In their London report of August 14 Messrs. Mocatta & Goldsmid state:
Largely owing to the marked improvement in the value of sterling exchange on New York, the price of silver has declined rather rapidly during the past week and 33)2d. was reached on the 12th inst, 348d. a week ago. This -rise in the exchange made several holders of silver nervous and there has been a good deal of reselling by bulls, in addition ~to sales by China and America, against which the Continent has been practically the only buyer. Yesterday, on Indian and China bears covering, there was a recovery to 34%d., but this has not been: maintained and the
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