Stock up now—terve creamed 3-I- Franco-Americ- Spring Garden N'o 2 can 23c tall can 3c German-controlle- SV V 31c LURCH BOX t22? qt 3 1 c quart 23c svnup iec The Finest 1 MS s BEANS 1 26 - pkg- - PIEDWORT J"vrr 50-5- 1 mm n 'Vv SROVJDRIFT A Can 2 i 10 Only) New !i office-equipme- JJii: can Vegetal SOUP Pea Home CORN Country Fancy Cream Style can io 4 lbs- - 25c OLIUES Pack! 2 tall MU UUI r£ °r 2-- lb — graded RANCH0— SPAGHETTI - BMW czd 1 No 2 can PEAS 1 S155 "EXCELL PALE TYPE DEER large ouara utticer (Fit 41 PEAS Case 24 bottles i Rose io 25c v BEARS 3 25c (fzju C ± (viih emplics) 3 of i thempS A U8yr YOU KNOW IT'S i V pkg -lb -J- T5) m m-ta- - 29c TEA -lbc G00A"00LA - -- 1 pound 12 Drovn Derby Pilsner Typo — —— i :X M Schilling' UKZ FRESH BREAD ' il K AIRWAY COFFEE LA UiDA silver-buyin- I 2©c Roast i miiimm VMOB lueapple s fapeira I ' Gold tall can Libby's Crushed Sliced f 211 or Juice can Glennaire Fancy Florida No 2 can 4 1 |