Show SILVER ACT WILL BOOST MINE WORK spokesmen for the utah mining industry predicted that a general expansion of operations amounting to perhaps 20 per cent will follow P re sid entZI approval ot of the compromise monetary bill passed by the senate senate wednesday mine operators saw as much benefit in the removal of uncertainty as they did in the price increase itself under the measure passed tue price is fixed for two years instead of being left subject to revision by the treasury each six months the new figure to be paid by the treasury Is cents or 10 per cent more than the cents in effect january 1 to june 1 among those predicting an immediate upturn in utah mining activity was paul H HL hunt of keetley manager of mines for the park utah consolidated mines company who to an associated press report cr said our company will no doubt undertake more development work weve had several projects in mind but with the prices fixed for only six ix months at a time we daxe dare drive more than a few hundred feet or a new ore body he further stated that his company undoubtedly would increase its its force of employed emp loyes gradi gradually fally neal D snyder of salt lake city a mining operator estimated the increaSe increase ln in metal mining employment throughout the west at about 20 per ceni cen the best thing the new bill will do is take the uncertainty away lie he said there are many expansion projects operators have wanted to undertake but been afraid to move with only six months aurance su rance of price he comm commented comment entea ec that the additional return on silver would give operators more margin in practically every mine in utah since silver is a in all the ore me bodies thus much are ore alfor formerly of grade in each ilni mining center can now be worked Anoff anellier ier leader of the ahe industry who withheld his name said some properties that had closed for the fourth of july holiday had planned not to reopen unless a favorable price was fixed in the current legislative isla tive maneuvering every other mining man contacted agreed that the leai legislation was satisfactory and anticipated a rise in employment among those outside the industry to hail the senate action was governor henry H blood ile he commented this is a victory that should be hailed with pleasure in all the silver producing states the increased silver price cewill will mean a great deal and probably will enable some smaller mines to be brought into production it is highly gratifying to know that silver has won out to the extent it has in this bill summit county bee |