| Show d Silver x ver Steadily De Den Dea Declined D in ini in a n Value Year Advanced i i a u e as a S ear 1 R 1115 ItI value of or steer ho the curb ii t T fl fI full ill t tx has hll declined C fi steadily Ice dl a f 1 ly h 3 2 if tf When Wv vt Vl consider r Unit deft silver Iw must mast t be as ns 11 II commodity and not ot 1111 n 1 n c metal with n it fiC salt on Oil It doc dues not 1101 mom al Lt a nil all str strange lIgo that Hint much Kitch ft a 1 l I 1 a titter 1 a commodity c It Y 1 i nut not iH tI In If 4 d Tot TN Y t probably i the Ilia causes cats which have IJ a It general Iti to till ill aliK vain i during luring tilt HIP lust Feat have hav hail had but stain small effect on un Ih l lorl or nt Silver has baa one nut Ino t nos t tIt notable i r rIn Which In III It H en olt It must mut t u It s HO rO tar far toward lug Ins n 11 mote mon or OJ temp less 1 4 namely n Ii l regularity of ot production which ei cannot be bl paralleled I d has IUIS seen been h cl n by hy law 11 n II fixed v lur pet per ounce IU but hut Its nil In production have been so M radical that HH Its power east eventually at fluctuate to nn equal extent SIlica Ih the ho cold production of ot the United Suites States hn has from C to tn nearly If It not lIot unlit for tut the Iho your Y III 1007 During tho Iho name Mine po rind the tho world of ot sold has hilI considerably morn than doubled Tho silver lIvor production of t the tho United States on UIO tho othor hand won retorted reported tt as M W D ounces s In I n 1505 e and i fiA OOOO In 1900 ISM with a probability of of no material tor tho the year 1807 1907 Dur DurIng Ing thin this period parted of nt 12 years yeam moreover thorn wan teas no yearly Irly variation In pro production 1111 nf of more maro that 3 Z pot p hr cit cent e t Tho The world worlds p production was n as equal equally r c ly Iy stable in Itt 1896 It woe re 10 report rod port potted parted ed at ounces and for tho the year ur 1506 1906 almost Identically Jd th ame pain During Durin the tho year YE t 1000 1001 null and 1901 It wan terns r reported nn nl ui high ax nil 1 IJ or nr ora a U temporary 1 Increase of or about abOUL S 8 per pera cent an fur compared a n with an a t t Increase I In 11 Ingold gold tr production of or more than per por percent cent coat It 31 la ts worthy of ot note no Ie 1111 that front from froma fronta a IL maximum production I tl In 1901 or of 1 ounces the tho yearly production In tn ft tl minimum of or In t 1900 1000 00 and at the ti th a r calno the n titer ther n a moro or lee lc Ic steady Im lin Improvement t provement In price from brut 47 H cents pur to r d In the tho s 1 of or 1302 1002 02 to about 72 32 cents In tho Iho u price Wax WM more than CO GU tier per percent cent tho the production a d tl tt 10 0 PIT par cent alit The Thu Ih am opened with a I New No ts r l t of ot Citi G i y cents pr t I r ounce JunN he and nit d 70 TO ts nii aa fl the thc g w l t r 1 t lt h of or the tho th tear vear ent The NIl New ew York monthly a I for tor JanUAry February July Jul end nd August were ere bet on and 63 61 enl cent fur tur r llio thu of or 4 Septem September her ber tho P was Oi ntH tart then It lifts boon an as low as fiS 53 51 TIo ho for to year Is hi GL cent per par nun an n 06 Hints I nIM for tor the tho 1006 1801 No Nu J doubt douht the 1110 production of envoi win was If d the tho first t halt of ot the th s year 11 by b the till abnormal prices Ir and pro pru of copper pud lend In connection I tion with p which was true produced l as nn I In n byproduct But lull doubtless the Ule closing of ur copper lr mines In this the Ih t and fall taU Inter the cl cloning of ut trait lend n mine ban box considerably decreased tle the tho 1 production 1 tion lIml or nf silver during durl l the tho latter halt half hulor of ut the do nl Silver la t I In to th the nit alp IP in Ih Iho a r G Ga of r ai dl cl I T t a The u consumption nt In arts IB 1 x though no un doubt thero them was a n demand for tor pur purposes purposes UI poses of nt duping thu month This Thill WILS aaa 11 much moro flora than Offset by the thu I of oC tho United State sl in lit order to supply lunch urh needed 1 tu d d currency curr c Of OC n f tale lato these theao have weekly or In moro maro than half nett tho entire production of or tho Iho nines or of the tho United Stalls This whole situation us liS to 10 and increased purchases on the tho Sinn purt of ot tb tha u U nd m 6 over il moat ment la is shown by b tho till bureau of or statis statistics tics tiel ns III to 10 exports of or sliver silver These rh lo were as n s follows foll ws August J o 0 3 S Pt GOU I October Oct 1 November r 8 l S Ol OF tl It The Tito Importations of silver principally lII In crudo crUllo form to arm Im for smelting and monthly so eo that In to thu tho wore worn o only 11 about or say ounces ounce In Itt of or the tho Importations Tho Tito Brent rotates features of ot tho tint year how hol I I aver as ruI factors factora In depress depressing ing lut been the market of or o silver sliver have bare I First 1 Hw the lit or of t China hint silver to the tho extent of ot about alto at lo ram nj ounces OUnce to her bur bill nt of trade Tots This was principally per chased od by h India 1 t on il tho tn I which n h IV I 4 lJ Till tint It tr 11 In n a of I buying for lathe r III Chu 1111 ut nI front i to 10 fief t U n nt t of nt Ihl e ru wen n r stin 1 at i an Ill In III No Nn j bW bar hI Of or 1901 The Trl total ri hor over In were n only C diu Ins Ing o a year v it i th tJ II total were lyre h Ins Int that other W t vi 1 r 1 1 11 of ur the d l n 11 from India end the t c ilu i h supply their own 1111 needs Th 1 i n 1 nl III tO of ot Ih o Strong stong us the your cloies N Y k it ll II I I jj I |
