The Archive · 1920

Montagu's Report

London, Feb. 19.

Messrs. Montagu's silver report says: "The record fall in price on February 14 was due to temporary selling by China combined with free selling by the Continent. A steady rally ensued, encouraged by inquiry from China and elsewhere. The substratum of strength in the silver ~osition was evidenced by this strong reaction in spite of adverse influences connected with the approach of the Chinese New Year, heavy sales of melted coin from the Continent, free realization of plate, ete., the latter being so considerable that the trade was more than supplied. from it. Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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