Show I TOOK A MIGHTY JUMP Silver Was Yesterday u Great Suri prlso to All Silver surprised the talent yesterday by making the heaviest dally advance in sev where It eral years and touching a point ha not been since the first day of September Sep-tember of last year 65i cents This w an upward flight of a cent and five eighths and I rather staggered the operators oper-ators of this city and territory Many of them were of tho opinion that the quota tion a a hoax or that on the other hand a mistake had been made in transmission trans-mission They could hardly believe that the metal would take such a jump and it was only when a dispatch confirming the first report was received that all doubts were at rest The advance meant much to those mineowners who wero on the market with concentrates or ore and it also meant that the payments of the smelters were consequently materially higher than would have been the case had silver maintained its Fridays quota tion A slight move either way means a great deal to both the smelting people and the producers A New York dispatch received last night conveys the Intelligence that the advance was due t < > the granting of an armistice and the renewed hope of a declaration of peace between China and Japan on terms which will compel China to pay a heavy indemnity thereby requiring her to come into the open market as a buyer Of silver I Is also anticipated that with the close of the war a revival of business will take place causing an increased demand de-mand for silver There are also other causes contributing to the upward movement move-ment of the white metal but those in connection chief with China and Japan are the |