Ogden Standard-Examiner | 1921-02-25 | Page 8 | India Flooded by Silver of America

INDIA FLOODED BY SILVER OF AMERICA LCJNDOEC, F. h. 25. The weekly bullion bul-lion circular Issued l.y gamuel Mon- tague A Company, commenting on the fall in the price of sliver, remarks that India as an absorber of silver has now failed owing In the acrJon Ol American banks In inundating tli-bankers tli-bankers with sliver to such a degrSj BS to uhdermlne their confidence. The circular chi r.ictcrl.es silver "npl unlike a baby abandoned upon n; doorstep." It looks, however, to Midi:, Mi-di:, ' ancient affection for silver for relief and thinks that a return of silver sil-ver to it.-, pre. we r v alue ought to stlm-' ulate exports ot gold, of which II says India possess. - large 11 m u lal io lis. In exchange for Silver, which would' have a favorable effect on sterling ex- hange In the United states.