Salt Lake Telegram | 1939-08-22 | Page 19 | Foreign Silver Price Climbs

FOREIGN SILVER PRICE CLIMBS NEW Y YORK RK Aug 22 TIle 22 UP The The price e of imported ed silver siver was jumped l 1 lj i i cents cent Tuesday to 37 cents an a ounce t The advance following I a further further further fur fur- ther mark up up mak-up in the London market mar ket widened the spread over the U. U S. S treasury's treasur's offer ofer of 35 c cents for mined foreign foreign silver siver ard and gave the London market first call cal on available supplies The treasury huge buyer of sil silver silver sl- sl sil- sil I ver in world markets from 1934 on for several wee weeks s has taken a aback aback a aback back seat while London dealers raised their bids over the American Ameri Amen can quotation to attract offerings In metal circles here it was wa surmIsed surmised sur sur- the European crisis had aggravated aggravated aggravated ag ag- ag- ag a tight situation in the spot silver market Hoarding of metal on possibility of war it was suggested brought In more buyers to compete with wih speculators who have been trying tring to cover short positions taken when the market late In the spring was confused I over the outlook for continuation I of U U. S. S government buying I