The Archive · 1915

The War and Silver

In July the weakness showed itself again. China was always ready to sell and India gave no support, rupees coming back to the Treasury. Towards the end of July the prices fell from 57rd. to 299d. within few days. On the re-opening of the mark-t after the Auqust Rank holt non August 7 was dAs the bests were very 1 Xiu to ever their commitments, and there were several in qui-ies for coinage, the price rose to 27%d.—owing to the absence of sales of shipments from New York. As plies began to arrive from New York the price fell to 24d. later in Shortly after the declaration of way the United States Government passed a bill authorizing the Pur ounces of H. Ver This step was no doubt taken enable the smelters to keep ope™ even should the export of silver om New York become impossible, -|tut thanks to the vigilance of out no such difficulty has arises nal fr

Text read from the printed page and cleaned; old type leaves the occasional error.

Your account