Show SILVER GOING HIGHER Some Marked Advances Now Being Be-ing Recorded OUTLOOK VERY FAVORABLE OF COURSE THE USUAL REVERSES MAY YET COME Sunshine Mill Will Be Built on the 200Ton Plan Will Be No Delays on Account of Water Contracts Great Record Made by the Alliance Alli-ance Xot a Share Yet Sold as De linanent Xotice of the Mcrcar Dividend Being Sent Oat 3Inm moth Investigating Committee Did Hot Report General Mining News Silver 63 cents and firmer That was the message which caused a great flurry in mining circles yesterday yester-day and carried with it not a little pleasure to the operators of the territory terri-tory and the west The white metal had advanced a clean half cent from the previous days quotation and for the first time since the first day of November 1894 were smelter settlements settle-ments made at figures as high as 63 cents All indications point to a still further advance and it is quite probable prob-able that Captain De Lamars recent prediction that within sixty days silver would touch the 70 cent mark Is about to be realized When making the statement he said he spoke from personal knowledge of the negotiations then on At any rate the recent advances ad-vances in the price of the metal have proven very welcome to the Utah operators and they are ready to receive re-ceive still additional upward movements move-ments of the quotation with ever increasing in-creasing pleasure On the general silver situation last week Duns Review Re-view says The silver bullion market has been strong all the week with a great many theories expressed as to the cause of the upward movement Several factors are believed to enter into the strength of the market Undoubtedly the most important is the bimetallic discussion which is causing large speculative purchases of silver in all the regular foreign markets with important buying i buy-ing of bars for future delivery The i importance of the discussion referred to upon the market may be inferred from the fact that the price has continued con-tinued to advance slowly although it is above the figure at which exports may be made with profit to the chief eastern silver using countries The weakness of the eastern exchanges has left the market at the mercy of American Ameri-can dealers and the smallness of the offerings here at the advance has constituted con-stituted the next important factor in the improvement Each day this week dealers have viewed with wonderment the small offerings on Londons bids Silver does not appear to be going into in-to storage in this city and the only inference left to the market is that it is being held back in the west Mexican Mexi-can exchange in New York Is 202204 at which rates there is no profit in importing im-porting Mexican dollars They are freely bid for at 49j cents In sympathy with the advance in silver Chinese exchange has gone up 2 cents since the first of the week being now quoted at 51 cents Local bankers bank-ers who write exchange on Hong Kong yesterday received notice that another cent had been tacked onto the quotation quota-tion |