Word: argento
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Dates: during 1920-1929
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...ounce. A month ago Chinese speculators held approximately 20,000,000 ounces of silver, at the end of last week they had sold 50,000,000, were apparently on the short side to the extent of 30,000,000 ounces. No El Dorado but an El Argento is China. It is the only important country on a silver basis currency. For many a year it has been one of the chief markets for U. S., Canadian, South American silver. But lately silver prices have decreased, the Chinese market slowed. Reasons: overproduction of silver in the U. S., Mexico. Then...