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Show LONDON OPINION OF THE SILVER OUTLOOK The London firm of Samuel Montagu & Co. has issued the following statement in regard to the sliver situation: A good demand for India has easily absorbed tho moderate amounts offering, of-fering, and the cash price, which was fixed at 273d from the 11th insl. to the 15th, inclusive, has since risen to "Su-16d. the highest price quoted since May 13 last. The market has displayed inherent strength of late, and a contributary cause is the fact lhat, In many quarters, it is considered consid-ered probable that the Tndlan government govern-ment will be forced to buy at a much oarller date than was at one time deemed likely, even if It has not already al-ready anticipated some of its future requirements. Another factor to be considered Is that there still remains open a bear account, built up by Indian speculators specula-tors who are now becoming rather fidgety as to their position, especially as tho monsoon news has been so satisfactory. Prospects, therefore, for the near future cannot be regarded as being otherwise than favorable. Tho Indian currency return cabled on the 17th JnsL showed a further large decrease In tho holding of silver rupees, namely, 120 lacs. The total .holdings of silver, including that In tho standard reserve, is now 2210 lacs, as compared with a total of 1600 lacs at exactly tho same da to last year. At the latter date, however, the Indian In-dian government, as disclosed in the "Government Wliito Paper," has purchased pur-chased silver to the total value of about 4,800,000, or the equivalent of a-bout 1090 lacs of coined rupees, no portion of which figured in the above mentioned 1000 lacs. Comparing this year's shrinkage in tho total of tho silver reserves since the beginning of August with that of 1912, it is found that the amount is Rs 520 lacs, against Rs 355 lacs, or 165 lacs more tills vcar than last year. The stock in Shanghai has fallen slightly In value from 6,215,000 to 6,210",000, while that In Bombay has risen from 380,000 to 415,000. The daily offtake at the latter place has dropped from eighty to seventy bars. Nevadas in San Francisco. James A. Pollock & Co., investment brokers. 169 South Main street, furnish the following, received over their private wire yesterday afternoon: 1 Bid. Askcd. Goldfleld district-Atlanta district-Atlanta S .14 $ .15 Booth 02 Blue Bull 04 .05 C. O. D 03 Combination Fraction 04 Daisy 03 Dlamondfleld B. B. ...... .01 .03 Goldfleld Consolidated ... 1.42J 1.50 Kewanos 02 ,03 Jumbo Extension 12 Lone Star 03 Merger Mines 14 .15 Oro 07 .09 Silver Pick Consolidated .05 Vernal .96 Yellow Tiger 03 Manhattan district Big Four 25 Dexter Union 02 Gold Wedge 06 Manhattan Consolidated .. .03 Manhattan Dexter .03 .04 White Caps 09 Comstock district Consolidated Virginia 15 .16 Hale and Norcross 09 Ophlr 21 Savage 12 Sierra Nevada 11 .12 Union 10 Tonopah district Belmont 7.00 Boston , 03 Cash Boy 07 .08 Gipsy Queen 03 .71m Butler 65 Tonopah Merger 69 .70 Midway .41 Monarch Pitts. Extension. .07 .OS Montana 1.10 Mizpah Extension 38 MacNamara 11 North Star 39 .40 Rescue Eula 11 .12 West End 1.65 1.60 Other districts Pittsburg Silver Peak. 85 Round Mountain 40 New York Mining stocks, James A. Pollock & Co., Investment brokers. 169 South Main street, furnish the following, recoived over their private wire yesterday afternoon: NEW YORK LISTED STOCKS. I Sales.j H. 1 L,. Clse Chino 3,400 413 40B 40J Inspiration 300 16 16 1C Miami Copper 400 23 22J 23 Nevada Con. 1,800 161 16 161 Ray Con 400 19 185 19 Tenn. Copper 600 311 31 311 Utah Copper 2,200 S3 522 53 Studftbakor, com 24 21J 312 Ontario Silver 3 2J 3 Alaska Gold ., 2,600 238 22j 22j NEW YORK CURB RANGE. 1 Sales.l H. L. iClse tMason Valley 700 -U 4 4 Braden Copper 2.100 7iJ 7J 74 Ely Con 1,800 6c 6c 6c Nevada Hllla 500 S9c 89c 89c Kerr "Lake S00 4 35 4 Belmont 100 7i 7i 7h Tonopah 42 V, 4 Goldfleld Con 300 H 14 14 Con. Copper J, 000 f)j 3 3j NEW YORK CURB CLOSE. I Bid. Askcd. Ely Consolidated ? .06 5 .08 First Nat. Copper 3.121 3.25 , Giroux Consolidated 1.12J 1.25 3'ukon Gold 2.11 2.37J New Keystone 1.37j 1.75 Nlplsslng 8,50 S.62J Ohio Copper 374 .50 Ta Rose 2,06 2.20 South Utah 121 .25 British Col. Copper 2.50 2.75 : Bay State Gas 30 .45 Briidon 7.37J 7.621 Nevada Mills SS .91 lOnlarlo 3.00 1 j |
