| Show TUE iiii SILVER OUTLOOK Attention wal was directed In thee these columns I fast st we weik k to the symptom of ofa I a movement In the price of silver bul bullon bullion lon lion And to the causes which were boo be leve to render such n a demonstration probable During the tho ent week ther there ha has been n a verification erl of this forecast flat Dar silver In London so ay wi will bo be se seen elsewhere In this Isue issue ot of has hal shown greatly In Increased Calc creased antI and the quotations have advanced to POt per ounce Thy Now New York market al also o lies bas responded to the tho rise rIfe abroad by 01 nit advance to CO canto tn ts el ounce th there re would scent to b be some somo connected with the tho demonstration thore is II also reason to that the hardening or of prices for tor Is legItimate Is duo due dueta duoto to ta actual conditions and has ls its caution In the position ot of th the IndIan tre treasury ur und and the of at silver In the form torm ot of rupees a oln le for circulation In that country The latest from Ion LOndo lon continue to dwell upon the tho fact that unless the Indian govern KOm ment Is willing to seriously embarrass Jeneral general trade In that lart ot of the world I It Wi Will be necessary for tor It to sliver upon n a l large scale and coin the same ame Into rupees such It Is hardly likely that the alleged determination ot of the Indian Council not to bt bu silver itt at above 27 per ounce wi vill hold go good rho indications In fact are that It has hus ben Lien buying thie perhaps to I a extent an and l tl t this is the demand which has hos cu caused e prIces both hero and In London to harden hanlen and ad adanee adVance Vance anee rather than mere for lor lorI fora I a rise by bulon bullion dealers and others f who consider It feasIble to take advantage ot of the necessitIes 8 of at the IndIan govern gOrn ment Recent larae large saleH of transfers on IndIa b by the tho council the deposit ot of moro more gold old for tor Is its account In Inthe inthe the Dank Bank ot of England and amid the dispatch of gold direct to India both Crol from Ln Len Lendon don nn and l Australia indicate that the silver re reserves of at that country ho have blen been and wi viii he be subjected to consider considerable able further depletion I It woul would seem HUlm that nt at the present time the tho 1000 to rupees held heid In the each lh Ie ic lere serve of the Indian treasury hiI less than ot of the total anti and competent authorities are ot of the ton Ion that should the intention of at Ire curing something like moro more gold Rold for India India be carried out I ft wi will ro ic cult In n a further re reduction ot of the eli sll eliar 1 ar holdings to abut about rupees I It can thus thul be readily appreciated that the position of oC the Indian government with reference to the carrying out ot of otIs Is Its policy constitutes s the thebes best bes argument t for tur higher Ilver silver prices thou hi has appeared for tor Ime some tUne Tut It mIght bt be remarked that the mo moment more ment In question ha has had bad on an effect upon tn in the London market not the least noticeable being the as f predation In the bonds And shares ot of |
