Logan Republican | 1919-05-06 | Page 9 | Metal Mining Situation

METAL MININQ SITUA- H TION b H '" : H Tho U. S, Durnau of 'Mlnoa tuut. M Just issuod a general Btutemont as to. M present status of varlqu minora! In- M dustrics. H Tho conclulons to bo drawn from- H tho roport afa that the mining Indus- H try as n wholo has passed Its dark- H est hours in thnt prices havo u- doubtcdly touched bed lock ana H world conditions arc fall ly-well do- H termlned so thnt the initio oporatorti H know pretty definitely what they H must contend with, H I-lttlo hopo Is held out for any tm- H medlnto business from IJuropo at- H though metal stocks In Qermrny aro H exhausted. It Is felt that some ttiuu M will elapso, howover, betoro Amorl- H can mines will bo nblo to count on B tny regular foreign demand. H In the monntlmo ns building nctlr- H Ity resumes In this country with tho M coming of Kprlng It will holp rollovo M Mio stagnation or tho metal market. Increased labor efficiency Is nccca- sary to help offsot present cost of M operation which In most cases ts nbovo tho selling prlco of motnls and M tho largor mlncn nro operating slmpir to maintain their organizations' and M ho ready for the wavo of business M which must surely come, H