Salt Lake Telegram | 1930-12-12 | Page 29 | Bar Silver at Record Low of 32 1-4c an Ounce

t Bar Silver at j j Low of t 32 40 l 1 an Ounce Ounce NEW YORK Dec 12 AP AP Ba Bar 1 sliver silver established a n. now historical low ow tor for tho second this week today oday dropping 1 j 8 3 s cents to 32 33 4 1 4 cents an oun ounce On Tuesday the he metal broke to 33 cents After breaking sharply In June Juno silver had maintained a better to tone tono no early early- November Since then It t has been sagging almost stead stead- Uy ib The price of or silver Is regarded regard as an Important factor In the pre present ent economic as It if affects the purchasing power of t much of ot th the far east cast where v that metal Is still n needed ded as a monetary base hase Since th the first of tho the year ear s vcr h declined from front 46 8 7 cents to the the pr present sent price of ot 32 1 4 theoretically theo theof redu reducing ems Chinese In power about 28 8 P per r cent Tho The latest weakness of the tho metal Is Is attributed by bullion bumon brokers to a sl slack demand from Industrial consumers and sales by the far far- east to purchase the exchanges c of ot countries countries' on a gold sold standard Until China becomes becomes' once more moro ii a buyer brokers broket's see seo little prospect prospect- t. t of a a. sustained rise In the price