SUDDEN RISE OF SILVER
DUE TO SPECULATION REACTION PREDICTED. London, Aug. 12. The “Morning Post,” commenting on the sudden rise of silver to 18 15.16 d per ounce, says that the buying movement began by some speculation in China fanned by larger speculation in New York. The precise basis for the speculation is indiscernable, as no development has occurred indicating an increased demand on the London bullion market.
Therefore the paper apprehends a reaction both in silver mining and cotton, Shares advanced for the latter on the expectation of increased Far Eastern purchasing power, but the movement must have a more definite foundation before it can justify the hopes already raised.
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Bibliographic details
Hawke's Bay Tribune, Volume XXII, Issue 205, 13 August 1932, Page 8
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111SUDDEN RISE OF SILVER Hawke's Bay Tribune, Volume XXII, Issue 205, 13 August 1932, Page 8
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