Show OUTLOOK FOR SILVER NOT discouraging A new york financial writer reviewing the silver situation in the daily press of the ath makes it appear that the termination of the pittman purchase act is not 6 going to badly disrupt the market for the white metal he says that due to a steady inflow of orders from china and india a strengthening of the london market and the forcin forcing cr out of speculators foreign silver price in new york has re turned to 68 38 3 8 cents an ounce the figure at which it sold on march 31 before the announcement of the suspension of purchasing under the pittman act on or about july j lot 0 f this year the price is now at the high of the year from the low of february 3 there was a steady increase in the demand and the price until march 27 when the high 1 tor for the year was established at 68 68 6 8 cents A few days later when it was selling at 68 38 3 8 came the announcement from om the hector director of the mint that silver purchases under the pittman act would be completed about july 1 as the y government had at that time oz of silver on hand out of the ounces that were to be purchased with the mines in the united states producing silver at bet ter than ounces a month had this writer allowed lor for the full amount of which evidently the government will have to take it is evident the situation II 11 would woul have looked even better to him i fi |