Show Foreign Metals Murder Prices While lead production in the United baited States continues at levels of the Great Dl Depression years years' qt 33 1932 and price falters the federal fed eral oral government continues pur pun purchase purchase chase of the metal a at taxpayer er expense from foreign nations The Gu Guatemala Economic 1 con m I c Newsletter 1959 discloses discloses dis closes that Compania de do operating sll lead UT ter mines In III the he Huehuetenango area has a u contract with the American General Services Service Administration Ad ministration for for- sale of lead bul but bullion lion metal running funning to June 30 au 1950 Investigation of Contracts Contract The silver Bliver extracted Is s sold by hy the company on Its 0 own n account ac acv count the Newsletter continues The rhe firm ships about tons tans of concentrates a mouth month I Investigation by The discloses that this contract signed sign sign- ed by representatives of the fan Tiu I man Administrations Administration's State Department De De- In the guaran tees teed the the- Huehuetenango a u I of 17 17 Va i cents a pound Iund for hIM Th U Th us u.s. l' l price for tor r f lead Is now 11 cents and the industry reports report low alow demand and ml a II faltering quotation Production of the SOO tons of lead ead If ad concentrates is equal to about bout tons monthly of ot l lead ad bullion This U is greater monthly output of the single remaining re rev prod producers In Utah's Park I City District Mexican Interests Interest It Is also reported that the Ute company is controlled contro by Mexican Med Meat can cult interests with Whom former I Mexican president Miguel Ale Ale- nau luau Is U as associated So is I's not owned Guatemala Production from the mines has bet beNt sporadic In recent recent years year allegedly because management was wall more Interested In la high grading io o carry carryon on needed development devel ol work This situation has hall been remedied reined remd led in recent months and aid the firm la is now fully back in business selling lelling the unwanted unneeded lead to American taxpayers The United State States government Itself eliminated purchase purchase pur chase chae of domestic lead lead for tor all sU practical purposes two purposes two two- years ago Tax Money Mony Mon Wasted Waited ue Represents an aa other historic example of the fed federal oral eral government and the tho tat state de- de I profligately w. w wasting the money of the American taxpayer and lUng contributing in to other ways waY's 1 to the liquidation of domestic mining wining It cannot e even even n be argued that the 1950 was venture 88 in to anyway successful In a Voiding a g Ism in Guatemalan Q 8 nI P- P ism did arise j a ti fe years years r the republic only to tobe be a sPit t i tiby b by the p t nV selves ves In all ruess fairness it must be stat slat stated ed that the fact that the State Department that happened to sign the Huehuetenango contracts was under Truman administration la Ui lano f no way absolves similar actions I Iby by succeeding admin Similar typo t fore foreign gu contracts affecting uranium tung tungsten tello cobalt mercury fy etc have been signed by other agencies agen des cies ot of the gover government ment In rn Washington Wash ington since Mr MG Truman left of ice fice The liquidation of ot American mining Is is Indeed 1 a bipartisan t foreign affairs affair effort these days ln in the nations nation's n capital capital Ra Robert RobertV W W V Bernick Tribune Du lne Editor Editor a |