Show PRESIDENT PRODUCERS association DISCUSSES OUTLOOK FOR SILVER the low market price for silver and the high cost of its production is resulting in straight silver mines producing only one third of the american silver output according accordia 6 to AV mont ferry of salt lake city utah president of the american silver producers association and the silver king coalition mines company in discussing 6 the silver situation in the december mining congress journal mr ferry states that the balance is produced as products byproducts by of copper and lead and zinc mines if they choose these latter mines mines may c harge charge 6 all their mining costs to these metals and regard their receipts from silver as velvet says mr ferry b but the silver mine must charge expenses to silver alone at the present market price the silver mines are facing a serious situation mr ferry does not anticipate any material increase in ill the market price of silver in the immediate future nor does he fear any material reduction there may be a tendency toward a higher b level he says the arts and industries are consuming consuming more and more silver 6 As 60 per cent of the annual production of silver goes into business as money mr ferry says the hope that more s silver ilver will be used as money causes many to believe in the f future of silver it economists and financiers of international reputation say that the economic burden upon gold is becoming unbearable and that some time in the future an international conference will seriously consider the matter says mr ferry while is dead at least for the present it is probable that silver may be called upon to play a part in the financial systems |