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Show PLATINUM DECLINES $4 AN OUNCE; OTHER THINGS MADE LOWER NEW YORK. April 15. Platinum, which bounded up in price several times last year and kept on the upward movement move-ment the first three months of this year, began two weeks ago to turn the other way. and since then has fallen $4 ' an' ounce, going down from $38. the top mark, to i'.ii. Refiners nay that there Is a likelihood of a further decline. People who buy diamond Jewelry, photographs.- dental and electric supplies will bp benefited by the fall in the price of platinum. In the Maiden Lane Jewelry district the cheaper platinum comes as a great relief. re-lief. S. Colin of Belals & Colin, when asked the reason for the drop in the price of platinum, said that financial conditions in Europe were responsible, he believed. He said that European holders of the metal who were keeping it in stock had pledged it as collateral security on loans and these loans were recently called. This obligated some men who had a lot of platinum on hand to put it on the market and the lower price followed. fol-lowed. J |