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Show SILVER INCREASES 27 CENTS OUNCE With an average silver production per annum in Utah of approximately approximate-ly 13,400,000 ounces, the decision the past week by the federal government gov-ernment to set the price at $1.01 1-2 means a great deal to Utah in general gener-al and directly to the mining operators oper-ators of the state and all directly interested in the lead-silver mines. Most of Utah's mines dig out of the earth with their other regular orea rock which contains more or less silver content. The silver production produc-tion last year in Utah made a record rec-ord totaling more than 13,479,188 ounces. The output in 1916 was 13,253.037 ounces. Neither the importance of the Pittman bill to the silver Industry nor the part silver Is to play In the world affairs for many years to come are realited generally, says the Mining Investor. With one or two notable exceptions, no important import-ant silver discoveries have been made for thirty or forty years, and: the world has been so thoroughly prospected that new discoveries are 1 I unlikely. j The great silver production oc-' oc-' ! curred when the price of silver wan j $1.29 per ounce. The expenses of mining and treating were so exr.es-I exr.es-I sive at that time that ore running j less than $30 a ton was not profitable. profi-table. I In the stopes and on the dumpn J of many of these old properties Is 'a sufficient amount of ore to keep a big mill going at capacity. The j Pittman bill will add 27 cents to every ounce of the silver content of these millions of tons of visible ore jover the average price received during dur-ing 1918 and 1917. |