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Show SILVER ADVANCES TO 731-2 CENTS OUNCE Rise in Price of the White Metal Brings Increased Wage to Miners. Silver advanced to 7?-S cents an ounce yesterday on the New York metal market. This is the highest point a.t which the white metal has been sold since 1907. There were sales recorded ou the New York market of as high as : 74 Vi cents an ounce, which is the highest high-est price at which the metal has sold in twenty vears.' Considerable excitement excite-ment prevailed ou the market, and those who were predicting 75-cent silver a few months ayo are now predicting that the metal will advance to $1 per ounce or more. . With silvpr selling at its present price there is added to the earnings of. the : mi ning companies producing the white metal in Utah millions of dollars. Those that take a very conservative view of the present situation are calling atten- , tion to the fact that mauy of the larger mining companies were paying dividends when silver was selling around 50 cents an ounce. As a consequence of the advance. ; practically all of the larger mining companies have a unouiiced au advance i in tnc wage scale of miners employed underground. A movement was started i yesterday morning by some of the larger companies operating in the Tintic dis- trie.t, and a uew scale of wages will go into effect ou May 1. The mine oper- : ators of the Parti ( ity district have also announced an increase, iu the wage j sir ale, ami the same has been done in i the Bingham district. j During IP 15 the mines of Utah in- , creased their silver output by more 1 than 1,500,000 ounces, according to the geological survey. The silver output of! the tTui ted States for the same year 1 was 74,hOO,000 ounces, and' metal au- ; thorities say that the stocks at present j in the United Stnies are at the lowest point in marry years. |