Messrs, Benjamin sod Potts inform Banco do ne that s cable has been received from radaally dwindling away by London that the (Oriental Consolidated way of private aales, and that at present Korea, has declared not more than about 1,500 tons remain to be sold. Moreover, prices are now near the level at which it will not pay to produce reclaimed robber, and many other substitutes which came on the coat ovtrur. market daring the memorable boom of 'The Ubinese Engineeriog and Miniog 1910, In America consumption is Ca,, Ld. inform ax that the total out-steadily increasing, and it is said that pat' of the company's three mines for daring the present year nearly 300,000 the week ended November 11, 1911, motor cars will be manufactured. They amounted to 29,050.19 tons and the also state that the Pari crop of 1911-12 lea daring the period, to 23,453 67 will most likely not exceed the last one tons, that the ontpat from the Congo is continually declining; and that the Mesars, Samuel, Montaga and Co.'s actual yields of the the circular dated London, November 2, East are rem: faye that "over " milieu warling bar gold arrived from Africa. It will Considering these facts, they not be possible for the whole of thi re of opinion that present prices amount to be refined in time for delivery discount a large part of any "bear" thia week; but whatever can be got arguments, so that the fature develop-ready will be shipped to France, after ment of the market may be looked for provision has been made for India with confidence, (4110,000) sod the trade. The net] The rubber statistics issued on let eftax for abroad daring the week is instant are of special interest. Th £439,000, although the Bank Retcra ible supply of hard Pari, of over £1,000.000." ing Caucho, is now given as 6,756 er, the circular notes against 5,861 tons on the same in the price of date last year. The increase over last the approximation year now only amounts to 895 tons, of the cash and forward prices. This whilst on May 1 of this year the excess was dae to moressed demand for was 7,569 tons. The figures for England prompt shipment to the East, as also are particolerly good. For the month because certain amount of speca- of October 2,221 tons were imported, lative sales were made for forward delivery at the higher prices now current." The "bullish" feeling in Bombay as to} the prospects of Indian coinage orders in the near futare and the hoarding of metal in China contributed to the upward movement, which was also helped whilst the delivery was 2,461 tons. The stock is now 3,680 against 4,505 tone at the same time last year. The receipts at Pari from the Jane 30 to October 31 are 8,640 tons, against 9,350 tons for the same period 1910. The landings and deliveries from June 543
30 to October 31 in England show ible improvement, the landings ing.509 tons, whilst the d were 6,028 tone.
In Amer same period the landioj tons, whilst the deliver ice were 5,975 tons, Nov. 23. vary.
We understand that the local Chinese-owned mills have stopped working and the foreign-managed mills are decreas their output. As is well known, basioess at all, (Of sold stock in Shanghai is 38,000 bales and sold but no-cleared 30,000 bales.
Nov, 24.
AND EXCHANOR, Bank's boying Tls.8.00
9.8% Mexioas Douvans,.. Tis, 80.70 num.
Text read from the printed page and cleaned; old type leaves the occasional error.