Show two silver markets exist in new york v As generally expected there are r now two fy silver markets jbf in new york one for domestic production the 7 other for foreign offerings arises from the fact that WV the world 1 market l has been carried fey below the domestic market which 2 Is arbitrary caf faw ay fixed at about 1 per ounce under the pittman iffa purchase 2 law tS recently VV W when silver 7 fell below fe the dollar akay mark there av was only out market ev based on the aff current london quotation in spite of the treas standing offer this was due to the treas requirement that silver offered should be entirely of bona fide domestic production As it was impossible to comply wath the regula eions the pittman law became in effective but the treasury has now modified its regulation so that the vendors need only furnish affidavits as re gards genuineness of that part of the silver coming from american mines this silver will be purchased an 1 an ounce less about 3 8 of one per cent for mint adjustment and costs etc and current price obtain ahr ed for that sa part ayriss of silver isy of foreign origin W this 70 inevitably establishes i a dual market but as long as this arrange ment Is iffa in force the american miner A will alway faw be able yaw to get 9 9 cents per ounce the arrangement also has J the effect of stimulating as the outside or foreign S silver shrew wh market rew on the w quotation of for domestic silver in new york thursday foreign s ivow iver iv was vw quoted 0 at 90 www an advance of 10 cents over wednesday london quotation 7 came 7 at 49 1 8 d up 6 d |