SUDDEN RISE
■IN THE PRICE OF SILVER. (United Press Association—By Electric Telegraph—Copyrght.) LONDON, August 12. The "Morning Post" comments bn a sudden rise in the price of silver to 18 15-16 pence per ounce, It -says! A buying movement began by some specu. lation in China. It was fanned by larger speculation in New York. The precise basis of this speculation is not discernible, as no development has occurred indicating any increased demand on the London bullion market. Therefore the paper apprehends that there will be a reaction. However, silver mining shares and cotton shares have advanced, the latter.being due to an expectation of increased Far Eastern purchasing power; hut the movement must have a more 'definite foundation before it can justify the hopes that have already been raised.
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Hokitika Guardian, 13 August 1932, Page 2
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129SUDDEN RISE Hokitika Guardian, 13 August 1932, Page 2
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