Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-12-23
OUTLOOK DARK
FOR LEAD MINES
David Keith Fears il viii be Nee
eSsary to Shut Up Shop
AT Park City.
THE LID is ON AT STOCKTON.
Tintic Producers Have Serious Prob
lem 20 SolVc-Mctal-
lower Today.

"l don't know whether 70 win b. nee
/ essary to close the mines OF Park city
| on not" Is the way David Keith. presi-
dent OF the silver King Coalition Mines
| company expressed himself today when
asked about the report that the new
year would Doe usherod IN with every
property ln the Summit county camp
out OF commission. 81 don't want TO
see them closed. but unless there is "a
/ change for the better very soon / see
no way out OF &c. with the metals as
they are. there certainly d. no money TO
De made by keeping the mines in OPP
GRAFTON and IL seems to me like throw
ing the resources OF the mines away
Co continue To- operate under present
conditions I realize what 90 means TO
The miners and those dependent ON them
Co close down at this time OF the year.
! sincerely hope 60 viii not come TO that.
but 7 must confess the situation is not
encouraging"
Manager Ernest Bamberger Of the
DAILY West Mining company expressed
himself in about the same manner to-
day ana indicated that while 90 had
not been positively decided 20 cease
operations ON the FIRST Of the year. such
a thing is possible II was stated by
person who is IN position 70 know today
that meeting OF the operators OF the
district would probably De held today
%. tomorrow when the matter viii final
ly be decided. There as no denying the
fact that the outlook for Park city Is
FAR from bright right now. but 10 is
no worse for that camp than for some
others in the state.
STOCKTON DOWN TIGHT
In stockton. for instance. outside Of
the assessment work being done at this
time, the camp is entirely inactive The
New stockton Mining company has cue
on its ore shipments; has discharged
the men employed in the mine and mill
and outside Of the watchmen into
whose custody the properties OF the
company have been placed for the time
being, uo one Is employed.
General Manager Tronam assigned
the low metal prices as the reason for
the shutdown. III we are a manu-
featuring enterprise said ne today.
II would feel that we ought 70 keep
going even n we did not any more than
pay expenses; but / deem a mining
enterprise entirely different Every ton
Of ore taken out Of mine dimiuishes
the assets Just that much. Il would
be unjust 20 shareholders Il seems to
me. 90 throw their property away, for
that is just what 10 would amount to
III we continued 90 operate under pres
eut conditions and ] am not unmind-
ful Of the fact that 10 close down now
Is sure 20 work more or less hardship
on someone. But II an the lead-silver
producers would shut up shop for
awhile. the stock OF metal would soon
be used up and we would have a re-
turn 10 better market conditions in
short order"
TINTIC UP AGAINST 1T.
Tho same serious condition confronts
the operators OF the Tntic mining dis
trict. and no doubt the meeting Of the
Mine Operators association called for
next Friday viii be one Of the most i'm
portant ever held by the members Of
that association. There win certainly
be a reduction I'm wages, If nothing
worse
Excepting for copper. the market
conditions were not improved today
Lead Is quoted lower and there is no
Improvement I'm silver Copper, an
grades, were advanced a quarter Of a
cent a pound