When the banks opened on Tuesday after the New Year holidays, exchange jumped up id. since the close of business last Friday. T. T. opened at 2/6f, which was probabi ly due to Continental buying. There was a story circulating yesterday to the effect that the silver fluctuation was due to a large loss of silver bullion on the Perais, There seems to be nothing in this report as, so far as can be the amount of silver on the ill-fated P. & O. liner wae not sufficiently large to effect exchange.
It is known that the Persia was carrying from London to Bombay £95,000 in bar silver, and £25,000 in gold bare. At about the time the ship left London there was @ shipment made for Calcutta of £15,000 in bar silver, but it candor be positively stated that this shipment was on board, as it is not_known whether shipments for Calcutta are sent via Bombay and then by train, or by direct Calcutta steam-
On December 90 it was stated in this t that a Japanese report had it that £1,000,000 was lost on the Yasaka, Th's report can now be verified to the extent of saying that a shipment of £100,000 in gold was to have been made from London to Kobe at about the time the Yasaka sailed.
Text read from the printed page and cleaned; old type leaves the occasional error.