| Show SILVER Il tr SOARS OA i TO TOA A RECORD Af POINT r I 1 Reaches Highest Mark That Has Been Seen Since Memorable Days of ol 1893 LOOKS MIGHTY GOOD FOR UTAH AH Salt Lake Smelting Companies Announce Price of Cents Per Ounce XH s Will 1 IM ix h l With 11 All 1 Oter tin time r Irl Country lut the Are Arc re Silver reached recho the highest point to today today day ds sluice since the beginning of 0 the last latt administration of Grover Cleveland M U a president of ot the lie United States StAte Ore are buy buyers buye ers era e quote tSi 61 cents and settlements ire are ar being made on that basis bult The fact laet that the producer of or tho thu white metal has hs nut not been able to ob obtain tain this isis price for his hi product for tor fora tora or ora a period of about abolt 13 1 years Rt the an art announcement Is I of more than thal ordinary consequence con It I was ivas wal the talk of 0 min mining mm ing In circles today and naturally natural every everywhere everywhere where here it was 18 received with wih profound I Ind and nd many expressed ed the Ihl opinion that If It I the metal holds hold up lP mi anywhere near present rr nt prices It will wil surely result In the reopening of many mn of the old ohm purely pure sliver silver mines scattered about abut the western camps MANY IA Y OLD OID SILER CAMIS Ut Utah h has ha several terl crimps cm of this thU kind M 50 r has hu Nevada eId among al l the lat latter ten ter being beli Austin Auttin which on ont one time con contained a population of nearly I Ii Utah might be mentioned Silver SI r ner nerO Best Dry O Canyon and ad Ophir BRIGhT OUTLOOK r T It n Jones JUle manager IIer of or the th or department of ot if the th United States Smelting Refining Mining company who by b the thO w we R is I the vet veteran id ideran et eran ern ore buyer of o this Ihl region anti and probably lobl the but best posted mutt mats on metal markets markI In the n f eat It t W was K 1 among the number lumber who expressed much antis satis satisfaction sats faction over oler the noted note In II sil silver al ver Hr tr and looks loks forward forar to 0 M a wonderful era of prosperity for or tt h and talt Eal att Luke Lake City CI In particular Take It I all al around sold said 61 Mr Jones Jane the producer fares tae pretty pret well Lead Leall and ald copper never nur such luch high prices a a as are quoted today and with silver going up too 10 It seems to me nue that the thc mining regions ought to 10 pros prosper prosper per pr Salt Sal Lake which has bas become one of the great If Ir not nl the greatest smelt smelting mel lag ing center in the world ord will wi naturally benefit by b this nill SALT LAKE hAKE A RIG HIG OG CITY Another Anther prominent mining man de declared dared cared that he thought Silt Salt Lake would even en grow grol Into a greater rete city than Ihan San Francisco that thal more morE money mont would be eventually handled handl hanle through the Stilt Salt Lake clearing house houle than the theone theone theone one In the coast coant city cl because ue of the steadily Increasing In stream of ore or coming to the Salt Lake smelters to b b be converted convert or rather rathe exchanged for tor money CAUSE CAUS OF OF THE J m mn An n authority accounts for the rice rhe in silver eler In several ways way aI The tact fact that the United States government Is I again bu buyIng buln and li I 1 taking ounces per month Is I given as I one comic reason This hl silver I l is for tor subsidiary coin n the taints mints of the country having h ln exhausted th the sliver silver bullion bulion accumulated prior to tv toIMI IMI ii I Tho The French Fen h government Io has been hee calling for tor more sliver silver for the sonic purposes but the he main factor In the market maket U La I probably I due dle to the to demand for lor It I In the east tt chiefly chien from India G In lii II this connection it i Is 18 Interesting to know knott kno that the th exports for or the first tnt half bait ht of o th the present pre fn year tar from m London Jondon to tn India were approximately ounces or more than double the shipments of ot 1905 China has hI been n a moderate buyer burer taking fo 10 or tha thus first firsth tra h hr Jf of nr this year Mr oz na oz from fromI I London and IH N ot oz from San Kan Fran Francisco deco cisco It I is I known koon however that China Chirm Chin has ha taken take a R It deal oleal from rota Australia Japan appeared In the sil sli silver I ver r market after Rr several years year Ab sent sence fn taking oz ox from rote San Sin Francisco ll tto it 1 Is h understood tM that this IK is I for fo use we u in tn horN and HUr Manchuria chiefly tH The known kon shipments to the thee th e Mst east st without allowing anything for lor those from Australia were oz ix ox ten far er the th 1 first half halt nf of this year fU sad and ni appear likely to 10 I t ho still greater for forthe forthe the tM second t n halt half hlf |
