Salt Lake Telegram | 1921-09-04 | Page 17 | Holds Silver Will Not Drop

HOLDS SILVER WILL ILL NUT NOT DROP Director of U. U S. S Mint Makes Forecast I DENVER D Sept 3 Raymond 3 Raymond T. T Baker Daker director of or the United States Slates mint who is in Denver on an Inspection trip predicted today that domestic sliver sil silver sli- sli ver will wilt not fall taU below 1 an ounce within th the next five years ears on account of a reduced production and that an In In Increased increased in- in In creased demand in Europe Europa and the Far East will undoubtedly send tho the price still higher I The rhe gradual readjustment of or I Eu Europe's Er- Er II- II ropes rope's economic conditions condition will serve r to increase the demand for tor American silver sil- sil sil silver I ver he said Bald lIe Ho also predicted silver t r demand from India Mr Baker predicted pro pre dieted the output of sliver silver for tor next year ear would not exceed to ounces I The present el t output of oC the Denver and San Francisco mints Is to be bt greatly great grent greatly with the tho ly h. increased in n accordance governments government's tE J plan pian t to e cx expedite the coinage coinage coin coin- coin I I a age e of or silver he saM said The Denver cr mint I is now producing 1000 silver r dollars under an eight hour eight hour This Is to be be in increased In- In dollars dally daily under I cr erased creased a ed to 24 hours Hours' work shifts shUts said Mr dr Ir Baker Daker visit here closed his inspection trip trio Ho Iro will wilt return to Washington D. D C. C tonight I