sstate:—
The silver market has been fairly well sustained by bear covering and Continental orders. Fresh chases for the Far East have not been in essence. An tone seems to be apparel Indian bazaars, and China, notwithstanding increasing stocks, has only sold intermittently and on a small scale. A reduction in the sterlinss value of the U. S. dollar has conduced to a slight easement in the price of silk The Bengal Chamber merce, so it sported, has repre-the advisability of dealing immediately with the currency situ tion, with which there has been a good deal of dissatisfaction in that country. Although in recent years! stops have been taken to facilitate seasonable demands by placing a certain quantity of bills of exchange amongst the reserves of the note issue, this has not been felt be a satisfactory way of dealing' with the situation that arises when crops have to be financed, and there is a feeling that some ' automatic method should be brought into being, by which the requirements of currency could be satisfied.—Suggestions comprise an issue of Treasury Bills for the: purpose, gold or stering deposits in London against the istle of notes in India, or the acquisition of silver for mintage into rupees, The first suggestion would appear to partake of the nature of inflation, pure and simple, the second has the advantage, possibly, however, "at tome lose, of being" easily reversed when the stress is over, whilst the latter would mean a permanent re-infareement of the currency, though probably with a handsome profit to the State.
The silver quotations to-day for cash and two months delivery are respectively Zid. and 4d. below those. fixed a week ago.
Text read from the printed page and cleaned; old type leaves the occasional error.