Messrs. Samuel Montagu & Co.'s silver report for November 18 states The market has been inert since we last addressed you. The China exchanges—corresponding with the lack of any activity in export business from that country—have been retrograde, and silver therefore has not been in much request on Far Eastern account. The Indian bazaars have been inclined to make bear sales. Supplies from the Continent have not been large: had they been at all free, the movement of prices downward would have been much more pronounced. We cannot regard the market as healthy, especially as there has been some selling here on China account; for, as we have indicated in a recent letter, the present and the near future of the silver market depend more than anything elss upon the attitude of China. The
Text read from the printed page and cleaned; old type leaves the occasional error.
