OCR Text |
Show CHAOS IN MONEY Recent activities in the international money market have lent weight to the belief that it will be impossible to achieve currency stability without definite relating the values of gold and silver. Silver, in spite of the 64-cent specified price, is now actually cheaper than it has been, because of the 80 per cent advance in the price of new gold. It is unable to do the work in promoting domestic and foreign trade that is desired of it. Foreign exchange remains chaotic and grave diculty had been experienced in devaluating the dollar, with its59-cent gold content, in its relation to the pound and the franc. And the looked-for increase in wholesale commodity com-modity prices has failed to materialize. Silver sentiment is growing it cannot be ignored in the warld maney problems. o |