Salt Lake Telegram | 1916-10-26 | Page 7 | Financial, Mining New and Stock Reports

fr FINANCIAL MINING NEWS AND STOCK REPORTS 1 t NO o IMMEDIATE CHANGE IN SILVER PRICES IS EXPECTED Didactically change In prices of silver all sil no ver r 1 have occurred In several weeks and jie who had figured that this upward towing In copper and lead prices would with It an Increased demand for c carry rry metal arc forced to dl ement n m. m nt But the narrow range of prices demand IB Is an indication a a. light tho underlying underlying strength of ot the silver sliver 1 according dl to an f authority l g gr r who 1 to fc be as closely I S in touch with any one olle In this country countr situation as is that It Is expected that the ther io fact jirl price e will quickly kI advance l n dt to madu much r rf 11 r levels eliu as soon ol as any y demand or of Importance makes im us appearance The longer Europe continues the struggle in th fh more snore students of the situation bra bra- b It es for 5 ome convinced that the poss possibilities of silver throughout hout Eu- Eu is I an assured s thing l lg Of ot ropo practically n lyl ds this c condition J Wg the Mining ln Age says In the The tremendous expansion currency of the central powers paper the steady teady drain on the gold reserves of the allies aUles and the necessity of ot paying troops fighting on foreign soil In silver sliver money are ae all aU factors which tend to strengthen this belief Not only Is Js there therean an Increased demand but there is an actual decrease in production as a a. re- re suit of the decrease In the Mexican production production pro pro- Mexico being one of the worlds world s principal producers of silver sliver The de- de ci creaso In production Is especially p claX remarkable re- re when consideration is given to the increased output of silver sliver as a byg byproduct byproduct by by- product r from from co copper i hea and I lead leao Smelting amelUng g works works kS This is all the more re ac accentuated accentuated ac- ac when attention 19 Is fixed on the steady decline of the output of the worlds world's leading silver camps Cobalt and Tonopah both of which notwithstanding a a. stimulated t d output U U from r the leading producers pro pro- are actually showing declines Gold on the other hand shows no marked increase In production so that the chances of further increase in the coinage of silver or Its ita actual remone- remone are becoming better from day to today today today day as it becomes moro and more evident evi evident evl- evl dent that the European struggle will not terminate for some time to come Indications are that the market will willbe willbe be well maintained at around present levels lev lev- els Is for some time with a probability of higher prices before the end of the year