"It is a well established fact that: @hina was taking the lead in the downward. movement. This was aided by the following factors:—(a) Sudden and excessive demanils for imports into China, notably rice and cotton from British India.
(b) Serious disorders in Chine which prevented legitimate trade also very anxious to re-start work, in case somebody would be courage enough to supply the necessary, silver on credit. For the moment therefore the Canton 3 not yet a factor a la hausse.
The silk cocoon season is approaching, which means that considerable quantities of dollars will be shipped from Shanghai shortly to the Vinterior, thus lessening stocks here.
Altogether it appears at the moment that silver is not quite so weak as many people were led to believe recently. If nothing anton ward happens in the near future to alter the natural course, it ix quite ly that we may see higher levels.
One factor which is of considerable: importance for the trend of silver prices is the monsoon in India, starting towards the endow June. A favourable monsoon means goo] crops and enhanced buying power on the part of the agricultural population; on the other hand an'
yrable monsoon will cause: imports to diminish in volume. Tndin has had five good monsoon: in succession, and it is purposeless to try to guess what the result of this commer's monsoon will be.
The Week's Business, rd of business done during the week:
Text read from the printed page and cleaned; old type leaves the occasional error.