The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-04-06
SILVER PRICE ADVANCE
ADD PROFITS TO MINERS
ELEMENTS TEND TO MAINTAIN
HIGHER PRIcEs-MEANs
EASY MONEY.

AZ Co. have the following CONNIE
on the advance in the price of siiv,
In a series OF sharp advances SLY
metal has risen to 6O& cents an Gun
with prospect of further sharp a
vances next week. The present pr
represents an advance Of 3A cents
ounce over the price prevailing a we
ago and gain OF IAN cents an DUN
over the low price Of last year. {
the basis Of the 1915 output of 1871
400 ounces Of silver produced in Il
United States last year, the ga
from the low figure represents n
creased profits of more than $40, 1000
coo for the silver producers.
There is foreshadowed silver MAI
ket that will parallel the sensations
copper market Of 1915. The strai
ON the silver market ls now being fel
With India and China resuming buy
ing. with London accommodating III
white metal, with Mexican production
eliminated and with the leading pro.
ducers ~ silver in this country oper,
atlnc IN . reduced basis. the sidc'
In the silver situation has been 7aker
up, surplus stocks absorbed and sill
Yer Is 1nce more coming into it's own
Europe Buys Heavy
Europe nas been heavy buye. Of
silver r. emily Accumulation Of the
metal has heen going on, and efforts
made to keep down the price unit,
requirements have been filed What
this ac2umIl ation portends may best
be visuaiihCd in the prospect Il a
RECOMMENDATION of the metal after the
war, disability that may arise out
Of the financial conditions of the be-
legerent Countries following the ces-
sation Of hostllities Just at present.
however, the advancement in the price
Of base metals is greatly responsible
for the demand Of silver for coinage
purposes.
Americans Have Advantage.
The Mexican situation Is a tremen.
duous factor 1t is estimated that Mex
leo, in normal peaceful times, with
its mines running to capacity, pro-
duces 30 per cent of the worlds out
put of the metal. other producing
centers have also been adversely af-
fected by the war in Europe Cobalt
does not occupy the position. as n
camp that It has done as a producer
of the metal, owing to the exhaustion
OF ore reserves In some of its mines.
This leaves the American silver pro-
ducers In very advantageous posi-
ton as the chief source of the metal,
under steadily increasing demand
which may reach record breaking pro-
portions.
Add to Occur d'Alene Profits.
The advance in silver Is of further
reaching effect than is generally real
lied, because of the association of the
metal as a by-product in the produce
ton Of other metals. To Cobalt and
Tonopah producers, which yield sill
yer as an original and prime product
he advance in the price of the metal
should bring gigantic increases in
But the effect of the rise
m the silver-lead, sllver-z zine and the Z
upper producers should not be over ,
ooked. Thus to the silver-lead pro- /
ulcers of the Utah camps, the rise /
n silver Is of great importance. Utah $
mines produced 100000 ounces Of h
liver in 1915, and the bulk of this 9
utput was in the form of a by-pro- G
uct. The rise in silver of IA cents an
unce, therefore, means additional
rofits of $1,6SO,OO0 to the silver-lead
roducers Of the state. To the Occur
Alene mines the gain is approx A
ately of the same amount. To Ana Ii
'nda alone this gain of IA cents an M
lnce means on its annual output of of
100000 ounces of silver, an added w
ont of more than 100000. tn
Been Storing Silver. so
Increased silver prices mean lust so IN
UGH more money available for divi- in
mas Moreover, many of the leading no
yer producers have been storing "6
cir silver which they will now
obably market as the higher prices tn,
evail. This means that they will de
IKE up part Of what were indicated CHI
be shrinkages in earnings in 1915. &c
would appear, therefore, as though the
10 earnings would be substantially moi
owe those Of the previous year, es- pli
eially in the case Of the producers fro
silver as a by-product to their or /
nal product of lead, zinc and copper is
cause of the record breaking prices ito,
the base metals. ma
Maybe 100000 Increase Here. or
The average for more than year his
ce the war began was under 20 flct
is. An advance of 10 cents an ounce II
price to so cents means to shoshone def
nty alone an increase in the 10 I
ne Of its normal silver production tob,
a year. For the SLOGAN seel
adjacent sections of British Co. dict
bia, whose normal output of silver flcu
approximately 100000 ounces a n
r, or one-fourth that of the Occur star
enes, 1t means an increase of the
'ooo q year kno
ne enhanced price Of silver would. of
ever, materially stimulate produce the