METALS: Climbing Prices

In Park City, Utah last week, people were hustling about with a vigor not seen in two years. Old residents were returning because United Park City Mines Co. was reopening its big lead and zinc deposits. The mines were shut down in 1952 for lack of demand, and half the population of 4,000 had left town.

The decision to reopen the mines was the result of the Administration's announcement last month of a sharply increased stockpiling program for both lead and zinc. There was hope that Government buying would raise the price of lead by 1¢ to 15¢ a lb.,...

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