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Show FROM THE BOWELS OF THE EARTH Thoso nro great days for tho mining min-ing Industry In Utah, with metal prices soaring and no sign ot check or let up In tho demand. Tako recent re-cent figures for example: Copper wns soiling at 23 cents nnd hotter, por pound, with likelihood of going to 25 and staying thoro, while somo authorities predict that it will reach 30. Tho present price is the highest slnco Juno 1907, and tho average av-erage flguro for tho Past 30 years has been a Bhado under 14 conts. As Utah Is producing at present about 180,000,000 pounds por year, tho vast significance of tho Increase will bo evident to nny ono capable of making a slmplo mathematical calculation. cal-culation. Lead has advanced to $5.70 from $5.-10 and $5.50 per hundred pounds. Tho nverago prlco of this metal for tho past 30 years has been Uttlo less than $4.25. Utah's lead production Is In the neighborhood ot 200,000,000 pounds annually. Sllvor went to .50 1-3 cents per cunco, which Is tho highest In 18 mouths. Whllo tho chnnges In the prlco of this metal seem sllgt, being quoted In cents or fractions ot cents, It will bo noted that it is referred to in terms of ounces, whorens copper talks in pounds and lead In hundred-I hundred-I weights. A frnctlonnl Improvement, therefore, means much in a produc-' produc-' tion ns largo as that of Utah, which is about 12,000,000 ounces per year. For none of tho metals does tho fu-turo fu-turo look brighter than for silver. More Is to bo used in tho coinage, and thoro Is prospect of heavy buying buy-ing from Great Britain, India, China and South America. In fact this movement Is already under way. Tho foregoing figures tell their own story, and It Is eloquent enough to bo submitted without comment. Dcscrct News. - |
