THE MONETARY CONFERENCE.
ITS,PROBABLE FAILURE.
i , London, Deoember 12. A letter in the " Financial Times " states thai: in the event ol theMonetary Conference in Brussels failing, Melbourne speculators feared that silver would be unsaleable, and. that there would be a forced sale of Broken Hill Proprietary sh?,res on the market, and that the price of sinares would thus be daily reduced. But the facts did not justify a panic,, as whatever the result of the Conference, tbe movement of silver was confined to narrow limits. It adds that the prospects of the Proprietary mine were never better, and that the closing of small mines would prove an advantage. The " Daily News" considers that it is absolutely certain that the Conference will result in failure. New York, December 13. The closing down of the silver mines ! in Denver, Colorado, is denied. ! Berlin, December 13. Addressing the Reichstag, Count Yon Caprivi, the Chancellor, stated that Germany was satisfied with the present system of coinage, and was not prepared to make any sacrifice owing to the fall of silver.
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Auckland Star, Volume XXIII, Issue 297, 14 December 1892, Page 5
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176THE MONETARY CONFERENCE. Auckland Star, Volume XXIII, Issue 297, 14 December 1892, Page 5
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