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Show Ml.UIt AS A (UMHUIIirt. Tim New York Haamnthig and Mmlug Journal snyt that about two neekt ago the price of ellver reach id Ihe lowest point ever recorded. The London quotation waa .19 d, r troy ounce, aud In New York SS.tJ cents, making thu gold value of the alherlu a dollar piece about U-V7 cents. The authority quoted abovu lonks upon silver as purely a lommodlty, and contends that It It absurd to talk ol "ln)uttloo,'J "domonetlzitton" aud "crime" In relation toll. lit value like that of allcommoilltlta It governed by the law of tupily aud demand. Btatlitlct show that lit production durlLg the past teu yeara hat gradually Increased, titit so hat Its coutumjtlou both for coinage and luduttriaj ur- t OBCS. In relation to silver at a melal the following extract from Ihe Juurnal con-taint con-taint some Instructive parlloularn "The futitro course of Ihe sliver market may te predicted with a much cvrialnly as that of any other metal, whether Iho United Mates gotcruutent continues lo buy tl,(.iJooucca per annum or not. Tho price n ill decllno until the output U lettrlcte.1 by tint woaker mines cloilng down, and proiluctloti moro neurly op-ptiixlriiateatonaumpllon. op-ptiixlriiateatonaumpllon. How much of a decline will lie silble lannot bo foretold, fore-told, tietnuH thero aro uu figures lu ex-Utiucoof ex-Utiucoof llieaierage tot of producing an out ce of silver Already many nf iljo least f AMtrshly altitated mines and somo with liiwgrado urea, like those of Ilulte, Mont., are iloslug down, llut such a gteat proilucer as the ririiutteMouutalii Mining t'ntil4itiy, c.r Montana (whlih yleldeil S,twl' uunem of silver In lull i proilucsa It, aecordlug lo Ilia repoVla of lit dllei lore, uta coat of file, lor ouiue, while II Is well known lhat tho Hill inlniNof Aenanl Iho ban Juan district of t'olorn lo, ami Hie Park City mines of 1 tali, pioiliuo sill ir for lest than 60c. per It mint lo understood that all thli i-oimafrom a pipif that faort the tiunoinetallo olioy nnd refutes tori-cogiilretliver tori-cogiilretliver In any other light thau atuniin.h Iron c copper. It Is Ihe iiritridntloii of allrir bi this Irvil niter it had lien ihhI n money for so lung iha bus ileprecllle I Ita intrltlllc Millie d tve ilMitoth-. coniplalntt which hi n iteats at "atturd." |
