Show SILVER tumbled it 11 is now only 77 casper ounce THE I 1 LOWEST POINT YET it may hasted a settlement of the silver question mines close NEW boax june jane 26 the cessation of tha free coina coinage e of silver by the gov P eminent of india and the falling of the price prica of the metal on an wall street to 77 7 cents an ounce was a fruitful source of conversation among financiers business was resumed ned with a general feeling of depression growing out of the combination of 0 unfavorable circuns 4 stances fresh failures fal fai luren urca from various parts of the ca country and stringent money were wera a good foundation for the announcement of the stoppage of I 1 the indian silver mints A prominent banker who Is IB also one of the heaviest besky iest silver bullion dealers on wall street said to a reporter when the announce meat ment cr came ma that to is a crushing blow to silver the effect will be ba paralyzing upon the tha silver market and I 1 thin thinie k a settlement ot at the vilver silver question in this ca connary is Dovat 11 0 w at band hand the mints b had been 0 opened p e ned for free co inage coinage and such im menee quantities of saver had been presented by private parties and the cir ci ca lation of silver became so great that afe t e price dries of the indian rupee has been declining steadily for months this brought about the suspension of free coinage still another large bullion buchon shipper had bad this to say pay 1 11 I dont see eee now the action of the indian government in closing the mints will much diminish the demand for in india india is ih a creditor country connary and I 1 do not see eee how her balance of trade is to be settled save in the old way by imports of silver if the mints are closed to private persons then the government will vill have to import silver for coinage purposes in place of I 1 private parties the government will be compelled to do so as the indian banks banka do not buy silver in the market lu in london the depreciation of the ropes liss ha stopped but beyond sentiment I 1 do not see eee thit the silver market will be greatly af fectea at the sub treasury today to day the payment of interest on the united states stales 4 oe der cent bonds duo due july has begun began the total pay payment ment will amount to and theureda the prepayment payment ore preDa y ment of the sum wilt will it is said haye have a very benefi cal effect but bit as one ona bank president buvit pu ti Alt although bough the boil burst the sore place will not be healed he aled until after af t er th the 8 sherman silver law has haa been repe repealed aNd 11 durina darina the dayl the highest rate quoted for money was 10 per cent at 2 it was bif offered ered at 8 percent per cent clearing house certificate to the amount of were issued today to day telegraphic transfers of to san ban francisco were made through the sub treasury today to day after the he close close of business an application was 8 received for the transfer of nw in in addition 0 in currency curren cv was sent by registered letter latter and express to the pacific coast |