We hear that the Government has had the silver question under consideration with regard to the local currency, but no information as to the tendency of the deliberations is as yet available.
The Chamber of Commerce has not yet moved in the matter, No confirmation of the report telegraphed by Reuter's Agency that Mexico intended to stop silver coinage has been received.
The New York market was closed on Tuesday, being the Fourth of July.
The quotation for silver on the London market was 34}d. to 344d. The market was steadier owing to buying for Persia, The position continues unsettled.
Local exchange quotations yesterday were the same as the previous day. T.T. on London are now quoted 2s. 6}4., a8 against 25. 4d., the lowest. point touched (30th June), and rupees have risen from
Goh July.
Text read from the printed page and cleaned; old type leaves the occasional error.