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Show THREE SILVER PRICES QUOTED NEW YORK, Dec. 22 IJPA new price for ailver was quoted Wednesday Wednes-day to consumer! In the arts and industry as mining men waited for an expected year-end announce- ment of the U. S. government's policy on purchases of newly mined metal for domestic mines. Kor transactions with the arts and industrial users. Handy st Har-man, Har-man, bullion dealers, set a price of 42S cents an ounce for imported metals, based on the London open market price, around 42 cents. This made three quotations for the metal in this country. Supported Sup-ported by a treasury "peg," the New York price for imported silver remained re-mained at 44 V cents, while the government price for newly mined offerings was approximately 77 cents. Heavy selling in foreign markets recently, attributed mainly to uncertainty uncer-tainty over what the United States would do at the end of the year and to increased offerings from the far east, broke the world price at London Lon-don to around 41 cents. Since then there has been some recovery in the London price, but the remaining disparity was wide enough to prompt Handy A Har-man Har-man to adopt what the firm designated desig-nated as aa "industrial baas price," figured on the London quotation. The firm indicated it would continue con-tinue to quote the industrial basis as long aa the disparity exists. Under a four-year international agreement, which expires at the and of this year, tha treasury has been paying domestic producers a large premium, now amounting to about 35 cents over the London open market mar-ket quotation. Treasury authorities have indicated the policy of paying a premium for newly mined metal , would be continued, but gave no ' indication what tha price would be. |