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Show SILVER AT LOW POINT j i Lowest Price in History of Metal in London. REASON FOR THE DECLINE Payment of Heavy Chinese Indemnity Indem-nity Incurred by China in the Recent Re-cent Boxer Disturbance One of the Causes Demand on Continent for Mintage Purposes Also Has rallen Off World's Production Said to Havo Been Considerably Dectoase Heavy Deciense lit Exports. New York, Nov 1 -R-ir silver In lion.l'in has sold at 23 3-IihI ir otin.e, the lowest price In tho history of the metal Por several dass past, pass the Journal ot Cnmtner.e, the quotation has been hntiRlng around J1 S-16d 3SVI The quotation of 21 5 ltd was established estab-lished oil MBS 3rd of this Sear but from that point there waa a moderate lev-overs, lotn hlmt SI JW nn Juls loth The quotation then renwlncM nt fractions above 24il until Hcptember 6th whin It fell to ,'3'inl slim when it has been kiaduills earning The principal explanation for the eur-lent eur-lent low price or the inenl 1 nppnr-entls nppnr-entls to be found In the muses whl.h have In en slcndlls for. lug the quota Hon down for several stars Chief among- these Is the pnsinent of the heavs Chinese Indemnils lm urred bs China In the re.ent Chinese llnxer dls-ttirhtmp dls-ttirhtmp This liidcmnlts is .olleited in silver niul deposited wllh the Urge banks whl.h ait as the lleral agents In China of the various tlovernments to which the Indenmlts l to be paid These banks hive little opportunity to ship the metal but Instead remit through the foreign exchange market. selling their silver In Chlnn. If 10m-merclal 10m-merclal condltluurt were better It woult seem that this ii.cuniiiHtlnn of silver oultl agiln bo distributed throughout the countrs The demand on the continent for mintage purpnees also has fallen off perceptlbls laical members of tho sll-e sll-e trade ascribe the decline In the metnl to this shrinkage In dctnand and not to nn Increase In production indeed in-deed It Is clnlmid that the world's pro-ductlon pro-ductlon of sliver this $enr has been considerably .let reused Rxports of the metal from New York, vvhl. h handles n large part of the export business, have shown a heavs decrease, amounting amount-ing to over 110 noo 000 imports at the same time have decreased from about 3:400on up to this date last sear to IDiO 000 from January 1st to Octobei Ist of this sear |