Elko independent. [volume] (Elko, Nev.) 1915-current, 1917-09-14

silver. There are many old properties
that can be reopened now and worked
at a profit. New York City mining
men and brokers are interested in Ne.
vada and ready to invest money in the
state. II Is known as the silver state
and the demand for silver is the chief
topic of conversation in every office.
The press OF the east and all over the
country for that matter is paying
great attention to silver and IL Is the
time now for Nevada to again come to
the front as the center of the worlds
silver market.
when the government placed an
embargo on gold it hardly agreed with
the talk that was heard on Wall street,
that since this country produced a
third of the gold in the world it made
little difference whether II was export
ed or not. 1t did make a difference and
it turned direct attention to silver
THE increase in the price of silver
can be attributed to several different
things, the most important of which
is the demand for silver from India.
Prior to the war England controlled
the markets of India and paid the
country for its jute, the principal pro.
duct in paper The demand for jute
became so heavy since the war that
the countries of Europe competed for
It and began paying in silver. Now
you cannot buy a pound OF jute in In.
dia without you pay for it in silver.
India Is known as the sink hole of the
world for gold. Every bit of gold that
goes into the country Is melted up
and made into ornaments. The ma
tives bury the silver and demand Il
for their products.
! THE request of France that this
+ country pay its troops on the front In
: silver has added greatly to the demand
d for coins and Japan has also come
: forth with demands for silver. All o
4 this great demand with no great in
e crease in production has sent the pric,
0 stay there.
3 when Guggenheim gave out an in
l. terview a short time ago in which n
e said silver would reach $l.2929 h
J. startled Wall street. None of the me
a there were ever in love with silver an
: they are not yet but still ,merc are FEY
Hr-hn vii
II white metal will reach the mark sc
by Guggenheim.
y THE production of silver in MeXic
" has fallen off sixty per cent and it wi
l. be many years before American il
Of vestors will go into the country agai
e to develop properties. During all thi
8. time Nevada will be called upon t
Ie supply large part of the product.
n. will mean a great boom for this stat
'r and silver stocks will be in great d
81 mand.
o. Il believe that the stock market fC
ID Nevada mines will be livelier durir
C. the next year or so than it has eve
T. been. The speculation in other mari
&c cts is being Curbed by government col
n troll and the Spectator is going to tur
At TO the silver mines where there is
he chance for speculation and an oppo
Id tunity for investment.
W when the buying begins in Nevad
ne the stocks are going to go up and whe
st they start up the buying will becon
general. People like to buy in ri
re ing market and that will be the case
Id this state"
IL Mr. Ralstonc has been in close touC
re with the silver market in New Vol
Id and came directly from there to Rem
On He has several mining deals und
ne consideration, some on the Comstoc
and will remain here for several day
His father, w. c. Ralston. was prom
nent in Comstock mining circles ar
was president of the Bank of Califo
,o mia during the boom days of Virgin
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