Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-01-01
TALKS OF TARIFF
ON LEAD AND ZINC
President Of Machinery Company
Says Uncertainty Injuries
Mines.
SILVER MARKET A HARD sLos..


william l. saunders president of the
Ingerron-Rand Coo speaking Of the
general conditions OF the mining ma
chinerv international markets, says in
the Boston Financial News.
"rhe improvement In tho mining ma-
ohincry business since the opening OF
the autumn has been uncomfortable.
Speaking for ourselves we can say that
our production for the past year was
about 90 per cent of tho volume Of busi-
ness done ia 1907 The crest OF the
boom was passed long before the MT
chinery- makers had 10 reduce working
forces. Several concerns like ours
had contracts far ahead under way
when other channels Of commerce al
ready felt The falling tide. The fields
OF business for mining machinery
makers are 70 widespread and are gov
crncd by SO many variable conditions
that no man can prophecy what is like
~ 70 be- the actual condition OF trade
some months ahead.
"a number Of important mining in
terosts which a while ago were consid-
eiing the buying of new machinery, are
holding off from the market until such
times as the tariff matter shall have
been settled So long as mining men
are face 10 face with the likelihood Of a
reduction of imposts upon certain ores
and metals. they win not go ahead with
the plans made for the increase Of out
puts of lead and zinc and some other
metals. The lead and zinc miners want
higher mposts, as they have been him
dcrcd In development an recent years
through the large mportations Of lead
and zinc ores. II the inpost on lead
and zinc ores should be lowered, the
effect would be hard upon a number OF
mine owners OF properties other than
lead and zinc, as the decreased pro-
duction IN lead and zinc Will have the
effect OF giving much less business TO
railroads. and In thar way the costs OF
mining copper and other metals, aside
from zinc and lead, must go higher
IN order to give the roads revenue.
HOPES OF ORIENT.
The very low price OF silver Is a
hard blow to many mine owners. Some
experts In the silver business hold the
opinion that there is an overproduc-
among these are a number OF the best
informed foreign and domestic bullion
dealers. consider that when India and
China again enter the markets for sill
yer in large quantities there viii be
an upbound IN the price that VIII set
the best producing mines on a larger
dividend-p paying bass.
For gold production from United
states mines the outlook is bright.
a. Iaart. Il la
well. The amount OF work that has
been accomplished there IN developing
sound mines is highly creditable TO
both engineers and owners. The
amount Of good ore IN Esmeralda coun-
~ Is enormous. Gold mining has been
developed into an exact science. coupled
with the most approved methods OF
business.
INDIA COAL FIELDS.
''rhere Is little foreign business for
any OF our makers OF mining machin-
cry. Several Of the countries that stand
high as mineral producers are doing
little development work. About the
only foreign mineral industry In which
there Is much life at present IS the de-
velOpmcnt of coal fields In the central
province Of India. ! have today a let
ter from correspondent in that coun-
try who expects to place an order with
ue for coal mining machinery. lie says
that his company rs about 10 build 100
miles Of railroad to connect newly de-
veloped coal mines with "a trunk line
that can take the fuel 10 tldewater al
a low rate. The coal lands are owned
By natives who are TO be paid "a royalt,
OF 10 nc cents for each ton of Goa
mined. The coal is high grade bitumin
Gus. ana Is assured Of good markets fo
the shipping trade and FOR export IN
gold mining no advance seems 10 b
going on in India. IN fact, Asia is 20
Ing backward In the production OF gold
There h a good deal OF American ma
chinery in the Mysore gold mines and
Few other mines in the empire. but IN
prospect for further business in metal
81 working mines rs anything but bill
liant"