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Show SILVER CONTROL ; NOW HANGING FIRE Information comes from Washington Washing-ton that the plan for a governmental control of the silver output of the country in the interest of the United States and Great Britain is still under un-der negotiation, although delay has arisen in consummating such an arrangement. ar-rangement. The scheme as outlined is that the two governments are to purchase during the ensuing year 100,000,000 ounces in monthly installments in-stallments ,of which amount 6 0,-000,000 0,-000,000 ounces will be for the United Uni-ted States and 40,000,000 ounces for Great Britain. The silver production of the United States in 1916 was 74,000,000 ounces, but the indications indica-tions are that the amount of the output out-put for 1917 will be considerably larger. It "is held that if the plan of the two governments were put into effect it would practically absorb all the silver produced by American mines and smelting establishments for the coming year, and by restricting restrict-ing purchases for other countries, more particularly those o the Orient, Ori-ent, would prevent a runaway mar ket for the metal. The question of the price to be paid by the governments govern-ments interested in the negotiation seems to be the chief obstacle to the completion of the arrangement. It is understood that 85 cents per ounce was suggested, but this figure fails to meet with acceptance . from some of the principal producers. Their contention is tWt present and prospective conditions in connection with silver justify a higher figure than that the. two governments have named. Brad street's- |