U.S. SILVER POLICY
ANNOUNCED Hi' TREASURY (United Press Association —By Electric Telegraph—Copyright.; (Received this day at 2.30 p.m.) WASHINGTON, April 25. The secretary of the Treasury' (Mr Morgan thau) stated the United States will continue to buy silver until it reaches 1.29 dollars an ounce, or until tl'ie- Treasury stocks equalled one third of the total gold.
UPWARD SILVER MOVEMENT
WORLD STOCKS VALUE RAISED
(Received this day at 2.30 p.m.) LONDON, April 25.
The “Daily Express” says the movement iof silver' has raised the value of world stocks from the low level around £380,000,000 to nearly £900,000,000. The present speculative movement is due to the great volume of money unemployed throughout the world. The first evidence is seen in shellac and pepper. Now silver has taken an upward movement it may spread at any time to other commodities. Speculators predict a- big rise in gains, and say there will be a shortage of wheat, barley, maize and nee.
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Hokitika Guardian, 26 April 1935, Page 6
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158U.S. SILVER POLICY Hokitika Guardian, 26 April 1935, Page 6
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