Show 1 SILVER MATh l MAY l PROVIDE SURPRISES IN 1023 1923 WHAT will happen to silver sliver after the completion of the Pittman Act purchases During 1922 this question question ques ques- tion could have been d dismissed as In- In too remote a contingency to require much consideration but as 1923 is likely to witness the completion completion completion comple comple- tion of nf the repurchases under the Pittman Act the answer is engaging Increased attention on the part of the miner of silver sliver ore From the behavior of the foreign gilver market for the last eight months during n h ch the price of silver has bas graduAlly gradually ally declined it might be easy to conclude that this tendency will continue continue continue con con- until the entire amount oz of dollar silver has been purchased The dismal conclusion conclusion conclusion sion would be reached that many sliver sil sli- s silver lver l- l ver mines must look forward to a dis- dis dis continuance of operations The fact that this gloomy view is held by many people Is fa of itself ground for forI anticipating an entirely different I trend of events Silver SUver Is such a peculiar peculiar peculiar liar metal in its price fluctuations that these are as likely to move move contrary contrary contrary con con- to popular belief as with It ft A particularly comforting line tine of reasoning has as Its Us basis the hype hype- I p silver closely follows or or anI an an- I the world world commodity price level and that inasmuch as commodity commodity commodity com com- I prices are now abo about t 60 50 per perI percent percent cent above the pre war average the I value of silver also should stay well Il above bove Its war pre-war level Although Predictions as to the trend of prices of copper lead and zinc can some- some be made with a taut fall assurance I of accuracy prophecy In regard to toI I the course of silver sliver and tin prices is 3 a exceedingly hazardous It Is to bet be bo t noted that in both of these metals We o Far ar East plays an Important role IV The silver outlook for 1923 is u none nano ne hIO bright especially for tb the latter lattera t of ot the year ear The maa market ket Is still pal a 1161 on consumPtIon In ln the te Far let 1 i and is subject to the whims of a t. t the an governments that treat Eur Europ p metal metal a If they bad had little for It eless elese Russia and Nevert some of Jt ot ier ter ler nations anxious to return return return re re- turn t to tet V a si ll haste i 8 for their sub sub- ency but are P prevented vented I I. I lIng ing so eo by b inability to main main- maintain maintain from c tain I ln n circulation Stabilization of ext 1 rge would help It behooves all at a jr r producers to become to fa familial familiar fa- fa It I Ith the forces determining the w g a price of ot silver allver By lIy stimulating i d laYS saya p. p E. E In lating F and add Mining Journal Journal- lr Ir they the can help to solve such euch euchus o us ua as aa exchange stabilization allon I and 01 settlement both of 01 have an important bearing on all Iver market markel lb r |