Show Mine and MartI Mart I Comment L By Ely LEE WILLIAMS iTi May Seek Stabilization Of oi Silver Price An International conference of the w worlds world's chief silver producers probably a ably bly will be called In an effort to s stabilize the tho price of the white metal met met- a al t. t according to TV Mont Ferry S Salt alt Lake mining man and president prest- prest d dent ent of the tho American Silver Producers Producers' Pro Pro- d association who returned S Sunday from New York While In New York Mr FOrTY Fern m made ade preliminary arrangements for fora a conference of the executive committee com COIn m of the association to be held I In n tho near future either 11 In Salt L Lako ake or San Francisco The Tho time and a nd place of thc tho meeting at which t tho he silver market will be discussed a aro re subject to Mr Ferrys Ferry's call Stabilization of the sliver silver market Is I s of International Importance Mr F Ferry erry pointed out because silver so v vitally itally affects the tho settlement of t trade rade balances with Oriental court coun t tries ries Mr Ferry said that the tho chief cause o of f the recent decline In the price o of f silver was due to the withdrawal o of f China the largest silver buyer oi market be because be- be i In n tho world from the c cause ause of the upset political condi condl conditions t ions existing in that country at present He added adde l however that the tho last few weeks has shown some r resumption of buying by China The Tho fact that India the second l largest argest buyer bujer of silver was selling as well velI as s buying the tho white metal during tho latter atter part of 1929 also weakened the tho market Mr Ferry said This selling now has subsided to a considerable extent and the outlook for the future Is appreciably brighter he ho declared I |