Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1907-10-10
SHAPING UP FOR
A shut down
SMELLING COMPANIES UDGE THE
PRODUCERS OF LEAD ORE
TO CURTAIL OUTPUT.

mat Things are Shaping up LOT
shutting down of more mines in this
state is growing more evident each
day. The big smelling companies
operating lead furnaces have sent out
notices to their clients, urging them
to cut down shipments of lead-silver
ore and this is taken by some to
mean that unless the request is COM
piled with, the result will be a per-
emptory demand to do So
But the outcome of the present sit
uation is believed to be simply this:
That there is going to be less demand
for labor in the mines during the
coming winter, or until there is a re-
adjustment and a clearing up of the
uncertainty of the metal market. 1t
behooves those who make their liv-
ing by working in the mines, mills
and smelters to adopt a policy of
economy; for the warning has been
given, and while it is hoped condi-
tons will not reach the extreme, yet
it is well for the INTO be prepared for
anything that might happen. The
curtailment that has already started
in Bingham, is almost certain to
spread to other mining camps in
| Utah and adjoining states.
One mining man, j. E. Bamberger,
president of the Daily West Mining
company, believes the action taken
by the United States and other smell
tiers towards reduction in the pro-
duction of lead and silver ores, have
taken a step in the right direction.
AT this time of the year," said he
slackens, and weakening of prices
naturally follows. While | had no
idea that lead would drop $40 ton
in the short time it has, yet | have
been anticipating something of this
kind. 1t is a good idea for the pro-
ducers of lead ores to slow down
little until the situation improves.
tThe way things are looking now,
| feel certain that a great many
mines will shut down within the next
few weeks or NOTWITHSTANDING
the hand-to-mouth propositions
which have been operating on low
margin of profit. Hundreds of men
will be thrown out of employment
and undoubtedly this will bring about
much suffering in certain localities,
because of the high cost of living.
While the outlook for the immed-
late future is far from being salts
factory, am optimistic enough 10
believe that this condition will not
last long. But in the meantime we
should be careful. Particularly those
people who have to depend on what
they get in wages to get along.
On the whole the country is in a
prosperous condition. We have
bounteous crops everywhere and
whe nthey are marketed we should
have more money in circulation. In
vestors have become frightened and
whenever they recover from the lack
of confidence in mining and indus
trial Enterprise, we will see return
to normal conditions"
From another source it has been
declared that the yards of both the
United States and American Smelling
and Refining companies at Bingham
Junction and Murray, respectively,
!, are filed with ore. The bins are
overrunning with it and there is a
vast accumulation piled up in almost
every available place about the prem
lses. Because OF this congestion,
!, each of the smelling companies hae
, had TO bear a heavy ypense in the
way OF demurrages each month, be-
cause of the inability to move or un-
load cars promptly. With such con-
4 ditions as this existing, the smelling
, people want breathing spell. They
desire to get rid of the vast tonnage
of ore purchased when prices of the
: metals were higher than they are
now and convert the same into cash
and stop further accumulation for a
time at least. -Deseret Mining News.