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Show Sffl QUOTATION INTERESTS 0!i Price of $1.19 3-4 on Market Mar-ket in New York Expected i to Stimulate Mining. With silver Quoted yesterday on the Xew York market at aecorliwt to advices received l,y J. A. IIoslo & Co., local brokers, m In Ins engineers and operators op-erators are hopeful that this metal will take a further and unprecedented rjse m value. Utah is the second stlv.-r-pi o-ducinc o-ducinc slate in the country. Ma'.iy predict pre-dict that this advance in the price o. in'' metal will ftive the mining industry Here great impetus. Reference to statistics published by the director of the mint reveals many mtc-r-estliiB facts. In luSO. silver was sod on the London exchange for an averaec yearly year-ly price of fl.Sin. The price on the l-.ni:-lish market steadily Increased until in ls39 the hichesl venrly pi'V- atta:ncd Kin-e ISfiO. 41-:!;. was j.iirt. The hi.ne sinplo prire pa If during this year was approximately 1.7. , Tlie price at wlilh sMvor cneil las : niht. $1J9 in ichor than Hny yari ! average price ri'Jot.ri since At t.-iO close nf the elvil war, in I'-'iT., tlie av'-r-ase vearly price for New York wan In the price increase". 'r 1 't-'-i Krotn then the lu-icc of the metal steadily declined in value, t:r.tii !n 11 sunk to a vcnrlv price of o cents. Horn , this date untd a price nf 51.U3U was set bv the federal reserve hoard, for tne pe-! pe-! riod of tho war, there has bet-u a steady Increase, ia the value of silver. NEW "YORK", May 12. Bar silver jumpf-d 8- cents an ounce in the local I market today, the price advancing to , 5l.in:i4, the m:imum hf-re in in-any thirty vearn. Ylie ipiotatl'm was pre-; ceded bv a Loinhm eabie wh:- h n-poru-fl advance in the KnghPh market to ;,i pence, equivalent to Jl.-l, the ir.hest , ri'e quoted in London s.nc"- 1 S7 7. t j Silver has ee;i advanci: A sl-adily since tiie fedf-rai reserve lf a. d r moved , the export lost rit ions on tlie met a 1, whi.-h lixed the pr:-e at Jl.ouR by atrrc--ment with the iiritith guvcrniueiii m 1117. |