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P.TG DRIVE ON SILVER. (U.P.A. bv Elec. Tel. Copyright.) LONDON, April 21. The Daily Telegraph's financial editor reports that speculators had another bid drive on silver on Tuesday the price reaching 32|d, the highest since 1920. The swing up was due to the United States adhering to the 2,5 per cent silver backing for its currency. Washington could defeat the speculators if ip revalued silver as it did gold. SHADOW OF GENERAL RISE IN COMMODITIES. (U.P.A. by Elec. Tel, Copyright.) (Received April 25, 11 p.m.) LONDON, April 25. The Daily Express City editor says that the movement of silver has raised the value of world stocks from a low level around £'380.000,000 to nearly £900.000,000. The presentspeculative movement is duo to the great volume of money unemployed throughout the world. The first evidence was seen in shallac and pepper and now silver has taken up the movement. It may spread at any time to other commodities. Speculators predict a big rise in grains and say that there will be a shortage of wheat, barley, maize and rice.
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Bibliographic details
Gisborne Times, Volume LXXXII, Issue 12537, 26 April 1935, Page 5
Word Count
179CCINCG UP Gisborne Times, Volume LXXXII, Issue 12537, 26 April 1935, Page 5
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