Messrs, Samuel, Montagu & Co's weekly report on the silver market states that the silver market is no longer depressed.
The Indian bazaars have absorbed supplies at rising rates, despite a considerable amount of special selling.
Continental and Home orders have assisted the upward trend of prices.
There were some moderate sales from China.—Reuter Special.
Mesara Samuel, Montagu and Co.'s silver circular, dated London December 2, is as follows Another sharp upward movement of 34. took place on the 26th ultimo, to 97d., and a lesser rise next day to S7id—this was the highest quotation fixed since August 17, 1914, With the exception of 274d. on August 10, 1914, it was the record Sgure since #Me outbreak of war.
improved from 24§d, to 27id., in only 6 working days, the
more than 9] per cent.—a somewhat drastic performance.
The advance was accompanied by some China selling, and a certain amount of speculative interest has been taken for s rise, In the circumstances, it was natural that the: rose some disposition to mark time, and the next two days, 'M7}d. waa quoted.
Yeoterday @ moderate reaction of 3d, brought the price to 26td., and a further fall of id, occurred today, This reaction was mainly owing to some profit taking by the Indian bazaars. There was also temporary lull in the Continental demand, There seems little rea-won, however, to anticipate much set back, for supplies are likely to be reatrioted, as Mexico is not yet a seller of consequence, The Chinese New Year falls on February 3, Its approach is usually @ stiffening factor, Continental coinage demand is bound to revive at any moment, and as to that for Home coinage, the following extract from The Times" seems to indicate that the shortage of British silver coin is by Ro means yet satisfied "The Master of the Royal Mint appealing to the suppliers of gas to arrange for the clearance of automato gas meters at more frequent intervals, with a view to the return of the coin into active cir-alation as speedily as possible."
Statistics for the month November are appended Highest Price for cash 27d.
Loweet Price for cash 94}d.
Average Price for cash 25.093.
The stock in Bombay is again reduced. It consists of 5,400 bars, compared with 5,700 last week,
Francisco to Hongkong during shipment has been made from the woak,
Text read from the printed page and cleaned; old type leaves the occasional error.