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Show GOOD PROSPECTS SEEN FOR SILVER; A steady rise in ti e price of silver until it reaches at least (!0 cents was predicted at Denver Tuesday by John T. Joyce, copi.ni-sioner of mines fur the .-late of Colorado. Joyce Laed his prediction on the tecent ui turn 11 silver price-, the quotation for '. hich was 45 cents '.'at day, a ne.v ihiee-year high, an 1 an overnight ;:aie:.-e of 1 1-4 cents an ounce. With gold n i'iii:g activity already stirred to proportions of a mild boom, Joyce predicted renewed silver mining min-ing throughout the we.-t at higher silver prices. Some mines already are aide to dig for silver at 45 cents, he .-aid. many more could produce it profitably at 50 or 55 cents, and at ''0 cents a .-emblance of prosperi:y would return to the mining west. Joyce recently returned to Denver from Washington, where he was one of a party of western mining men seeking' federal aid for the mining ( industry. I On the basis of his observations at j the nation's capital, Joyce predicted! that the coming session of congress,' in response to increasing demand for inflation or reflation, would pass leg-' islation to remonetize silver. 1 Before such action is taken, how-1 jever, Joyce predicted, the administration administra-tion will enter into a silver purchasing purchas-ing program similar to the present; ' gold policy. Joyce said he had good reason to believe that President Roosevelt is 1 . sympathetic with the cause of silver! and that an outcome of pending monetary conferences in Washington 1 will be a program calculated to in-I in-I crease the price of the metal suh-j suh-j stantially. |