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Show BOTTOM AT PRESENT President of Nipissing Company Believes Metal Will Not j Go Lower. From the way western circles are dc- ' ploring tho silver situnliou, and from the doleful and direful predictions in which so many aro indulging, one would think that silver is experiencing its first setback in price. E. P. Earlo, president of tho iMipiesing Mining company, com-pany, has given out a statement in which ho sends more light into the dark corners, for ho is of tho opinion that; tho white metal is now rubbing bottom. "TVith silver around 4S centB an ounce' said Mr. Earlo, "I believe that tho metal reflects tho samo comlhions that prevailed in the copper market a yoar ago, whon copper was quoted at 32 cents a pound and shrewd buyers were tho only ones who took advantago of tho metal drop to make actual or spcculativo purchases. I believe that tho silver market is at present in the samo postion, and with tho production falling off from week to week, duo to tho mines' restricting output and to tho few western shutdowns that arc developing, a reaction is apt to develop at almost auy time. This dcclino has been severe, representing a drop of 3o cents an ounco within a yenr, and it is perploxing to note il when the country is producing at least 10.000,000 ounces less of the motnl than us normal output. 'Wc aro selling very little silver bullion at present prices, and have cut down production to a point that meets our dividend requirements and something some-thing over. Our faith in tho market and tho information wo have at hand concorning its prospects has prompted us to take that position, just as some of tho big copper oompauies last year refused to Sfll any copper during the slump. The dcclino with all the Cobalt producers is shown simply by a decrease iu tho margin of profits, as silver is producod thorn at from 5 to S cents an ounce. Notwithstanding the dcclino, the Cobalt mines .Tre earning their dividends, divi-dends, and most properties arc curtailing curtail-ing production rather than increasing it New York Mining Stocks. .Tamos A. Pollock & Co., bankers and brokers. 6 West Second South street, fur-nlsh fur-nlsh the following over their private wire: LISTED STOCKS. ' Salcs. II. L. ICUc Newhousc -100 fii G 6 Utah Copper 200 48i 4Si TcniicPariQ Copper ... 2,000 45a -Ua -5j NEW YORK CURB RANGE. 1 Salcs.l II. L. IClso Cumberland Ely J 1.5001 Si Si Si Ely Consolidated "200 17c 17c 17c Dominion Copper ... 100 I 1 Gremo G. &; S Sc 5c Sc Nevada Utah 2,000 3i 3 3 Nevada Smelter S00 li li 11 Mitchell i i 2 Glrou.v Con 500 6J 68 68 KhiK Edward 400 li 1 1 Tlntlc Minim? IS 4i 4i First Nat1 Cop 1,000 7 7 7i Boston Con , 163 163 162 Nevada Con 600 193 191 191 I Yukon Gold 140 42 4J 41 Montj?y. Shoshone l 1 1 Miami Copper 1,200 13 12 13 Cobalt Central 42,000 61 60 61 El Razo 500 4 4 4 NEW YORK CURB CLOSE. Bid. Asked. Butte A London 5 3 Cumberland Ely S Si Glroux Consolidatod 61 63 Nevada Consolidated lfti 19 Nevada Utah 3 3 1-16 Nlplsslns 10s li Ncwhouso 6 6i Tennessee Copper 45J 451 Utuh Copper 473 48i Davis Daly 3 3i Dominion Copper E 3 Ely Central k 3 Ely Consolidated IS 22 Furnace Crock 13 15 Greene G. & S. Com 5 S Mitchell i 2 Montgomery Shoshono .... 15-16 1 Nevada Smelting 18 IJ Silver Queen I 1 1-1G Silver Leaf 13 IS King Edward 1 11 Foster Cobalt 38 45 Greono-Cananoa 11 Hi El Rayo 4 4j Cobalt Central GO 62 McKlnley-Darragh 1 1 1-16 Tlntlc Mining 4J 43 Gibraltar 3 4 First National Copper - 7i 78 Boston Con , 1G 163 Yukon Gold U North Butte Extension ... o" 6 Salt Lako Copper 7J 7J Miami Copper 123 13 B. S. Gas , ij 15 . Ponna-Wyomlng 16 in |