400, Canton—small coin to be melted.
Tis: 1,500,000
Shipments nil.
Arrivals were $240,000 from Nanking. 200,000 Kashing.
100,000 Hangchow.
100,000 River ports.
50,000 Wusih.
$690,000
Shipments were $400,000 to Hongkong.
The market has been remarkably steady throughout the week with a firm tendency, Thursday's London quotation for ready and forward delivery was 36jd., as against last week's price of 353d. The price in America on Thursday was 71}} cents, business done. The market appears for the time being to be dependent on the demand from China, which again depends on what activity there is in exports. Local stocks of Sycee have increased by Tls. 91 lakhs during the week. New York/London cross rate is 441}.
The market has been steady to firm at about the equivalent of silver, or a little over. A very moderate amount of bills have been making, but the amount of genuine mercantile business offer-g has been very small.. The ated rate for Sterling T.T. selling, 3/64d. on closing last week, remained unchanged till yesterday morning, when it moved up to T.T. 3/7. At the close of business the market appears steady, with some banks offering to sell T.T. 3/77. June/Sept. For Gold Dollar T.T. banks are offering to sell at 79 ready and near. 4 m/s L/C sterling bills can be placed at 3/8d. and 4 m/s Gold $ L/C at 81.
Text read from the printed page and cleaned; old type leaves the occasional error.