Show s I MINING INDUSTRY URGED TO FIGHT NOT HAVE MINERAL PROPAGANDA I I I I I Serious danger from public misunderstanding misunderstanding misunderstanding standing of the reserve ore-reserve situation may result from the current wave of not have propaganda says Engineer Engineer- Engineering ing lug and Mining Journal The mining industry must protect Itself take active steps to combat the rapidly growing impression that some of our national mineral resources like copper lead and zinc are really near exhaustion warns warn the publication The Tho threat of harm Is no rio empty one the publication declares clares d since the idea that we are mineral nots' nots has already been pretty well sold to the pub pUb- public pUblic public lic and to Congress If they believe that we can no longer depend on sub sub- substantial substantial substantial domestic supplies of these necessary necessary essary raw materials they are likely to deny to domestic operations the pro pro- protection protection protection needed to encourage adequate progressive industries producing and searching for these metals The handicap in dealing with the situation is that in general the figures presented cannot be attacked as untrue Wo We firmly believe the magazine says that they are if 11 1 anything generous as engineers' engineers estimates est e S t I mat m a t e s of measured meas proven Indicated probable and In Inferred Ln- Ln Inferred possible reserves The difficulty is that most of the authors who use I this data data and and certainly the public public- presume the estimates to represent the nations nation's total reserves reserves' discovered and undiscovered economic and al The alThe The explanation of or why similar es estimates es- es estIma estimates I tIma tes prepared ten years hence may mayb b bd 3 as largo large or larger Is by comparison i technical dull and not easily under under- stood under under-I In most not have publicity the magazine points out it is what is left unsaid that invites public I standing It is not explained for In Instance In- In InI instance I stance in a recent article of Secretary I of Commerce Harriman in The Saturday Evening Post that the nations nation's tax I policies make exploration for tor new de deposits de- de deI deposits deposits I posits financially unwarrantable nor I that the manpower shortages of war war- wartime war war-I wartime time forced the mining Industry to abandon much exploration and develop develop- ment meat mentHe mentHe meatHe He does not mention that SEC regu regu- regulations regulations regulations lations for many years hampered the financing of new y mining ventures and that the complexity of state sky blue regulations Is still a serious handicap also that the political game of ot using business as a whipping boy deterred the range long-range investments required to find I new mines He takes no account of the I fact that foreign measured and Inferred Interred I reserves of many minerals are not far I different from our own In terms of an an- annual annual annual nual requirements and that foreign peoples are showing a disposition to charge what the traffic will bear The implication that we should lend less encouragement to domestic production takes no heed of the fact that our greatest opportunity to obtain future supplies depends on continued technical cal progress and Investment than on any other factor EFFICIENT EXTRACTION MEANS l LONG LIFE LUE TO MINES NINES When a mining Industry has once been developed as ours has been it cannot be subjected to prolonged shut shut- I down dowl without serious loss of ot resources I II comments an engineer Very few under under- underground underground underground I I ground mines are dry They must be I constantly pumped out and frequently i the penalty of failure to keep them I pumped out is rotted and broken tim tim- timbering timI I bering terin caved ground admixture of I waste rock and Irrecoverable loss of ore In a 2 mine operating in heavy I ground maintenance and repair of the and other main workings I must be continuous says The Denver I Mining Record i iI Where mining is carried on by caving I methods method or by shrinkage in which ore is blasted down and left in inthe Inthe inthe the chambers to be drawn off I later the caving of barren sidewalls or orI 1 I roof during a shutdown can so dilute I I I the ore as to destroy its value By value I at this point is meant usefulness in a national emergency the diluted ore would require more manpower more concentrating facilities and more time L for its beneficiation than the nation in great emergency can spare I In Iii the field of metals It lt I has hs been b shown that the outside world nas has neco nee for all the metal that It can reasonably insist upon producing The United States on the other hand needs a n do do- domestic domestic Industry capable of ot rising in- in inI instantly j I to emergency but no Industry especially a mining Industry can re respond re- re respond respond spond unless it Is in sound and healthy operating condition when the emergency arises Conservation Is 15 a primary considers considers- I tion of any mineral policy By conserva conserva- conservation I and tion we mean efficient extraction use I use Use not hoarding By stabilization atlon we weI I mean the effort of ot balancing supply and demand of world minerals to to avoid avold bad effects on Industry standards of J living and nd nd labor condItions and above all all thc b r waste of irreplaceable r r sources caused by the over development Over over overproduction er- er production n and violent swings swings' in prices pd es Because mineral resources are ex exhaustible ex- ex and a d irreplaceable conservation I and iii stabilization are almost synonymous J requirements both from the standpoint of ot the industry and the nations con con- Efficient extraction of minerals I with a minimum of ot waste requires con- con coni i of operation and prices adequate i to permit of conservation practices es I RULES TO KEEP MINES IINES TOLD TOLDA A minimum of worth of labor laborI I must must be performed on mining claims within wI the next 12 months to retain ownership of the property D D. Byron Mock regional r administrator Bureau of Land Management U. U S. S Department of Agriculture reminded owners Friday 1 Legal J. J gal requirements for similar work on Claims in Alaska have been suspend suspend- suspended ed until July 1 1 1948 Mr Mock said but such suspension does not apply to claims within the United States I i METAL L UNION ASKS U. U S. S CONCILIATOR Following deadlock between International International International II Union of ot Mine Mill and Smelter Workers 0 C I O 0 and Copper Corp at negotiations meeting Tuesday the union has requested conciliation service from the U. U S. S Department of Labor at San Francisco Arthur Ashby I International representative said Wed said Wed Wednesdays I I Salt Lake Tribune I STOCK SALES I THURSDAY Park City Consolidated Q 1000 Park Paris Nelson Nelson Nelson-bOO 1000 Q lie New York Exchange I a P Park rk Utah Utah Silver r King Coalition Coalition FRIDAY I I Park City Consolidated ConsolIdated bOO 1000 I Park Premier 2000 Premier 2000 I New York Exchange I Park Utah Utah Silver SUver King Coalition Coalition S MONDAY Operating Companies East Standard Standard Standard-bOO 1000 9 c. c East Utah Utah Grand Deposit Deposit Q a I 1000 Lakeside Monarch Monarch 2000 2000 Ic Tintic Lead Lead Standard Standard Companies Central Standard Standard bOO 1000 Q Crescent Eagle Eagle Columbus Rexall Rexall lOc Indian Queen Queen 2 c. c Park Bingham Bingham 1000 2 c. c Royston Coalition Coalition bOO 1000 Q Cc TUESDAY New Park Park c Park City Consolidated loo Consolidated c I New York Exchange Park Utah Utah BOO I I Silver Sliver King Coalition Coalition SHIPMENTS New Park I Silver King Coalition cons Park Utah Consolidated Park Utah Keetley 1 Total |