COMMERCIAL.
(Feb Electric Telegraph—Copyright.) [Pbb Press Association.] (Received 6 p.m., August 13th.) August 12. The Colonial Secretary of Singapore advises the adoption of a 3a British dollar on the old standard, or a 2s rupe piece. Berlin, August 12. The bank rate of discount in Berlin is 5 per cent. Washington, August 12. In the Senate, Mr Wilson has introduced a Bill to repeal the Sherman Silver Act. Senator Bland proposed to move for the reenactment of the Bland Act, by which the Treasury had to buy each month a minimum of 2,000,000 dollars and a maximum of 4,000,000 dollars of silver, and,further that provision should be made for the free coinage of silver at an increased ratio. Closure will be enforced on the debate should It nob be
terminated by the 28th instant.
The Treasury intends to adopt special measures to absorb gold from oubTreasuries in the Western States. Twenty* five million of gold dollars will be added on Monday,
A clear majority of the House of Re* presentatives favour the repeal of the Sherman Act. Those interested in silver will concentrate their attack on the Sherman Repeal Act in the Senate, where, it is said, there is a majority against it.
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Bibliographic details
South Canterbury Times, Issue 7286, 14 August 1893, Page 1
Word Count
203COMMERCIAL. South Canterbury Times, Issue 7286, 14 August 1893, Page 1
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