The Archive · 1923

That Tired Feeling: Little Hope of Recovery

THE SILVER MARKET

Reporting from London on November 23, Messrs. Mon-taku & Ca. state:—

On the whole, the market has presented a rather tired appearance after the somewhat severe fal] of the last few weeks. There have been a few symptoms both from India and China of attempts to sound whether the bottom of the setback has been reached for the present, but the way im which the parity of prices in India and China keep below those ruling here, and the fact that the Indian bazaars have from time to time resold purchases previously made, do not yet give much hope of any real solid ground. The Continent is not active, but America is ripe for selling at any considerable advance.

We hear that the coinage of Mexico for September last was 36,000 gold pieces of 50 pesos each 4,600,000 silver pieces of one peso each; and 100,000 copper pieces of one centavo each.

The silver quotations to-day for cash and forward delivery are respectively $d. and id. above those fixed a week ago.

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

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