Show BIG SILVER PRODUCERS OF AMERICA NATIONAL OUTPUT d AND RECENT PRICE LEVELS While hilo Anaconda is I the largest In Individual In- In dl mining company producing silver r. r yet the American Smelting Smelling COlli company pan is the premier yield yield- cr of or the white met metal La Last l year ear tho the American n produced uce l 7 ounces compared with ounces In 1917 declares the tho Well Street JournaL Journal Tho Til lar largest est silver sll producer on this continent Is U. U S. S Smelting lii In Ins Si Mining company But most of or orIts Its silver comes from mines owned in Mc Mexico Last year ear this com company pan produced pro pro- cd ounces This year re It Is Ise e estimated matea It will produce at least 20 ounces of which CO GO per pcr cent TV will III come from Mexico Third largest producer I la Is Anaconda which supplied last t year car ounces as a product by of ot Its Its' copper 0 ore re The recent rise in the stocks of or these there and other companies reflects reflects- the promIsing promising promising prom prom- ising outlook for a high silver market for rr month months If It not years ear to com como come Senator Sea Sen ator recently declared that the now law lai and the world-wide world demand for the metal would woul keep Jeep silver above 1 1 for the next twenty years Production of oi silver in the tho United States an and Mexico aJ aggregates rc about ounces annually About ounces is it produced in Can Can- ada 1113 are given some come of or the chief producers of or silver in the these e countries coun coun- tries States Slates Ounces Am m. Smelt Refining U U. S. S Smell Smelt Ref nef l lIn 65 Superior Phelps Dodge lodge Co 27 Cananea Greene 2 Tonopah Calumet Arizona Tonopah Belmont North orth Butte East Butte 18 Jim Butler and antI Tonopah M M. I. I n Eagle I fc Blue Bell Utah 18 8 Utah Consolidated ted Old Dominion Shattuck Canada 16 Kerr Zerr Lake 58 La Rose Roso Tho prevailing pre price level lc of or silver compares with a low how of oC about 85 cents earl carl early last year e r. r before betoTe the n act was pas passed ed and an average a of or 55 cents In 1914 At present prices therefore there fore silver has about aboul doubled since th the tho war ivar val The price of ot silver started to climb from below 50 cents In 1915 1915 un until until un- un til It touched 1081 IOS in September 1917 Under the lie effects of or tho the Pittman act and the subsequent regulation of or th this tho federal reserve board last August th the market price rested at al In NewYork NewYork New New- NewYork York and a corresponding level of ot 49 d. d in London Tho The following table compares s last years year's hl highest hest quotations at New York and London with high levels leves reached previously during tho the war period N. N NY Y Lond London November 30 30 1915 27 7 3 6 May Ia 12 I 12 1916 37 d Sept September 23 25 1917 i 55 53 d The present situation In silver has hall of or course been brou brought ht about primarily through the Increased Oriental d demand mand coming on top op o of reduced production due duo to hl high h costs scarcity of oC labor and transportation difficulties arisIng from tho the war This Thi affected both gold ld and silver sliver and was a a. world wide problem problem lem hem so o much so BO that gold old producers In the United States and the tho British Empire 1 Importuned their respective governments to grant a bonus or subsidy subsidy sub sub- sid sidy on output put output which was wisely re refused refused re- re fused on economic principles Gold nod mid Ml cr r Compared Output of or gold In tho the United States for rOI 1918 namely was 15 1 less hess than that of ot 1917 and was vs as the lowest production in twenty years ca Silver S mined last years was only 67 fine ounces ounce valued at the governments government's gov gov- o buying price of 1 1 per ounce as compared with 71 j ounces produced in 1917 a reduction of or l O ounces the smallest output sine a I 1913 9 1 3 The worlds world's output of ot gold and silver during the tho past ten years ears Is be- be low 10 0 iv Gold U. U S. S Total OZ Total Ya Val 1918 j 1917 i ilO 10 1916 1913 1915 01 1914 1911 1 4 1913 t 4 99 c 1912 12 2 1911 jolt g 1910 1 1909 0 f 4 96 Sliver r 1915 I- I s' s i fir t. t tf A 1917 V i. v d H V. V 9 I 1916 1116 J. J 1913 1915 f 1914 91 3 8 In 1915 1 UH 1912 V f. In 1911 1 1910 1009 1909 11 Estimated i In the early stapes stages o of tho The war the th fall Call off orl In silver production wa was mo most t pronounced In other parts of ot the world In the United States Slates production showed a marked increase In tho the latter Ita stages es of the war however and after alter wo We en entered entered en- en en- en the conflict production fell off ocr offin offin in the United States but In other parts of or the world output appears to have ha been maintained on the whole ole The valuation of or last Jast years year's total tots output out put at is the tha highest an annual annual an- an nual valuation on record This of course Is due to te the higher price for tor sliver silver The amount of 01 ounces produced In the world last year ear was as little more mor than it Jl was In 1914 and considerably le less 3 than In previous pre years ears Mexico Increased production last lael year yearby yearby yearby by nearl nearly ounces We might look for or some relief from Mexico In the tho near future if It the outlook there were ivere at all encouraging |