Show I Silver D Due e r ra a Spurt I 7 By Ira C. C Tichenor T TH THERE HERE RE is n no logical reason for the tlc recent decline in the price of silver to around an ounce but on the contrary there therea for still f further further- advance rather than d de- de a are many Y reasons eason a any j. j a. a cunat at this particular time i rhex Is s ground for or the suspicion that the recent drop In th the prices by abo cents has bas been brought about by market manipulation In order that certain Interests might be able to load up with the white metal before the theno no flood dot of demand signs slims of which evidently haye have been discernible to some most most directly Interested makes Us Its actual appearance Undoubtedly the the uncertainty In European affairs that resulted from French occupation of ot German territory has bas something to do with the decline price o of silver r but In view of ot the fact that this d decline already was wag under d Erway way makes it certain that the r real al cause was something more tangible fr under normal conditions there thero Is an indicated shortage of more than ounces or close to two two- years years' output In silver requirements To this must ho must be added the immense demand o of ot all the countries of ot otE E Europe rope for silver slIver as a partial basis at least for tor the enormous Issues IssuE's pf pap paper pi money n noy This alone alone it is estimated will require at least leas t es esi of stiver a ft year for a number of years to o co come e. e 4 It Jt i I S to suppose too that the demand from this source will Increase ncr ase se t to a a point far tar above aboyo the estimate as s a a. result of the continued de decrease de de- crease crease in In Inthe the output of ot gold t On to top of ot the direct European demand for silver is 18 the annual tr balance balance of ot India and China which must be paid in silver as the orientals ln insist upon pon b being paid In silver That That England foresaw the coming of ot the silver wave there now now ow can be no iid doubt an ancL dby by an arrangement m made de with the United States for for forthe the purchase of r at 1 an ounce or considerably above the market price at sO that that- time was able to make or r save save many millions of ot dollars as asa a a result o of ct th the later ter advance to a t point far abo above e the dollar doUar mark That England foresees another silver wave which may have a crest of ot perhaps an an ounce is among the possibilities |