New York, Dec. 20.
Today's further advance of one cent in the New York official price for silver was caused by heavy speculative buying by India and, to a lesser degree, by London, according to local banking circles.
Messrs. Handy and Harman's official price for New York bar silver was listed today at 361% cents, compared with yesterday's level of 35% cents.
Confused by European war trends, Indian merchants are reported to be converting their currencies into silver bars for hoarding.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.