Show 9 vw yB s THE RISE IN united stata economist the steady anso of lato in tho price of oti dilver her alys uia the tile duly daily graphic ji attracting the attention of the finan finau ci uil cili u il LI world not that it wae unexpected for thoughtful observers of monetary affairs hae have looked for its it coining coming for some time past but because an tin a appreciation of the tile value of silver meana means an in increase of the slue value 0 of f one of the tho most important of our domestic products and consequently is a matter of great interest to our own people and because indirectly it enhances the value of the metallic basis of a large clement element in our currency c y and thas gives to it and to mercantile transactions in in which it is is in n element creater greater stability sta bilty ty I 1 silver has advanced in arice in the london market to 45 41 18 1 8 pence per ounce 5 fine which is equivalent in in united states money to to 93 39 per bunco fine this is is not set yet up to the tile avera 0 o price of 1886 which A aich was in london 43 45 33 3 3 perce pence equivalent to 0 99 in in united betat staisa s mcney but the tile indications are that that figure will boi be reached and passed before long as the present upward tendency is is likely to continue the principal cause of this appreciation in in the value of silver is is undoubtedly the rise in in the price of india exchange in london consequent oa 01 increased importations of india products principally cotton and the demand for funds in india Indi anith with which to meet the outlays for railroad and other im improvements prove ments although other things are working towards tho the same end during the month of july the increase in the exports of cotton from fro n bombay for the english market over the exports for the corresponding month of last car was bales and the excess of imports import of this sta staple ale into england from all cf india for the seven months of the present year 5 ear reaches bales that this increase in in exportation from india arises not only from the fact that that country has an abundant crop but that england has a greater demand for it is ie demonstrated by the figures of consumption in great britain which show that thirty five million more pounds of cotton were there consumed in in the period from october 1 1886 to august 1 1887 than in the corresponding period of the previous year ear the exportations of cotton from froin tins this country to england which will soon begin to have an appreciable effect on tho the english markets there may lo 10 a certain extent cause a slackening in the demand for east india cotton but it is is not probable abie that they will stop the upward tendency of silver in in london whose markets haill control 0 I 1 the price of that metal they will bo be more unlikely to do so because the demand for silver in in england is is growing and there are indica eions of late that there is is not there such a plethora of that metal as was suppo ed furthermore the production of silver in ino unit x diio arn ill not be as great this year as last year ear when it was smaller than in in the preceding year car and lastly the testimony taken ken by the british gold and silver commission I 1 is s daily adding to the sentiment rapidly growing rowing in in england that tile reign of gold mono mahat country must soon como come to a close |