Show COBALT HAS BEARING ON PRiCE OF SILVER Re- Re Entrance Re-Entrance of Mexico for 4 s 's Supply S May MaSi c Cause sc If i Rally Raly Th There lC has hat been bemi quite a reaction in inthe inthe the time price of or sliver silver r since time the first of or tIme the year and unless the time conditions which are aro responsible for fOl time thc decline cease time the quotation ma may many again shIp blip to toG G CG 65 cents or on e even en n GO CO cents edits per cr llie hue fine ounce olleo in lii New York C within tho time next few months s says S 'S the time Mining World On January y 7 tho time selling ht price was 70 iO cents which excepting 71 vi i edits cents on oil November 17 last is the Xo lat year highest high high- est eat since 1893 when the time Sherman act was repealed and amid the In Indian lan mints were closed close to the free coina coinage c of sil ver mer S SOn On O. O 1 1907 07 the tho quotation to SC GG t cents cent which Is 3 3 Cents less Ics than baum the Lime high hISh price of or January Jan Jaum- nary uary 7 T. Two we important factors parl partly explaining ex ex- the tIme weakness In the time market are the heavy hea falling on otT of In imm the thc chases o of silver by India lUlla a countr country that thai usually consumes the time hul bulk of or the worlds world's supply and time the stead steadily I In Increasing Increasing In- In creasing creasing output of ur the time new Cobalt Cobal district in Ontario During recent recent- years eal by far tho the larger paz pan of or the worlds world's production of or sliver silver i er has been heen recovered In lii the lie refining of or other met met- met met- als notably copper COpoL COppo a and d lead But Bui Buinow now that tho tIme Cobalt mines mine aro are bein being energetically i developed it it is probable pi that mat silver shiver lver as s a primary prod product nill I again tal take 1 Its place with wih gold From Its Is discovery er a few years 1 ago to the end nl nIl of oC 1 1906 OG time iho Cobalt Cobal district produced produced pro pro- ounces of or silver silmer siver In Iii 1906 alone alono time the tie output was O ounces and amid In another year ear or 01 two vo time thc total should not be 1 far from 0 or ounces China U Unloading The TIme opinion prevails nis 11 that China nt at one omme time line a large larre buyer i is now un mimi- UI- UI loading quantities of sliver silver on eli oi the time mar mar- hot ket To re 10 he be S1 sure not riot all al of or this sliver silver silveris sHerIs Is for fOl speculative t purposes e for fol China is accustomed to liquidate Its Is e ne with that metal metal e when the market is uneasy as at present pres ent emit the time II sight ht of 0 new supplies Is le likely to cause a in price Pc Perhaps Per 1 haps hap when Mexico r which has hal alrea already hou bought ht sonic some silver silvern n in n the United States Slates to lo be into pesos os on the thc gold I enters eners s rn the marJ market mar mar- J ket et for about ounces prices ma may again rally mahly TIme Tho United States mint is still MUl buying silver but hut as the amount Is limited to ounces at atone atone one omme purchase e from ruin one seller seler there Is little to agitate the time malI mar mal I ket ct From mining centres we learn that some sonic of the be tlc ol time old properties are arc aroa a again ail producing silver but bunt hut hl should l time the price continuo lo tu fall fail fal It I I is certain that hint work wor will wi sup stop On time other cLImes hand 11 It J is conjectured that time tho American Smelting Smelling and Refining Re itc- fining company which has hasa a ml 1 control of the lime silver market market mar mar- ket 1 here PIC and mI al also aiso o abroad because London 11 s nearly nil all al Its Is supplies in Jim II time the United Stales Stales wili il will en endeavor to s-o s o fix lix prices that production may not nol In Increase In In- crease too loo rap l Time Tho smelter s trust trim Is IH paying dividends 11 at th the rate rale rte of or 7 per pct annum at the time hl high h prices of silver ti copper an and lead tead To continue to lo earn these largo large profits means judicious mana management and anti also aio allo recognition of ot the fact that lint consumers like 1 Io producers must be humored I |