As to silver the outlook is not par- j
ticularl.v bright. The plan of the In
dian currency commission to retire j
large quantities of Indian rupees, if
finally put into effect, will curtail one
of the world’s great silver markets
Mexican financiers are keenly wor
ried over the silver situation, since J
the exchange ratio of silver for gold
has fallen. This will tend to induce
further sales of silver for gold and the ;
hoarding and withdrawal from circu- j
lation of the latter.
RAILROAD APPEALS.
New York, Ontario and Western.
Attacks Valuation.
B.v the A,sM>eiatP(l Pres*.
The New York. Ontario and Western
Railway tiled in the Supreme Court
today an appeal attacking the ten
tative valuation placed upon Its prop
erty by the Interstate Commerce Com- j
mission.
Its principal objection was against
the valuation which the commission
placed on its working capital, ma
terials and supplies.
RAW SILK EASY.
NEW YORK, August 11 (4b.—Raw \
silk easy; prices per pound, Japanese
grand double extra, 6.35a6.40; double
extra. 5.90a6.05; extra. 5.90a6.00; best
No. 1 to extra. 5.85a5.95; Clanton, new
style, 14165. 5.00a0.05: Shanghai
steams, three dancers. 6.20.
$150,000,000 Group Insurance.
NEW YORK. August 11 CAP).—
(Troup Insurance aggregating $150,-
000,000 has been placed on employes
of the Carnegie Steel Co. in the Pitts
burgh and Youngstown districts. The
value of individual policies Is based on
the earnings of the holder.
I EVERYMAN’S
INVESTMENTS ;
BY GEORGE T. HUGHES.
" *" ~ " 11 " j
Purchase of securities on the in- j
stallment plan is not always inadvis j
able. In ihe preceding article some
of the objections to this procedure
were pointed out. They do not. how - 1
ever, apply in all cases.
