OCR Text |
Show SHORTAGE OF SILVER ! HEI088JTIMIC European Countries Now Coining Large Quantities of the White Metal 1 OVDON De 7 (Correspondents of tbe Associated Press ) The substi tution of siUer for gold co n following the w thdrawal of gold and the issue of paper money in its place has caused a so no us shortage of s lver here. Banks are st II able to obta n s 1 er o moder ate amounts from the Bank of England, but t is growing scarcer A case was recounted in the Star th s week of a man who asked for sil ter n exchange for gold o n at the Bank of t n gland an met w th a refusal re-fusal This is cited to show that the bank does not wish to encourage the public to draw on ts s lver - nee the war siIvpt has plaved an increasingly important part n the coin age of European conntr es as it haa made up the shortage n c rculation caused by withdrawal of gold The re duction in silver imports from the I n ted States and China during the war has further coml rated matters China bas been boara ng a last amount. The silver held b tbe Bank of Eng land n normal t mes an ounts to about f c mill on dollar The latest return phows onl) about t oO 000 S x months ago lxndon s stock of s Uer bulbon was e t mated at o er five million dollars Toda bull on brokers put t at about toJOUOU W th n the past few months the quotat on of bar silver has ad anced from 24d an ounce to 1 16d Meant ne both Englai d and the con t nental mints are working hard and absorb ng large quantities of sil er |