People's Pilot, Volume 4, Number 42, Rensselaer, Jasper County, 6 April 1895 — THE ACTIVITY IN SILVER. [ARTICLE]

THE ACTIVITY IN SILVER.

• Starr Colgate Says XL ii .>ll on a Specu.New York, April 2. —Activity in silver, which has been noted of late, continued yesterday, when about 300,'>M ounces were sold in the market here. In speaking of the silver market and the causes and prospects of the present movevent Mr. Starr Colgate of the firm of Nesslage, Colgate & Co., • “The movement began on receipt of the news from Germany favoring a bimetallic conference. It was helped when a motion that seemed to lean toward such a conference was made in the English house of commons. The news of peace negotiations between Japan and China, to carry a large indemnity in silver, also had propelling force. A good deal of silver is now under lock. It will come out fast enough when the speculators believe that the advance is over. I cannot see in the movement much beyond the speculative feature. Talk of bimetallic action by Germany and England seems to have subsided. If it is to be revived It must be done by these countries. A debtor country like the United States cannot lead in such a movement. We have had silver troubles enough without inviting others. "In regard to an indemnity to be paid by China, if has seemed to' me that gold might be demanded. Dispatches speak more of silver, but Japan is earning a reputation as a country of advanced ideas, and it may be that talk there of putting the finances on a gold basis may be emphasised in the demands on China. I am inclined to look on the present movement as speculative.”