Reporting upon the silver market on June 3 Messrs. Samuel Montag Ca. state:—
The rally last week in China ex change proved to be but temporary support from that quarter has only been at falling rates and even then somewhat of a reluctant character. As India is still refraining from purchases, the market does not possess much, animation—a state of affairs not improved by sales from America, where the quotation has dipped below a dollar the ounce. Even if fresh American produced supplies (say 60,000,000 ounces per annum) are absorbed by the U. 8. Mint, the outlook for silver is not good, for melted coin for realization is arriving and likely to arrive from the Continent sub-in stantial quantities—that is to say, the Continent, which was a continual buyer of considerable amounts before the war, is now a seller on balance to a very apprecia able extent. The drastic requirements of the U.S. Mint for certificates as to the U.S. origin and refining of the bars, may cause a good deal of metal, though actually suitable, to be excluded from purchase because the owners' cannot definitely verify the contents.
Text read from the printed page and cleaned; old type leaves the occasional error.