Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-12-20
METAL DECLINE
HAVING EFFECT
All the BIG Producing Mines OF
Park City May Close.
Down.
NOTHING OFFICIAL OUT YET.
But Ha, Been Practically admitted
Po-eibuit, Of More Iinuc
suspensions.

THE steady decline In the price OF
silver and lead bias confronted che pro-
ducers of Park city and Tiutie with
some serious problems. the outcome
NJ which viii probably De Che closing
of the leading producers of lcad-siIver
ores about Jan. f. which includes INC
silver King. paly West, and Day
Judge
Although it has not been officially
stated. indications point to "a practica,
suspension of work at Park city This
is NOT very cheerful news for Che ciu-
zeps of the summit county camp. yct
% ebut-du,Vn fs almost sure to occur
unless there as better evidence Than is
now anparent of an early bettermen'
in metal prices.
while ihe mines of the camp are
probably making q little pronl even
az the present low morket prices i'r
Tho metals nome of them arc waNinE
very much. and the situation h's roe
solved itself into coId-blooded husi-
,... PROPOSITION. ore shipped must b'
Kent no To- a higher grade than foru-
criv aaa this requires Boo some in-
stances tho expense OF sorting.
20 there is any hositaucy ot all about
.ne management of the thre" big pro-
ssc.n~ mines OF the district closing
I'D ebop for awhile. q Is because of the
hardship that would come To- the men
r,nn,oyed ian the mines and those de-
rendont upon them. That IS the only
reason why the Park Cly mines are
operating today
ASKED MINES TO CURTAIL.
The smelling companies asked the
Park city mine owners TO curtah their
output some time ago, and az the time
The warning was given that II this
was not done In Park city, as well as
iu other camps. the inevitable result
would be a further lowering of metal
rices. Regardless OF this. the DAILY
West which rad been closed for some
time, resumed operations The deci-
sion % resume was hailed with salts
faction by the citizens OF the camp the
miners were willing 20 accept lower
wage; the merchants agreed 20 reduce
their profits on the necessarles of life
"a meet The existing conditions. The
outlook appeared bright and 90 seemed
that the camp would be- fairly prosper
Gus during the winter months, that the
dark cloud which had threatened dis
tress had been lifted.
SHUT DOWN LIKELY.
But for some days past there have
been rumors of "a possible shutdown on
the beginning OF the new year. one
prominent Park city producer said to-
day. Il have reached the conclusion
that N the lead-silVer mines shut down
tight FOR "a few months % Will De- the
quickest way t1 obtain "a better price
for our product There is no over-pro-
duction of lead and there Is only "A
temporary lull I'm the demand Tor &C.
After a little while the demand viii in
crease and it looks 90 me like throwing
money away by trying 20 operate under
the existing conditions"
David KCith. president. and Thomas
kearns, manager are now hurTying
westward from New York IL is said
they cut their stay short for the reason
that 70 has been decided To- be good
business policy Co shut down the silver
King mine for time. or at least 10
educc the output to "a minimum. but 10
DO The latter would only increase the
operating costs and amount TO- reducing
realizing anything from lt.
There ts some talk OF closing "a few
Tintlc minos. too. FOR with but few cX-
ceprons. can they make money under
existing conditions