Show SILVER TOUCHES LOWEST PRICE rK i T 1 T h IN IN ITS HISTORY HISTORY 7 1 l jL III LLO 1 Various Causes Ascribed in London and Ne New v York for Decline in WJ While e Metal NEW YORK YORK Nov Not O Bar l. silver in London Lon don has hl sold old at 23 2 3 f per r ounce tho tholo lo lowest st price In the history of ot the metal For f federal ses days das past the tIt quotation had been hanging around 23 5 5 d The Tho To quotation ton of 25 23 D 6 1 was established d on May 3rd of this year car but from rom that point there thero wa was waa a moderate recovery cry touching 2 24 9 le on Jil July loth The quotation then remained at fractions n abo above 2 d until Sep wh when n It fell tel to 2 d. d Inco sinco when It I h has been gradually sagging 1 Tho The principal explanation for tor th the current current current cur cur- rent low price irico of the metal Is apparently to b be bf i found In tho the cau causes which apparent have havo been een steadily forcing the quotation down for tor several years ears Chief among amons these Is the tho payment of 01 th thc tho hel heavy Chinese Ind Indemnity incurred b by China China in th the recent Chinese Boxer disturbance This Indemnity IK is I col cal d in I and deposited with tim tho large banks which deli act ns as tho the fiscal agents In China Chin of or the various GO CI Governments to which the Indemnity Is to br he bf paid The These The The- banks have little opportunity to ship the tho metal hut but instead remit remi through th the for for- exchange market selling their sliver In China Chinn ir If I commercial conditions were wen better belter It would seem that this accumulation tion timi of or sliver silver could be again distributed throughout the country Th The demand on th the continent for m r.- r. ago bl JO purposes also has fallen talen oft off or Local members of or th tha sliver silver trade AB- AB Af- Af crib the tho decline In tho tue metal to this shrinkage In demand and not to tn an increase In Increase In- In crease n in production Indeed l I U Is 13 claimed that tho the worlds world's production of at o silver this year ar has b been en considerably decreased Exports Fx- Fx Ex- Ex ports of ot the tho metal from No Now OW York which pors handles bandies a n largo large part of or tho the export budness business business busi bud ness have shown a a ht heavy decrease amounting to o cr 1000 Imports at atthe atthe atthe the same time have havo II decreased from about Ime up to this dato date last year nr to oro U from January 1st to October of this year ar |