London, Sept. 26.
Although to-day's further rise in silver is generally attributed to [speculation and opinion being divided fas to how much the United States is actually buying, authoritative an-formation from New York is that President Roosevelt must continue buying in order to appease politicians, although he will limit purchases 10 the smallest amounts possible.
London financiers believe that American speculators' overbought position, which a few months ago was very heavy, has now been liquidated, thus removing a hitherto uncertain factor.
Bankers are still entirely uniinformed regarding the extent of China's silver embargo, but Chinese speculators are reported to be both buying and selling silver 'n London.
The psychological factor, which is not unimportant, is that the price of 22 pence, which was the highest since December, 1929, was long regarded as sort of an unsurpassable Rubicon. Now that the barrier has been crossed, speculators may be stimulate ed to further heights. seo there were no Gold Unit shipments notified during August 19% for either Inport or export from of to China by or to any country abroad, Jawuane-Avouer—Avcust Janam
Text read from the printed page and cleaned; old type leaves the occasional error.