The Russian Soviet Goverament is engaged in reminting the whole of the gold reserve against. the chervonetz issue (which amounted on the Ist instant to ch. 5,693, 07.7) into a chervonetz gold coin nominally equal to 10 roubles, and containing 119.4526
The outlook in piece goods. has brightened considerably during the week. Demand from many quarters has been noted. which may be put down to several causes In the first place money is easier, and accordingly speculators and dealers have had the opportunity to give freer play, to their ideas of prices. Goods bought at_ this week's auctions donot require to be taken up until after China New Yeay, and the hoped-for better financial facilities have been' a factor to induce a larger volume of business. In addition the continned strength of the auctions for several weeks past has given great confidegee, for dealers realize the shortness of stocks here and have undoubtedly "come to the conclusion that, there is are low and holders in the country are at present evidently determi. ed to hold out for higher prices than the parities of limits from Home markets.
Goatskins and Hides—Supplies are small as yet and in view of the situation in U.S.A. prospects of business with that market are ab present decidedly remote. 5 Raw Furs—Some small forward contracts have been made for sundry raw skins, the season for which is drawing near.
Text read from the printed page and cleaned; old type leaves the occasional error.