Show SILVER QUESTION USTON IN fAR AR EAST AST IS I BECOMING ACUTE ACUT Much satisfaction has hall been bren felt silver mine owners throughout t i the west welt over the gradual improvement 4 In iD the market price of this metal As Aa J one te of the lar largest producers expressed iU in II A large and all advance vance is iJ not j expected neither r is it hoped hopel f for r. r If 4 the white whito hito metal were to tako take a sharp lIDee se to better than 60 cents an within a few weeks it would mean a sudden decline which 8 f uld in the end work a greater reater hard hard- hip ip to producers au an mi might ht mean ean tho the thong 1 ling ng K down of a number of silver prom pro pro- eing m properties few tew weeks ago aKo the white metal was to the t he price attained lee ee July of last your year To lo those who f re e not closely in h with the marIt mar mar- it it came as all a surprise aud Hod inquiries e made dt to ascertain the cause e. e Com 4 tion came Caine from the east cast to thet tho the t C that conditions in both China and p were vare improved and aud that as a are re- re silver was being purchased I tlde subject it is interesting to note noto i statement just given out by a repetitive rep taLlY t of a manufacturing minin mining ta Tj hernia bouse who has just returned a business thip through East Kast India China H He says sn that the silver in East ast ln India ia is becoming te that bar silver and coins ar are in n Inadequate supply Of or the great stores torel that have havo been lilt to India from London in iu the tho ho pas ra pat pati i MX 11 months but little has gone one into tho the of f the tho bankers and merchants lost of it has gone one to the vel very lar large larger e r- r it lass of 4 trading non capitalists the na na- F T. T iNe- iNe princes and other noblemen and r t. t X darge r it bondholders l rs who ho lock up the their r wealth t in the tho form of silver sliver gems ems and Curios i s. s Ono One of the native nativo princes has V f r several years rears converted con the silver r ind Dd gold received from many of his ten ten- 1 of farm lands into solid silver 7 cannons and coaches and orna orna- r. r ii I overlaid in chased gold od and inset with HU gems In useless trumpery that i aDi Who ran can neather read nor write 1 5 h 8 IB 11 n the form of worked up gold old and er Continuing he lie said Ier I 4 tIn Calcutta I talked with all alt tho the i l and most of the native nativo banke bank bank- e r kind and all predicted a steadily enlar enlarging t ing market for North American n silver J I The effect of tho the Chinese indemnify 4 on silver Buyer was t tl to bring hrin about immense thereof on Chinese account to East Eastin in order to find finel money for meet meet- I f t 1 ae payment e. e of the d debts with in in- t. t to 10 l European financiers who car- car ned through h tho the measure That z S.-z amounts to in mu the orai of a gold basis dent debt of which the 5 tnt is about 1 a Year r three years beginning in m 1902 inn ma i saw a steady depreciation in the which she sho h had d to find to exchange liV Ia Ao o 0 meet the tho exactions of the fund elT effet it this indemnity fund has blow to tho the silver mi mi- r industry in North America But ot ol ate ato both East India and China have gotten over the worst of tho the effects of the depreciation of silver and ere lon long they will bo be buying silver in such mch Jar large e ei i volume as to give a smart to orth American silver minin mining minin Consid Consid- ering that for more snore than a tho the I e burden of QC absorbing most of time the ig g g silver has bas fallen upon the orient is that silver did not go far the r-the the tho lowest price recorded within r. r Great European bankers in Cal Cal- told me mae a month a ago o that by Sep- Sep iber ber er silver will b bo be above c 60 cents an OUnCe laid down in iu London I If If as is much talked about in New Newl l Calcutta noel and Bombay llombay powerful associations of pf North orth American an silver Jini refining an and balkin banking interests ether ther to or organize a chain of I East flast India and China bottomed er there will come into being a t. t dons ons uplift t of silver mining minin an and aLien tion of silver such as the world etsa saw T t Looks encouraging l for our own minin mining 4 i t rests rest doesn't t It itt iti I |