Show J ADVANCE TE IX IN S EB Influences Under Which While hUe Metal 1 lias VI ITI Up The continued advance at In the price of or sliver silver during the past y year l I and th the tho exceptional strength th displayed In Inthe Inthe Inthe the market for that product la last t I week cek when almost dally daily advances ances in inthe inthe inthe the price were recorded has revived a n good deal de-al In the position tJ that metal Bar silver er In London im tin Saturday reached 31 1 l while the quotation in this market marlet rose roe to toG G CiO t G which gains were maintained maintain maintain- ed yesterday Occasional spurts In the price taken place at frequent In Intervals In- In alt ter for several e months pa past t. t and while while- they h y have ha usually been hEen followed by J some reaction subsequently the tho value of oC the met metal l has hia again moved noved up UI to a figure tuc above tho thin previous pl top says says-a New york dispatch The explanation of or this steady advance ad advance advance ad- ad vance in the m market price of silver sil Is not found in nn an one particular Incident Inci mci- dent but according to 10 authorities Inthe in inthe Inthe the trade there h been going on a n aind ind readjustment adjustment of th metal on a new ne 1 Im basis lasis IH Two Iwo years silver sliver was a I drug drut on the thC market and aud the tIme price was vas at t i consequently t tending downward When hien bar hal silver er was lIIng around per ounce about that time lime a representative of a Ica leading ng- ng English banking house extensively engaged In business with vILh other countries t s whoso hosu monetary systems were on a n sliver silver basis predicted that within a few years more silver would would be Ime selling at al ala ata ata a price lower than that now no commanded com com- mantled by hy copper How far the predictions predictions pre pre- dictions came caine to tu being fulfilled Is shown by the Iho steady upward trend of the price of the lie metal almost since that time line The inclination of or nearly every everyone one who had to purchase silver sll was to defer defel such action until as they thoy believed ed the price would be he lower During the last two years year howl however cr I the production of silver has not kept acc iaco fully with the consumption The Phie waiting wailing attitude on the part of large consumers has resulted In an accumulation accumulation lation of or demands and anti within the last few months a n concentration of orders from different quarters has been hlen the means of establishing the market price of oC the metal on a n high level le Some few years rears ago the tho Secretary of the th United States Stales treasury In hl his re relOn report re- re port lOn to congress cong called attention to the necessity of purchasing more silver bullion for 01 subsidiary coinage J pur pur- urpo ur- ur po roses poses es As yet ret the lie government O has taken taken taken tak tak- en no Ut stops steps In that direction Th The English government go also according to silver exports has failed to fill It Its requirements ments ii in this line and th there re ha Is h Isa isa a prospective large demand for COl general gen gen- eral erat coinage purposes throughout the world The Japanese war added added addell add add- ed ell a fresh flesh Impulse to the upward trend of the metal because of f the fact that the demand for mone money In the Far East was vas largely largel Increased an and payment pay pay- ment for fOI all supplies purchased In Manchuria had to b be made In silver sliver India has o of late been beon absorbing iun H or Uw ti tiThe tine will fl The Indian wheat and antI cotton crops last year ear were particularly hea heavy which fact fad In part for COl that country's ha heavy absorption of ot silver I within the last C few fe w months mouths At the same time that the demands for fOl silver CI for Cor coinage purposes have havo been increasing Its requirements for use In th the arts have ha al also o been expanding expand expand- ing ng on a a. lar large e cale scale until now no It Is estimated ounces are used annually for purposes other than coin eoln- a age e. e In matter of oC production Mexico i stands first with an output of oC about I ounces a year with the United States next producing something something some some- thing above ounces fhe The total production of oC tho the United States Slates and Mexico combined therefore reaches about ounces annually annually an an- an- an while the worlds world's production totals only about In other words orts the United States State and Mexico texico produce over o 8 82 per por cent of the worlds world's total |