Messrs. Mocatta & Goldsmid's report on the London bullion market for the week ending November 13 ig as follows:—
The price of silver has had a Jdownward tendency during most of the past week the quotation on November 10 and 11 being 38i2d. fas against 84%¢d. a week ago. This fall was largely due to the sharp rise in the dollar sterling exchange, which has an st normal influence on the market at present. At the lower level there has been some bear covering and during the last two days the price has recovered to 244. [which is to-day's quotation.
The Continental buying has not! been on a large scale whilst the buying or selling by India and China has been dominated by the dollar exchange. The tendency of the market is therefore somewhat uncertain, but in view of the sharp fall there has been during the past, month and the probable further requirements for the Continent we! think about the present level should [be maintained.
Gold—There has again been a good demand for India and the Whole of this week's arrival has been taken for that quarter besides'
considerable amount for direct shipment from Durban. The price has varied between 90s. 10d. and 89s, 8d. per oz.
Text read from the printed page and cleaned; old type leaves the occasional error.