Show SILVER STILL STIft ON THE TilE JUMP Metal Passes Mark Mrk and Is Ex Expected E Expected to Reach Beach Higher Prices Yet YetOn YetOn YetOn On his western trip tip about one year yea ago Daniel Guggenheim made the prediction that silver siver would go to Lo 70 cents an ounce The he metal had then commenced to break breal breakaway breakaway away from th quotations that had long been under the mark and he then declared that the government would sooner or later be compelled to go into the market just as a It has done during the last few weeks Mr Guggenheim Gugenheim pointed out that foreign demands for the metal were Increasing that they would continue to increase until 70 cents an ounce or better would be reached and andIn andIn andin In his judgment be maintained As then predicted the government has gone to buying bu silver siver at the t o rate of or 10 0 ounces a a month and tile the price has ad advanced advanced advanced until yesterday it had reached 68 GS cents per ounce That the other 1 F 17 cents cent will wJ be added during the next few weeks is the opinion of those best posted on metal market conditions Financial publications have been tell telling tel telling ing for months that India India had been drained of its is silver and it is no longer longera a secret that large quantities of the white metal are being purchased to sup supply supply supply ply the pressing needs of that country countr China Japan and Russia Russia are ae each where they the require more of the metal than is readily obtainable and arid taken altogether the outlook for the future could hardly bo be brighter than it is Utah mines are already feeling the stimulus that advanced prices in the metal Is bringing and every over cents ad advance adVance vance ance means to them an average of not far from 50 5 cents a ton on their ores Lead is also up to the highest mark mak it ever attained and copper seems to be beheaded beheaded headed for higher rather N than lower Jower prices so nothing short of ot a n national ca calamity calamity calamity lamity it would seem can head off a period of even een greater greter prosperity in the mining regions than they have been en enjoying enjoying for more than a year ear I |