on the; silver market, Messrs. jamue] Montagu & Ca. state:—
This week the market shook off the inertia which had been a feature for many weeks, and silver ame on offer from China, India, snd the Continent. It is evident! shat the only veal absorption in present conditions can come from far Eastern countries. Hence, vhen buying is poor from those quarters, sellers must hold off, roping for an improvement in such: jemand, or priceq must fall. The' activity of late has been owing argoly to supplies not being} yressed. Now, however, that the; Zastern countries have turned into! ellers, the sole purchasers are! pears, who, naturally, will be slow io cover whilst prices seem upon the slide. 6 The production of Canada during; lhe first six months of the year has been about 8,500,000 oz. If his rate be continued, the output! vill show the substantial increase} 4,000,000 oz. for the year. We: hear that the production of Mexico luring the same period was 37, 900 oz. and a fresh annual record s therefore likely. The U. S. outyut is also increasing, so that a verid's total of at least 175,000,000 may be expected. If the "mount obtained from demonetizaion and from partial demonetizaion be added, the combined sup-lies available are not likely to be ar short of the 296,192,923 oz. which formed the record ® world production in, 1911. This year some 50,000,000 oz. will be bought under she provisions of the Pittman Act, out, considering that European gurehases for coinage have now scased, and that the world's luxury srade—intio which' silver largely onters—is in bad fettle, it is astonishing that prices should have cept up as well as they have done of late.
Text read from the printed page and cleaned; old type leaves the occasional error.