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Show EXPECT SILVER TO SELL MUCH HiGHER Increasing Demand From European Countries Driving Driv-ing Up Price. The Canadian Miner of Toronto believes that unless all the best -known metal brokers of the world are wrong you will see silver selling at record prices before the end of the year. Early In Mav silver advanced to above-77 above-77 cents, which was a high record for twenty-three years, but if we are not mistaken this figure will be passed In the near future, for every condition throughout the entire world points to higher prices. According to reports, it was the selling by the Indian bazaars that caused the recent re-cent decline In the white metal. These bazaars held millions of ounces of silver in reserve and, taking advantage of the high prices, they sold their stock at a figure that gave them enormous profits. Later China stepped into the market and it was the selling of these huge reserve re-serve stocks that caused a temporary decline. de-cline. India and China are both silver countries; coun-tries; that Is, they look upon silver In the same light as we do gold, and they accumulate and store the white metal in much the same way as England, France and other countries do gold. During the past twenty years these two countries, India and China, purchased immense im-mense quantities of silver and it was this accumulation of several decades that was so lately sold at fancy prices. The fact that this large reserve store of silver could be thrown on the market without warning and still not satisfy the growing demand is in itself the best evidence evi-dence that we must expect much higher prices for the white metal. Having once sold their accumulated slocks, botli India and China are now back in the market i. purchase a new supply, and reports last week stated that London, which Is the headquarters for the selling of the metal, has unfilled orders or-ders on hand i running into millions of : pounds. The truth is that every civilized coun- try in the world needs silver and needs I it badly, and, as the big sliver producers . refuse to sell large quantities at present prices, these countries must bid up the price before they can hope to secure ade-1 ade-1 quate supplies. |