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Show MINING INDUSTRY MUST HAVE IMMEDIATE AID Immediate and well-chosen action is needed, to save the domestic mining min-ing industry from a total suspension of operations, according to A. G. Mackenzie, secretary of the Utah chapter of the American Mining Congress. Con-gress. Such great havoc is being wrought to domestic metal prices by the dumping of foreign metals in the United States that it is virtually impossible to operate any kind of a mine, say, Utah mining operators. Only the pegging of the price of silver sil-ver at $1. per ounce by the provisions provisi-ons of the Pittman act has made it possible for the silver mines of the west to continue operations. Now the price of lead has dropped to such a level that the situation for even silver-lead mines is gloomy. With foreign for-eign lead being dumped in the United Unit-ed States, the price of the gray metal met-al is held at 4 cents per pound and if this should continue it will be impossible im-possible for even the silver-lead properties pro-perties to operate. The new congress should enact some immediate relief measure that will save the industry without awaiting for the regular tariff tar-iff bill. |
