| Show THE SILVER OUTLOOK Attention wal was directed In these columns fast tast welko the tite symptoms ot of ota ofa a movement In the tho price or of silver hub bul bullion lion and to 10 the cuse causes which be bc to render such n a demonstration probable During the tho preSent week there hM has been I a partial verification of thi this foreast forecast Ear silver In l as wi will bo be seen elsewhere In this Issue ot of has shown gret greatly In Increased creased activity and the quotation quotations have advanced to per ounce The Th New York market also has responded to 10 the tho rise abroad by un an advance to G COY cents er r hul there would scent to b be some somo speculation connected wih with the demonstration there II is Ilso also reason to conclude that the ot of prices for tor II silver Is legitimate Is due to letual conditions anti hn has Is Its caton cation In the position of at the Indian treasury and the supply of sl sliver r In the form torm of rupees for tor circulation In that country Time The latest from Irom London continue to dwell upon the fact farl that unless th the Indian govern overn Jen meat Is willing to 10 seriously embarrass general trade In that lart or the world I it wi will b lie necessary for I it to silver upon n a comparatively large scale call ad and coin the same ame into Inlo rupees Under such sueh circumstances I It Is hally hardly Ikel likely that th the alleged determination of the Indian Counci Council not to bu silver at above lTd per ounce will 1 hold good The In fact ar are that It has hasben ben been buying this wk week perhaps to 10 n a considerable ble extent and th that t this I is th demand which hleb has hall caused prices bOlh here bere anti and In London Jondon to haden burden and ad adante ante anN rather than mere speculation Al for tor fora a rise by bulon bullion dealers Ind and who ho consider 1 it feasible to take advantage e of the necessities of time the Indian govern government ment Recent large sales lales ot telegraphic transfers on IndIa b by the tho counci council time IhA deposit of f moro more gold for Its lis account In inthe the tho Dank Bank of England antI And the dl dispatch of gold direct to India both bOlh from Ln Len don and Australia Indicate that the lw r reserves of that country have havo bee been a Ind and will 1 be subjected to consider considerable able furl further her depletion Jt ft would leem that at the present tm time the to rupees held In the tho cash reo re reserve serve ere ot of the Indian treasury le less J than of the total and competent authorities are of time epin Ion that should the Intention ot of ro curing something like mor more gold for India bo be C carried out it wi will reo re suIt In n it further reduction of the II ver var holdings to about rupe rupees I It cnn can thus bl be readily appreciated that the position or of the Indian government with reference to the car carrying ln out of 1 its pley policy constitutes the tho best argument for tor higher sliver lor prices than hal has appeared for tor sommie time past It might be remarked I tp that time tho move moe movement ment In question has hAd un aim effect upon many securities In Ih the London marke market not the lest least noticeable bing being the tip op In the bonds anti aad shares hares ot of I |
