The Archive · 1922

28, Messrs. Samuel Montagu &

Obscure Outlook Reporting from London on Sept

state:

The silver market has been very quiet during the week. China has furnished most. of the supplies. The Indian bazaars have figured both as buyers and sellers, but the offerings of the Continent have been small and America has been neutral. The outlook is uncertain. It lis remarkable that, with the excep-359 bars to Hangchow.

100 " Yunnan. tion of one day (Sept. 5), the cash price has been noted within 3d. either side of 253d., ever since Aug. 459; bars.

24 last. Yesterday, for the first time since October 30, 1919 (64}id. for two months' delivery), the Arrivals were price of silver was fixed' with a Tls. 900,000 small coins melted. fraction of a sixteenth.

The "Times of India" thus com-Shipments were ments upon movements in the In-Tls. 1,250,000 to Hangchow. dian currency reserves, under date 1,170,000 Nanking.

Sept. 9:—"Coined silver continues to pour Tls. 1,420,000 into the currency chests and a further sum of Rs:123 lakhs has been

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

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