RUSH FOR SILVER
AIARKET WILDLY EXCITED U.S. GOVERNAIENT ACTION by EJeo. Tel. Copyright) ' LONDON, April 25. The Secretary of the Treasury, Air Morgentliau. stated that the United States will continue to buy silver until it reaches 129 cents an ounce, or until'tho Treasury stocks equal- . led one-third of the total gold. The silver market is wildly excited as a result -of the United States raising the price, by 6.46 cents. Tlie London price will proha b]y bo raised • correspondingly. SPECULATJ/VE BUYING. (Times Cable) (Received April 26, 10 p.m.) LONDON, April 25. The 'Pimes City editor says that the rise in silver is due to speculative buying, chiefly from China, nlso the anticipation that America will eventually buy at a higher price. Thus, if America, modifies her policy, u heavy reaction .will occur.
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Bibliographic details
Gisborne Times, Volume LXXXII, Issue 12538, 27 April 1935, Page 7
Word Count
132RUSH FOR SILVER Gisborne Times, Volume LXXXII, Issue 12538, 27 April 1935, Page 7
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