| Show I FINANCIAL MINING N NEWS WS AND STOCK REPORTS j INDICATIONS ARE THAT SILVER WILL SEEK HIGHER LEVELS J From reliable sources as can From as near Ag Agnot be obtained in this country all indications indica- indica toward a much better market point For the for the white metal eventuallY remainder of the year we will probably experience any an- big dips In the price not that l W is' the demand of ot silver r for besides EUropean European European Euro Euro- increasing all tho the while from the countries there will be e a greater India soon demand from both China and we ve are told In reviewing the situation onI one Tt It authority Is is tI reported rJ t says Y that hat the British mint for coinage ands made large purchases time likely to be bc In the market for some France is also expected to begin buying again especially as her silver reserves continually decreasing are Great Britain's s 's consumption of sliver silver duH during the first six months month of this year In the history of th the is a new chapter metal Exports from the United States to England during the period totaled 2 as against 20 in the corresponding period of 1915 No doubt this Increase is due to the advance In prIces but exports from Great Britain have been extraordinarily small India got ot from England about worth as against 1318 worth in 1915 France and andest West est Africa have taken more than usual West Africa had worth as against France had as against During the six months England received from all all' parts of the world as against In 1915 and sent out as ns against in 1915 The stock In London Is about China is again looming as ns a factor Advices continue to emphasize the need of silver and the premium on it on ac account account account ac- ac count of the extra large issues of nonconvertible non- non convertible notes which the government forced the Bank of China and the Bank of Communications to issue in order to to raise money to quell the rebellion The I prospects of ot raising a loan In the United States have b become ome v very ry poor and will undoubtedly Influence the silver situa tion The silver reserve for the notes in circulation circulation cir dr In India continues to Increase but not in the same ratio as the increase in the notes The stock in Bombay is considerably reduced The market is not very active but the season is near when the demand will be heavier than at any period during the year As a result of this combination of conditions con con- the decreased output from Mexico Mex Max ico and also aiso the decreased output from the United d States es through the smaller mt juc output of s silver as a byproduct p from the copper refineries on account of the curtailment of production during the summer months due to the excessive heat Indications are that the silver market market market mar- mar ket ket will seek higher levels |
