An Eventful Week Locally: Attempt to Regain Strength after Opening Weakness The following notes on the exchange market deal with the week ending September 11.
The pint week was rather eventful for the silver market. The first two days were characterized by extreme weakness—to be relieved by a genuine attempt to regain a firmer undertone. The change was brought about by two factors: first ly sentimental causes which were} directly confected with the Wanhsien affair and with possible complications arising from happenings there and. other war-ridden districts i1 China; and secondly practical reasons, as represented by the sudden shipment from Shanghai of large quantities of. silver bars to the mints, Diring the past week the mint in Hapgehow has actually recommenced work,. More than 3,409)
In trying to judge the future trend of the world's silver market it may be well to take the following points into consideration, The symptoms to be cited are by no means a complete consideration of all the possibilities which may corns into account, but merely _some factors which present themselves at the present moment to the obser-
Production—The world's silver production during 1925 totalled 240) million ounces. The entire production during the first six months of 1926 was, according to reliable statistics, somewhat similar, ie. got Vexceeding 20 million ounces per month, It would therefore he wrong to speak of an overproduction of silver during the current The following figures indicate (Gri million troy ounces) the monthly average production of silver ty the "most important countries. These sources comprise all the Americas, Australia and Burma ilian fine ovens per month.
192: i403 1926 17929 (First 6 months).
Stocks in countries of origin were small and normal the end of Tite We Sed 400,000 ounces in New York and to' 8 little over 500,000 ounces in' Canada.
Exports—Shipments of silver from New York and San Francisco fat Tepes tee oon (figures in fine ounces):
1426, 70,509,000 ounces (fist 6 months).
In reviewing: production figures, og. well: as. shipments abroad. and bats of silver have been shipped stocks, for the past few years, it "Tthére and to Nanki for minting! will be obvious that there is nothing iii. tas Sytan toe Sais ae No Piece Goods Auctions During the Week and Private Business Entirely Absent Sept, 18.
In view of the political conditions in the country it is only natural that any report on the last week's trade should have little of interest to mention.
With reference to piece goods, im any case there would have been no atiction-next week in view of] the coming settlement, but it was decided that they should also. be @iscontinued for the week under' review.
Cotton and yarn have been very! dull, and little demand is to be looked for in the present condition of affairs.
The only interesting features of the markets are to be seen in certain branches of the export trade, there being still a demand for silk and also a moderate amount of tea being taken,
Text read from the printed page and cleaned; old type leaves the occasional error.