Mocatta & Goldsmid's Report In their weekly report on the London bullion market dated March 12 Messrs. Mocatta & Goldsmid The fluctuations in the price. of silver continue to be very small and during the past week the quotation has only varied between 32% and 81{:. Both India and China have been forward sellers which chiefly accounts for the forward quotation being ¢e or 4d, under that for spo: on the other band India and the Continent have been buyers for ry, the former chiefly to les.
America has bought in this market' on most days but the market ax a whole has been very quiet and the present level of prices seems to attract very little interest either from sellers or buyers, these circumstances it is dificult see which way the market is likely to move bu: we do not look for any important change at present, Gold—The very small arrival from South Africa thi week was absorbed by the Trade and there was none sold for export. The Indian demand remains very small and only a trifling amount has been Lought for direct shipment from Durban, The price has varied between 86s, '9d. and 86s. 7d. per ounce fine.
All Departments With Few Definite Prospects Apr 8
Something akin to lethargy seems prevail in the local markets this week. So far as exports ate concerned the influence of the Easter holidays hax not yet been overcome, silk sharing in the prevailing se ment. Piece goods have been inactive, and at the auctions have shown lower levels on the whole compared with the week previously. Yarn business has only been fa and purchases of cotton moderate. 'A considerable' amount of interest is being shown in the future of American cotton, which is bound have a bearing on many classes of Piece Goods ith a small demand and lower values generally registered. at the Jauctions, private business in. piece [hoods could not be expected to show any improvement during the past week. Some inquiry for the better class of White Shirtings from the Newchwang and Tientsin areas has been noted, but what sales there have been have been mostly from second hand. In view of the general slackness of trade, dealers -avd merchants seem generally to have extended their Easter holidays, "In woollen piece goods a certain amount of business has been done in Lustres, As far ax the auctions were concerned, no improvement was shown in the general tone as compared swith a week ago, which was on the whole disappointing. Except for particular qualities orders were g2n-erally conspicuous by their absence, and under such conditions bidder was largely <peculative and uncer~ tain. While there was only a small reduction in prices, the Inck of] of interest on the part of dealers haw led to considerable spectiatior as to the cause, For instate' Whites should be beginning to show activity, and it is thought chat the absence' of thig may be caused by: the late spring and consequent tetardation in demand, Fears of further fighting, although in what Part of China' ix unknown, are another factor, while the future of cotton prices. has probably' a good deal to do with the present attitude of buyers, The. trend of American cotton is at pre-
Bank Closing Rates, Apr 11.
Text read from the printed page and cleaned; old type leaves the occasional error.