The diamond drill., 1919-04-26
TWO MINES CLOSE.


for an old one on iron piled up un-
der present prices after business
rights itself.
The result OF these curtailments In
Crystal Falls hit the community very
hard. but they can be endured easier
at this time than in the middle of
winter.
Will Pump and Sink Shaft.
The pumps will be kept In operation
at both the Dunn and the odgers
mines. 1t was rumored at first that
the pumps would be pulled at the
Dunn, but this, we are told by Supt.
Harrison, Is erroneous.
In addition, the sinking OF the shaft
will be continued at the odgers and
this work will keep fair sized crew
at work in that property all summer
The pumping operations indicate
that the suspension will be for no
longer a period that is absolutely
necessary. How long that will be is
a very open question. General bust
ness is not any too good notwith-
standing the optimistic dope that Is
being handed out by the heads OF the
big concerns who seem 10 be afraid OF
consequences politically should they
tell the truth. The same men who
are telling the public to buy at the
high prices will not invest "A dollar in
new enterprises other than minor op-
erations that are absolutely necessary.
Everyone is waiting for prices TO
come down. The slump will end
when people generally become CON
GAL TWO Dunn and odgers .......
vinced that prices are as low as they
will ever be under normal conditions
ing to lift ones self by our boot strap
ing to lift ones self by his boot straps
will bring prosperity back.
nigh Ndges are FOoieTS.
Under the present conditions in
the supply market the high wages that
workingmen are getting are simply
foolers; they do not make for the
acquisition OF any more money or
property to the wage Garner. In fact
the average workingman today is
simply handling more money than he
did when wages were lower and this
OF itself has tendency to make him
more extravagant. The average man
thinks that because he is getting 800
per day he can be little more liberal
and get more OF the comforts OF life
than he did when he earned by $500.
When IL comes to computing balances,
though. he finds that his $500 will
not buy him as much IN the necessi-
ties of life as his three dollars did
and that he is going behind his for
mer condition rather than getting
where he might save little more and
also spend a little more for comfort.
Food Prices Seem 10 Govern.
Food seems to be the key to the sit
uation and the IT, S. government in its
domination of the wheat market thru
the grain corporation. and the provis-
ion markets through its large pur-
chases OF those supplies have the
combination. AS long as the miner
has to pay $500 for -four that he
ought to get for at least $500 he must
get more for his wage in order TO
keep hunger from the door. The gov
ernment is said to hold immense sup
plies OF provisions in storage-pro-
visions the purchase OF which in
the markets caused the violent up
ward spurt Of year ago.
Some claim that the duty of the
government is to dump the surplus
provisions onto the market allowing.
of course. that there is a surplus.
now that the war is over and these
provisions are not needed thus
creating greater supply and break
ing not only the provision market
but also the coarse grain market
down, also. This would mean fnan-
cial loss to some Of the large pack
ers through which the government op-