Show I lining fining Price of ft Silver By Ira C C. Tichenor that purchase o of silver in in n th the open market b suspended during the war war so n will be resumed by byed byl l ted ed States treasury serves to attract attention to th the thet k t decline in the price of silv silver r from fr fro ni the high rec record rd of o last tast Nove November ber to the prevailing figure pf Qt X Xe 4 b he e world Js Is s silver hungry bu but evidently the high high price e attained ie e world to lose Us its appe appetite te as It were for the whit metal Among J t causes auses of ot cour course e was the ex an situation fn fri fn connection with European countries and which compelled compell d. d a cessation of ot sliver r rg j g although the metal is badly n needed eded as a basis for tor the Immense Immens paper currency J fare are re Indications too that the de ti aI-ti by India which th St t iv ted States was as the result of ot arrangement an-arrangement by tj which England tiled lied U d with slIver silver for tor shipment to India at at h 1 1 an ounce has been a at at atI I v i satisfied and nd to such ah an extent t tha the people people people-of ot India bl bid d to melt their coins an and sell the bullion t a go good d while I dema demands ds were ere resul ingin sending the the pl price ot of thel ward a rd China seems to have a a taste for taste for tor g gold ld to a a greater greate an an ever before and nd as a result the demand t for r silver liver from that k bas materially decreased Jew v e w of ot the prevailing conditions it w would uld not be surprising if it the silver slIver in the open market dropped to 1 I but it is considered p Y certain that it win not go lower ower than thant t that figure Under the act ct which authorized the secretary of ot the treasury treasury to to- melt to-melt melt up to too o 0 silver silver dollars the I treasury tr thus far has has' melted approximately approximate silver slIver dollars most of ot which was exported to Indin nd t to o of act also provided that the treasury treasur should repurchase silver at no not n if an ounce to the the extent of r f th the silver slIver sold to be used In ars While no time limit Is la specified as to to to- when when- hen the melted dollars r coined th the demand for tor sliver silver currency curren y Is js s such ch that the resumption e C within a short time is Inevitable repurchase clause of claus of f the Pittman Pittman act naturally na has h ef upon pon which would p prevent ev nt t the e price O silver from l O going b below lo the rk In view of ot the fact that to restore the silver dollars melted would require a supply equal to several years' years output of ot the tithe the country at the present rate of ot production and the certainty that demand will continue indefinitely e y although perhaps inter- inter t 1 1 safely can be re regarded as the minimum |