4 mn/s. credits 2/108 4 m/s. Does. 2/103 2/1039 purposes. "If the provincia} mints; should continue working for a few months, it would mean a very larg? consumption of bar silver and a corresponding rise in the price. the white metal.
During the last three days of the week the bulk of the Chinese operators showed: inclination towards reducing their overbought Position to the smallest possible extent, so that they could, if citcumstances demanded it," switch over to an oversold gold' position. Tt is not quite easy correctly to estimate the speculators' overbought gold position, but probably a figure! in the neighbourhood of 30 million yen may be near the truth. The retreat was conducted in a masterly, manner, without undue excitement and with a display of skill for which the Shanghai gold dealers have! strength the Londo silver prize declined to, 284d. for ready delivery' Jon the 10th instant, cabled advices commenting thereon that "China sold." If this information really corresponds to facts it would appear' that there is possibly an attempt fat depressing the silver market—for, a sale of silver in London on the basis of existing tael pariti at Shanghai, is undoubtedly a lasis proposition." Advices from New York have ceased to depict the silver market there as weak, In fact, during the week under review the 'U. Treasury has purchased for coinage purposes nearly one million ounces of silver, with Prospects of further aequis Although the sum involved is not large, the measure itself came quite 4 m/s, Does.
Closing business done at London T.P, New York T.T, 683 oer 704
2490 nom,
Text read from the printed page and cleaned; old type leaves the occasional error.