The Churchill county standard. (Fallon, Nev.) 1908-1920, 1919-11-26
SILVER PRICE is NOW
HIGHER THAN FOR YEARS
Demands From The Orient Have
Forced the Price of Silver TO
Highest Leyed For Years


Silver has continued on strong
upward course and is now command
ing $1.2S an ounce, which is the
highest price touched in decades.
says the New York Curb.
This price is within one and one
fourth cents of the gold parity of sill
yer dollars, at which price the metal
content of the coins is worth their
face value.
The demand for the precious
white metal from China persists and
is the main reason for the advance
in its price
Although sales are now being
made at $1.2S an ounce, the so
called official price of the metal is
only 1923 1-3 an ounce
A large percentage of the sales
which are now being effected are for
San Francisco delivery for shipment
to China, whose demands for the
metal is persistent and apparently
Unsuitable.
II any one had yentured two years
or six months ago the prediction
that China would ever control the
silver market of the world, he would
have been laughed at, yet such is the
case today, brought about by the
world war
Prior TO the outbreak of the war
England had maintained the posi-
tion OF a creditor of India and China.
the trade of both nations being based
on silver. In China silver circulates
by weight more than by means Of
coins.
The financial domination of these
two vast countries, with a total pop
ulation of about 750,000,000, was
secured and maintained by England
through its immense export of manu-
faetured goods to both countries and
its virtual monopoly of the ship car
rying trade, its only competitor be
lux Alt luM AEAuiiil hEl Al al Gln Hil e
In this position it was possible fos
London dealers in silver bullion to
fix the price of silver from day to
day, especially as there were i'm
mense reserves of the metal held
there. and English ownership Of
producing silver mines in Australia.
Peru, Bolivia, Mexico and Burmah
gave to London virtual control of
the worlds silver production in the
anne manner as it controls the gold
production of the world today.
The world war has changed this
situation. To maintain its "far
flung battle line" England had TO
draw upon India and China for men
and supplies to a vast extent at prev
iously undreamed of prices. 1t is re-
ported that over $4,000 Chinese cool
les were working behind the British
fronts in France and Belgium, and
an immense number OF indian troops
we're sent to France, Mesopotamia
and East Africa, and nearly 100000
camels were used in the Meso-
potamia campaign.
Supplies for these men and camels
were purchased in China and India,
and thus, from a creditor nation
England is now debtor to both In
dia and China.
The Chinese are the greatest gam
blers in the world and some of the
silver now being shipped to the
China banks may have been bought
for speculation, but the greater part
is being accumulated to settle trade
transactions at the Chinese New
Year on February l and 2, when all
financial obligations are met and the
merchant starts out again free of
debt. or is supposed to do so.
Undoubtedly much of the silver
now being shipped to China goes
from there to India, the Malay States
and the Dutch East Indies. BY dew
ious routes ii travels from China by
caravan to Thibet and Burmah and
from India the rupee goes to Arabia,
Persia, Mesopotamia and even East
Africa and Absynnia, where native
traders of India are settling and In
PRODUCING their habits of boarding
the metal as we'll as consuming vast
,,n,tft;o. 90 arna pnante