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Show SILVER PRICES CLIMBSHARPLY NEW YORK. Dec. 30 (.Tl Speculative Specu-lative belief that the administration will continue to support the world silver market as part of its program pro-gram of high prices for U. S. -mined silver was the cause given here for tfit 'Harp I Ho lwls and ysetsrasy in the London open market and the even higher rise today in the local market. Some weight was lent to these surmises sur-mises by Secretary of the Treasury Treas-ury Morgenthau's announcement in Washington today that the government govern-ment will continue at least during January buying silver from Canada Can-ada and Mexico. Under a standing agreement, it will continue to buy silver from China. In exchange for gold purchases, at least until next July 1. Nd Formal Parts The government has been a prr-sistent prr-sistent purchaser of silver In other countries besides these, although no formal agreements hsve been in effect. Some traders consequently assumed the government would likewise like-wise continue purchasing in the London market and from India, where offerings hsve been rsther free of late. The domestic price of 77.97 cents an ounce (32.57 cents over the newly new-ly mined import price) expires tomorrow to-morrow night at midnight, but President Pres-ident Roosevelt has said he would announce some action before the old policy expires. Recent heavy selling In foreign markets, caused by uncertainty as to the administration's futurs silver policy, broke the world price at London to below 41 cents. Z Price Set Under pressure of offerings, on December 22. last. Handy Herman, Her-man, Bullion dealers, set sn "industrial "indus-trial base price" for silver In this country at 42 8-8 cents, or 2 1-8 cents below the government import price. This price fell Christmas eve to 42 cents snd remslned there until un-til todsy, when it rose to 43 3-8 cents, a rise of 1 3-8 cents. Yesterday speculators In London began buying on the expected continuation con-tinuation of the administration's policy. Bears rushed to cover, with offerings from India insufficient to meet their demands. In London today to-day shorts were paying H a penny over the rate fixed in the last two days, which is turn represented a 3-8 of a penny advance. Th recant rang ollnwa- Isnidoa I' . Pih.r In. In. IW. 22 ISlMSd M2 0.V) 42. Dae. 2:: 18 l-2d 141 Blrl 4-'i, IN'. 21 18 7-18d 141 47r 42 D.C 28. .,..18 3-ld Itflfin. I 42 Dar. 2n.....l8 7-lod I41.4nrl 42 Dc. 30 18 9-16d 141 74cl 43H |