The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-12-09
THE PRICE OF SILVER
WHYIT SHOULD ADVANCE
LARGE EUROPEAN DEMAND FOL
LOWING END OF THE WAR
is PREDICTED.

Those VINO are lneoflZlnS ABOUT
business conditions after the close OF
the war seem to neglect bar silver
which all interests agree should score
a remarkable advance, says the Bos-
ton News Bureau.
While the war goes on use of silver
in the arts in the countries at War is
nil, Proportion of silver so used TO
total silver production is at 10 8.
when the war closes use of silver for
the arts may be expected to make up
for lost time.>
one Of the biggest traders in silver
in this city says:
We are very bullish on silver after
the close of the war. We expect a
moderate advance at present mas
much as India this season has bought
no silver and as the requirements Of
England and France and Other coun-
tries for coinage purposes is great
Increased Silver Coinage.
During the early months of the war
soldiers and officers received their pa!
in paper money. So long as such
forces were in their own country pay
ment In such a medium worked all
right, but when the armies reached
remote points in France and came to
the Dardanelles something other than
could not be of service because by far
the largest part of the gold supply
had to be kept in reserve and a great
deal had to flow to America. In con-
sequence, England, France and other
countries turned to silver and have
coined vast amounts.
Another factor will come into prom
inence during the coming months.
That is China, where the measure pro-
viding Standardization of coinage
throughout China, and long dormant
during the republic is being revived.
Should China press at once the stand
demand for 15O,0OO,0OO ounces, valued
at present at about $75,000,000.
Mexico has produced practically no
silver for months, and the Cobalt re-
gion has been unable to ship much
silver as it's refining processes were
dependent upon Germany and that
country naturally lent no aid to the
Canadian region.
AS an offset to this dearth of supply
Peru and Chile have shipped consid-
cradle silver to the United States. In
addition, silver as by-product of the
copper companies has increased pro-
portionately to the advance in copper
production.
May Remonetize Silver.
While it is probably far cry to the
reconciliation of silver, something of
the kind under some less alarming
name, has been suggested as probable
when the impoverished nations OF
Europe start in to adjust their fin
ances and their circulation media az
ter the war Germany especially ana
England and France to a less extent
have at present a mass OF paper
money, with small gold backing. Whlle
the war is in progress this currency is
accepted without question, but on the
conclusion of the conflict, 1t Is pre-
dicted. there will be demand for more
adequate security.
Gold will be demanded in interna-
tional commerce and to settle foreign
debts. and silver men believe that
some scheme will be found to back the
paper currency with a silver security
somewhat as our silver certificates
are based on silver dollars. A demand
for silver for this purpose, should the
plan ever be adopted would play an
important part in raising the market
price Of the metal.
AT the present practically the only
silver mines, excepting those in the
west, in active operation are those at
Cobalt, Ontario, the rest of the worlds
production coming principally as by
product from the electrolytic copper
refineres The silver values in cop
per ore occur principally in the car
Donates usually near the surface, ana
decrease in the sulphide ores at great
er depth, so that no substantial in
creases seem likely from existing cop
per mines.