Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-10-05
SHAPING UP FOR
A SHUT DOWN
Smelling Companies Urge Pro-
duCers of Lead Ores to
Curtai Output.
WHAT Mr.. BAMBERGER SAYS.
says There VIII Doc Uard-hip- ENucri-
cnccd This Winter--Cougcs-
ton at Smcltcrs.

That things are shaping up for o.
shuttine down of more mines in this
state is growing more evident each day.
Tho big smelling companies operating
lead furnaces have sent out notices 90
their clients. urging them TO cut down
shipments of ioad-siiver ore and this is
taken by some Co mean that unless the
request is complied with, the result
win be a peremptory demand 60 do
SO.
But the outcome Of the present situ-
alton is believed to Doe simply this Ihdi
there is going TO Doe less demand Tor
labor in the mines during tha coming
winter or until there ls readJusi-
mcnt and "a clearing up Of the uncef-
taintv OF the metal market 10 be-
ho0ves those who make their living by
working m tha mines. mills and smeli-
Crs To- adopt CD policy of economy, iof
the warning has been given aud WINE
q is hoped conditions VIII not r.tcn
the extreme. yet 10 is well for them
a. be prepared for anything that might
happen The curt1Nment that has ole
ready started m Bingham. is almost
certain To- spread 90 other mining camps
m Utah and adjoining states
SAYS MOVE rs RIGHT.
One mining man. j. r Bamberger,
president of the Daily west Mining
company. believes the action taken by
the United states and other amel,era
towards "a reduction On the production
OF lead and silver ores. have taken a
step On the right direction. "At this
tine OF the year. said he today the
demand for lead usually slackcn5 ana
q weakening of prices naturally iol-
lows While ! had no idea that lead
would drop 500 "a ton iu the short time
it has yet / have been anticipating
something OF this kind. II Is Nood
idea Tor the producers of lead ores 10
slow Gown a little until the situation
improves
MINES WILL CLOSE.
"The way thugs are looking now. !
feel certain that great many mines
VIII shut down within the next Jew
weeks OF month particularly the
hand-to-mouth propositions which have
been operating on a low margin of
profit Hundreds 90 men win Doe thrown
out of employment and undoubtedly
this viii bring about much suffering in
certain localities during the coming
winter, because OF the hiGh cost or
living.
while the outlook for the immediate
future IS FAR from being satisfactory
/ am optimistic enough To- believe that
this condition viii not last long. But
in the meantime we should be- careful
Particularly those people who have Co
depend ON what they get In wages 90
get along.
"On the whole the country Is IN "a PROS
porous condition. We have bounteous
crops everywhere and when they are
marketed we should have more money
An circula ton. Investors have become
frightened and whenever they recover
from the lack of confidence in mining
and industrial enterprises we viii see
return 20 normal conditions
AN ORE ACCUMULATION
Prom another source it has been de-
clared that the yards Of both the
Emitted States ana American Smelling
a Refining companies at Bingham
Junction and Murray, respectively
are filled with ore. The bins are over
running with 90 and there Is a vast ac-
Cumulution piled up in almost every
available place about the premises.
Because of this congestion, each of the
smelling companies has had 90 bear
heavy expense iu the way of demur-
RACES each month. because of the iu-
ability 10 move or unload cars prompt
ly. With much conditions as This cN-
isting. the smelling people want
breathing spell They desire to get
rid OF the vast tonnage of ore pur-
chased when prices Of the metals were
higher than they are noF aud ~luNert
the same into cash and stop further
accumulation Tor tie at least