Show Utah Hard Hit by Foreign Blows at Zinc Lead-Zinc Prices Utah's zinc lead-zinc industry has nas been teen crippled by foreign governments governments govern govern- ments menta and aDd producers of strategic metals dumping their low priced on the American market products According to Paul 11 II Hunt who recent recently testified in Phoenix for the Utah Utah Mining Association before the House Committee on Utah lead Small Business of 30 zinc sine o operators in an 1952 only eight eight stilt active six on a curtailed are basis Iy Uy March March 30 1953 approximately their matel 1600 men had lost jobs Mr Hunt quoted S. S II H. Williston Williston Willis Willis- ton chairman of the Strategic Minerals Committee American Mining Congress who summarized ed the situation by saying When want and urgently need metals we from abroad we do not get them and when we do not need them they come into the American market market mar mar- ket to depress prices and close closedown closedown closedown down domestic plants Foreign metal dumping in the past 10 months forced the price of lead down from c to a pound and zinc cine from 19 Vic c to lie Mr Hunt pointed out that most moat American mines cannot these theae operate successfully at prices D Domestic Shortage e I In tracing recent fluctuation of i ithe the lead market Mr lr Hunt Hun I recalled that In 1951 1051 t I ceiling prices price on sine zinc trove JIOIe w from c to 0 c while ioNian foreign p i n producers pro iwo the were getting e on 00 western European market ma mark Qt This made it impossible to 0 obtain doctor zinc doc for tor American requirements requirement and when use of zinc tine was wu curtailed men In industries lost their jobs In 19 1952 2 Hr Fir Hunt laid said European European euron Euro Euro- demand nand c ur zinc inc fell off and the United became a dumping dump dump- dumping ing gr Jn ground un li en dropped to 11 Ue lie while imports in Jo July WI r rose roM to w tF h ix a e ePaul Paul II n. Hunt sees lees danger to Utah in la mines mine closing dosing I I tons The years year's total was tons an increase o of 1506 over 1951 Despite a smaller spread f between be e. e tween foreign and domestic lead prices the lead picture closely paralleled sine When supply caught up op with demand foreign sources unloaded and imports Jumped from tons ton in 1951 to in 1952 1962 Mr Hunt said lops Hop for the tutu future of the th Industry in m. m d in to Utah and the entire country lies flea in is II H. R R. Mr Hunt said He Ho pointed out that this bill recently introduced in Congress through provisions that provide for a sliding eliding scale of import import im port taxes on lead and zinc can canI strengthen and stabilize the in industry in to a point that will wiil permit I re rei ire In 0 of foint currently I shut ut down mines |