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Show 10 PSCTI01S OF SIUBSI1T1 Indian Pool and the Chinese Rebellion Responsible for .Present Boom. PROBABLE END NOT YET Statistical Position of Metal in United States and World Given. Silver advanced Friday to CCi cents an ounce, or onc-ouarler of a cent above Thursday's cpiotatlon. Predictions arc heard freely that the present upward movement has not reached the apex yet. although it Is never an easy matter to properly size up any 3llvcr situation. The clearing houso for the world's silver Is London, and London decides dally what tho producer all over tho world shall receive re-ceive during the business hours of that day for his metal, and what the consumer con-sumer the world over must pay for his metal. The price Is supposedly l3fled upon supply and demand, for each day there. la auctioned off In London a ijuan-' t It j of sliver equal to the estimated world's production of that day. .11111101 hick aj?'CO nun muie mi; iu known factors accounting for Ihe present advanced prices. One Is tho Indian pool which Is reported lo have gathered together to-gether a gocxl-slzcd supply of (ho metal In the expectation that the Indian government gov-ernment ivlll be forced to purchase the metal, at ihe price sot by the pool. In its reorganization of the financial njstem of Ibo empire. This pool may drlvo silver far beyond Us current ranges, or should tho object of the Tol bo accomplished, thn market price of the metal will doubtless doubt-less react. This may occur any hour, and the sit 11:1 1 Ion may laat indefinitely. Situation in China. Another factor, and the more encouraging encour-aging one, for It Is based upon tho actual need Tor silver and not upon a speculative specula-tive basis. Is the revolution in China and tho excesshe amount of silver needed to conduct ihe affairs of tho Imperial and revolutionary governments India, has been termed the burial ground for silver, as that flinplre is a far better buyer than seller. But the world has awakened to I he significant fact that whllo China masv V one of tho iorgosl purchasers of tho mot h 1. it Hkcwisn can bo a very keen seller, and silver in China may nlart upon a slobe-trotting tour at any time to the discomfort of thn trade. The silver production of tho United States In 1PU was 57.70(1,117 ounces, valued at. 5.1i".$5 1.500. This was an Increase In-crease of B5S.217 ounces over 1010. There aro Ihrco great world silver markets. Shanghai. London and Bombay, and while th supplies at these polnls do not represent the -world's supply, they do control the world'a market. Cm January 1, 1P12, the supply at these pointa was as follows: Ounces. Value. Shanghai 31.000.000 $17,050,000 London ... 15.500.000 S.525,000 Bombav 1 1.500,000 7.P75.000 At sea 5.S0O.O0O .1,100,000 Totals 6G.S0O.000 ?3J,7 10,000 Import's and Exports. According lo tho estimate."; of Ihe bureau bu-reau of statistics, the silver imports of 1011 were worth $27,450,000 In foreign ore. $12. $50,000 n foroizn bullion. $2,150.-000 $2,150.-000 In United Slates coin, and $1,350,000 In foreign coin, a total of S(5,S0O,O00. The exports during the year were $135,000 in domestic ore. $fi5.000 in foreign ore. $5P,-000.000 $5P,-000.000 in domestic bullion. $1,750,000 in foreign bullion. $100,000 In United Slates coin, and $00,OQO in foreign coin, a total to-tal of $Ci.650,O00, or $20.S50.000 In excess of Imports. The following are. the New York annual an-nual average quotations for several years back: IPU $0.5S3IP05 $0. 604 1P10 0.555 JP01 '. 0.572 IflOO 0.515 J 903 0.536 1P0R 0.52S 1001' 0.522 JP07 0.653 1001 O.r.Rft 1P06 0.6651000 0.613 The last year r.llver averaged boiler than $1 per ounce was in 1SS5. tho average aver-age that year having been $1,061. |