Ogden Standard-Examiner | 1926-08-06 | Page 12 | Silver Market

C 4 I i SILVER MARKET I NEW YORK Au Aug 6 By By The The Pres-The Press he The reduction r In the silver reserves of the Indian Government under th the plan ot of the royal currency commis commis- commission commission commission sion to establish the gold cold standard In In India caused another sh sharp rp break in the price ot of bar silver here today The Tho quotation in New York was waa lowered mor more than a cent to 51 Yo c an n ounce the lowest since August 1921 Recommendations ot of the th cur cur- currency currency currency rency commission to stabilize e the Indian rupee rupee- on a II gold cold bail basis bale pro pro- provide pro provide vide that paper money In that coun- coun country country country try will cease to be b convertible Into sliver after aCter confidence In paper money Issued against a II old gold ye re reserve serve Is once established Over the next ten years It Is es- es estimated that nearly ounces of H cr will wili be b wn upon the market as a result of ot the change LONDON Aug By G-By 6 By The Tle As Press Bar Press Bar sliver sliver-IS silver 8 d iper per ounce NEW EW YORI-Au YORI YORK Aug B 6 By 6 By The Thc Associated Bar Press Press Bar sliver silver GH 61