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Show Immense Shortage of Silver for Trade Use i ; LONDON. Feb. 24. Use. of the Bll-, fiver fi-ver standard in oriental countries, con- u pled with the enormous commercial expansion now in progress between 1 the West and the Eant, indicates that . a thero is an immense shoitago of sil-jW ver to meet the demunds of the trade, a says the American Chamber of Corn-. mercc in London. j B One result of thl3 shortage. Bays tho ft American Chamber, is. that American q and Mexican Bilver mines may look c forward confidently to an era of un- Drecedeuted oroanerltv for many years , to come. Silver, it is understood, must also be found, to back over $30,000,-000,000 $30,000,-000,000 worth of paper money issues floating in Europe today, in addition to which America'? Increasing volume of trade with India and China calls for almost unlimited supplies of the metal. The United States and Mexico furnish fur-nish nearly three-fourths of the world's yearly output of silver, tho larger portion por-tion coming from the United States. As tho price of the white metal advances ad-vances it has become profitable to most countries to convert minted sil- ver intp bullion. Small "change" continues con-tinues to disappear on I he European continent with remarkable rapiditj, postage stamps largely replacing the former sdver coin of small value, j The United States is said to be the lone country in position today to buy silver for coinage without debasing its standard coins. fil |