THE FALL IN THE PRICE OF SILVER.
London, August s.—"The Standard" in its financial article referring to silver says:—"lt is difficult to see where the decline will stop, resulting as it does chiefly from the extent to Avhich the forced liquidation of the holdings of American speculators hare yet to be'earried. Since Japan threw silver over there has been no outlet for the production of the mines. India might re-open her mint and relieve the monetary stringency in all her markets, but her position is so bare iinancially that that she must borrow money with which to do that. Nothing, therefore, is likely to be done. The market must just find its level."
The "Times" in its financial comment this morning admits its inability to explain the persistent weakness of silver, but thinks it due perhaps to a well-grounded belief that the results of the American Bimetallic Commission, headed by Senator Woleott, are not likely to prove satisfactory to silverites in the United States.
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Auckland Star, Volume XXVIII, Issue 208, 7 September 1897, Page 3
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164THE FALL IN THE PRICE OF SILVER. Auckland Star, Volume XXVIII, Issue 208, 7 September 1897, Page 3
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