Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1897-08-18
EiTTT CENT SILVER.
l., 4 Though It Will DO Reached
~ within a Few Days.
lame PLANT FOR STATE LINE
| Mill lie Built by Cop ain
|tia 'p' Activity at the
Golden Gate

A..new record yes'''u
Evh'D TOO .. ' IN tue quotation there
b. ,a a'' cent. per ounce, , win ms aps
,,. ' '"n'n'e.," to which ,os m %s"a.
,sh n. ,Iumpolli cents per ou s.,s
g1l' , v" ..ttl,msua we're m,a' oa nsps
su'l''' -" day Oh basis Of 0.s oen''
t'a 1as" '.' pcs at which silver na a.
r ,',. !, ,. 4. 'o eDs 50 cen, marx will
|e'as .a, ~ within the next i'w dsss.
Es Y I'' .I,.r situation has O'co ons
,, ,a,"s s.p not 't be iore,s,n BY the
lA' ' s'.,sd. speaking of the causes SCI
,',I ''','I led to tue sall int,ns, as.
liH nav, a, The white metal, the New
I s.''ni r'r,uesllus & Mining Journal
E,.,n rs last i,sus sdI'or'ai'S'
sr"s recent tall the pr'z, o Of ,,,vsi
ausu junction AID decrease Ia 'ns
hr piOI the causes ior the latter anu
tiuspa, W. ,sr the suddennets Of the
XII IN price are not AZ al o'1 Ioa, patnr.
VI, + 10 the east that We look nH ,arns
~ Wv ", an eIplsnaliOn, since 20 late =
sB ~, ,he cure ut silver production
In,,s,d there, but the sIa'istlcs oi
~ .reOr,p,iop thiIher are peip's s,n;n,
~. .nipmsnls from Lonion 10 INN q ~
=. ' ,ne straits have fallen Oh iin'
w ,Is uhlle those to IndiS have IN
.. u heavily. Notwithstanding .ne
Etc.,, ,.u,n. and the present dieiurhea
.arditiop Of affairs there, 80 'nat VIZ
~, .sat Fast up to the END OF July
s'' bsnt 10 per csnt gres er thSD IL
n. s,,rs,ponGipg periou last year n 7t
~ ,Xports 10 1896 aonotmniiy
R,a b,lue ns!deraDly larger THAN IN
I'd; Ths receipts Of silver III the
49, M Kingdom for the nrst SIX
s.",b. Of the year, according to u.
VA a, traue returns were ! 5 SoO, +S4
,,.,su s1OlO 66S in the cotf'sp0nu-
\. END o 1895, the increase being
n, chiefly 10 lsrrer imports from
Irnnes, Belgium, Mexico and south
.rstles. The importe from the
LiITHed States fell Of from G),O5l, 76A
Ia "a s92lO2. The total exports lrom
4, Tpltev States during tuo tame
Elus were sS7, s94. 500, against s2v, s2I,-
/ I'M in the iinl SIX months a 1895, IT.
I,lc,lipV tnst the exports from San
|Tntcisco to China als) iell ell good
G,,I These figures 90 not snow an
fruu,usl movement OF the metal suih.
k,ui 10 account foo the sudden anu
I,u.rsable deptsc alton in value.
Mt seems not unlikely, therefore,
kh,l this ha. been dus to the placing
The narhpt IN London OF large
hooks Of which the existence was not
k,nmonly known, or stocks which
fssn net known 10 be pressing for
bile.
"Bu, whatever the cause, the fall
[tu ben ~ great that 1t must rapidly
burct production, ttiscting especially
taas mines which produce only silver,
titilyer associated with comparatively
ut,uitcsni quantities OF other metals.
Thu, II 10 annou need already that the
Dtisilo and Daily mines at Park City,
rab, are to be closed down, although
hs miners employed In them scarcely
month ego agreed TO q reduction OF
siGep. These mines In 1896 produced
iQ4565 ounces Of silver, ON whic
1iaauclon the tf.Tence between the
present. price OF siiyer and The average
lss6 means lose Of about 100000
PIE two Oimpanies paiI divi.
f.b1s in 1856 TO the amount OF S2l7,.
~, eons,quenlly their cost OF pruIuc.
IN lat yeay was probably not lar bs-
wv The prtsenI market value OF the
nslal, Districts Ike Aspen, Reno
tid The san Juan, IN Colorado, and
PallllpIbutg, In Montana, are likely
suffer severely because their ores
ne s'stnlially sllveI.besrlng. On the
insf hand, the mines OF Butte. Lead.
que AID the Gear u'Alene, which
tts'tlnsle produced in 1896 upward
AWO,OOO ounces OF sllver In con.
,eNon with copper and LEAD, when
lNe' averaged 81 Il cents pei ounce,
WI mol b. seriously effected down by
~ aiop 10 % cents while copper anu
~ aie .eliiog as at Iyesent, though
a.t piOht' viii be OF course pro. or.
lsnilely dinlnished,D