The Archive · 1929

Present Aspects of Silver

If one may judge by factors pre-sailing at present in Chinn, the mediate' future of silver Bright The stocks of silver in bank suite he ry lage, apron mating m taels sycee ars, pits over 100. million minted dollars. The outflow of money outports remains very small. Ta Addition thereto, it must be. noted that further considerable los of bar ier ave been shipped from the United States to Shanghai in the course of the past tivo weeks since the opening of 1980): from San Prancice. that the deadlock will' continue for long, as the quality of raw produce would not improve by being conseryfor next year's season.

This fact, coupled with redyeed demand frots rary China may dian raw cotton, but, judging by the fact that most of the China cotton een rushed frum interior pro-centres to and Hankow, it would appear imports are Tikely to be very small indeed. Te} yeliahly esti that at the moment 699,000 piculs of China cot are being stored exports one ances from Chinese emigra fof the year, helping to maints Ser prices." The daily. off-take at! Bombay aggregates 140 bacs, and much depends on an eventual me quiet with a limited number of transactions Leing brought to book.

Prices remain very steady hut there is not a great deal of nq the Home arkers,

Text read from the printed page and cleaned; old type leaves the occasional error.

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