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BUYING OF SILVER

CHANGE IN AMERICAN POLICY LONDON, December 10. (Received Dec. 10, at 11 p.m.) The apparent sudden change in the United States policy of buying silver at a fixed price caused confusion on the London market, which, faced with offering 5,000,000 ounces from the Far East, waited for the usual buying orders from America. Those, after a delay of three hours, proved lower than usual, with the result that the London quotation, after months of stability, fell seven-sixteenths to 2s 43 d an ounce.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ODT19351211.2.78

Bibliographic details

Otago Daily Times, Issue 22751, 11 December 1935, Page 9

Word Count
86

BUYING OF SILVER Otago Daily Times, Issue 22751, 11 December 1935, Page 9

BUYING OF SILVER Otago Daily Times, Issue 22751, 11 December 1935, Page 9

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