Salt Lake Herald | 1901-12-04 | Page 6 | Silver's Steady Decline

STEADY ADY DECLINE I London Attribute it to Light De Dc Demand mand en on the New York Dec Dee 3 T Journal urna of ot I Commerce says Bar silver was wa quoted in London Jondon yesterday at 26 1601 per r p ounce This Thia t it the lowest price In about three years the t he high highest est eeL in that period basing been reached at a in lit l 1 m J During the i i i eek the price frice rite has ban banI I d off ot allut a foil In P among Healers In aJ HV r t to show that fiat th the decline U i w tiia th price is not noL lue to in ln care tase in production but to a d i r t ae ease in the demand mand in continental 3 The two great foreign marl mart s for 1 i sliver silver at present ara ar tb tt cant ernt t j and nd India d it is that h 11 of these thee two f 11 MS is necessary to toma toma toma ma the j l h t India H is I at pres preM present l ent l about iu ita u ua quota M f sit sil HI ei but ut l the demand demaud on the continent ha lIa n 11 much curtailed The domes tI ii i mand runs along evenly with 1 lit ill fa As to t the reason for tor the theU U tI di i c in the th demand from tile ie e conti A t inie seem to bi be M some me difference t I IG It Ij G t j I of opinion There is 1 at times ronald could considerable erable speculation in silver as a in metals like copper an I tin It is ar argued argued argood I gued good that t at a large lale surplus is to being be car ear carried carried earned ried ned in this country This however is denied by the refiners rethers who declare they are selling their product as II fast fust as it itIs itis itis Is refined and explain expiate the decline by saying simply that t Ute iii continental de do demand demand domand mand at present fe I dull