PRICE OF SILVER
LOWERED IN UNITED STATES United Press Association—By Electric Telegraph—Copyright (Received January 2, 6.30 p.m.) WASHINGTON, December 31. President Roosevelt lowered the price the Treasury is paying for newly-mined domestic silver from 77.57 to 64.64 cents per ounce. For a year, with the New York price of silver about 45 cents, the United States Treasury has been paying a bounty of approximately 32 cents per ounce. The new price is more in harmony with the world price.
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Bibliographic details
Timaru Herald, Volume CXLIII, Issue 20925, 3 January 1938, Page 9
Word Count
79PRICE OF SILVER Timaru Herald, Volume CXLIII, Issue 20925, 3 January 1938, Page 9
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