General Indisposition to Speculate the Cause of Inactivity Over Silver Reporting from London on Oct. 5, Messrs. Samuel Montagu & Ca. state The Bank of England gold re serve against its note issue is £125,598,395, as compared with £125,597,195 last week. A danas amount of gold came on offer, the greater part of which was taken for the United States of America {ndia being only a moderate buyer. Gold to the value of $8,800,000 has arrived in New York—$4,500,000 from Rotterdam and $4,300,000 from London.
The Government of India hays announced the removal of all res-frictions on the export of wheat and other grain, pulses and flour. This should tend to encourage remittances to India.
It is rumoured that, in the course of some trading negotiations between Yugo-Slavia and Czecho-Slovakia, the question of establishing some sort of a currency union between those countries was discussed. Such a rapprochement seems reasonable in view of their proximity and many common interests. For nearly 50 years past the three Scandinavian countries modelled their currencies—gold standard, etc.—upon the same system and also passed identical-legislation regarding bills of exchange.
We have received the following interesting communication relating to Indian copper nickel coinage, which reference was made in our letter dated September 21:—"Copper nickel alloy money, being of a yellowish colour and liable to tarnish, is not difficult to counterfeit;*but coins of pure nickel metal are not subject to tarnish and, being of a bright white lustre, are practically proof against successful counterfeitures. Moreover, while copper nickel is a comparatively soft alloy and consequently easy te work, puta nickel is very hard, thereby offering almost insuperable difficulty to successful coun-forfeiture, and in addition, pure nickel, being subject to magnetic attraction, spurious cing composed of alloys can be immediately detected. As a fact, we believe that the Government of India have in contemplation the replacing of their copper nickel coinage by pure nickel coins, with the object of preventing counterfeiture."
Text read from the printed page and cleaned; old type leaves the occasional error.