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Show SIS II SILVER iiSIKHES Millions of Dollars Added to Profits of White Metal I 1 During Past Year. 1 i I Millions of dollars are being added to the receipts of silver mines through the rise in their product's price, says the New York Investor and Trader. So great is this scarcity that shortage j of silver coins in France and other Eu- j ropean countries has been followed by a 1 shortage of silver coins In New York City. It has reached a serious stage in , the theaters and restaurants, according to C. P. Greneker of the Shubert company, com-pany, who has Investigated the coin situation. sit-uation. "Banks are alarmed over the sliver shortage, for the treasury department has shut down on them and thev are not j able to got more than one-fifth of the j slver they ask for," Mr. Greneker states j in an interview in the New York Sun. j "Wo have run short of small change I for more than a month and our treas- ureis are required to go to the car barns I to get what s.lver they need." I The vast spending power of the people j is one cause of the shortage, j Everybody laborer, as well as Hhe , "big rich" hands out a large bill when j he buys theater tickets, or pays a res-! res-! taurant check. This takes lots of change j out of the theater and restaurant tills. I What usually happens when the world j wants must have a scarce product? It i bids up the price of that product, -as it has bid up the price of silver; but it 1 likewise bids up the value of shares in i the producer. |