Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1895-10-23
THE SHORTAGE In SILVER.
increasing Inquiry for Silver In China
, a-ya Japan, ana the silver Product
is Ssid to Be sold rfTwG4
Months Ahead.

New York, Oct. 23.--The best authori-
ties on silver look for steadily I'M
proving demand for the metal for some
time to come. The willingness of Japan
to accept the indemnity from China in
silver contributed largely to the improve
ment in it's price which has been noted
during the last few months, and the &C.
cumulation of the metal in London will
90 on, in order to complete the INSTALL
ments of indemnity at various dates of
payment.
Both China and Japan are showing in
creasing inquiry for silver, as the large
amounts of the metal distributed by both
countries in payment for war material
and supplies have been diverted to India
and other silver countries.
BOUND TO KEEP UP.
The recsnt advance in the price Of sill
yer caused by the sharp demand for &C.
count of China and Japan has established
scarcity of the metal. Mr.. Townsend,
of the Hong Kong and Shanghai Banking
corporation, expresses the belief that any
accumulation of silver at London has
already found employment. London
statistics show that there has been de-
crease this year in the importation of
silver into England of 100000 ounces,
equivalent to about G1,O00,O00 sterling.
This year, also, there will be large de-
crease in Importation of silvcr into Wash
ington of 54,000,OO0 ounces rs result of
the repeal of the Sherman law. This in
dicates decrease in the production of
the white metal this year of about 62,000,-
600 ounces. The requirements for China
in silver in connection with the indem-
nifty payments to Japan will extend over
at least two years.
Mr.. Townsend states that silver or
dered two months ago has only just been
delivered. The silver smelters are said
to be sold ahead for two months.
Washington.-Th appropriation for
the loss on recoinage of worn and un-
current silver coin for the current fiscal
year is exhausted and as it is the inten-
tion of the secretary of the treasury not
to resume at present the coinage of sill.
yer bullion purchased under the Sherman
act, instructions have been given for a
furlough without pay of nearly all the
force employed at the New Orleans mint.
The treasury holdings of silver bullion
amounts to l37,G44,000 fine ounces, the
cost of which was $l24,0So,323. If this
bullion we're coined into silver dollars
the profit to the government on it's coin
age would be nearly $54,000,00O.
The Big Fight.
The expected has happened. Fitzsim-
mons has refused to indulge in any pillow
throwing match with Corbett and the
great fight has been postponed. Santa
Fe sports construe this as a victory for
Ell Paso, and are now more than ever
convinced that the mill will take place in
the central Rio Grende valley.
Fort Worth dispatch says: Col. Will
Harris, nephew of United States Sen
ator Isham G. Harris, of Tennessee, and
prominent citizen of Ell Paso, is here.
Said he: 81 am convinced that the Cor
bett- -Fitzsimmons contest will now come
to El Paso. After Gov. Clark's adoption
of Culberson's stand nothing else is left
them but to bring the fight off at Jusrez,
opposite our city. l subscribed several
hundred dollars myself and the necessary
$4,000 for paying the Mexican govern
ment was raised in jiffy. hope to see
my town get the contest and the benefits
therefrom. We can take care of the peo-
pie who come to see it and will do it. Ell
Paso is the biggest little city in all this
country and can handle anything from
cowman to prize fight"