Gold at its Lowest for over Three Years: China's Position Steadies Silver from London on December 6, Messrs. Samuel Mon-taku & Ca. state:—The bulk of the available supplies thig week have been taken for the United States of America, only a few purchases being made on Indian account. To-day's price—$0/7—is the' lowest quoted since September 12, 1919, when a quotation per fine "oz. was first fixed for exportable gold.
Gold valued at $1,657,000 has been received in New York—$925,000 from London and $732,000 from Alexandria.
The silver market seems to present a rather more steady appearance, owing probably to the position in China, where the stocks of sycee, etc., are shrinking somewhat quickly. There is, however, no reason for a renewal of confidence in the more distant future. Of course, it is but natural that prices should rest awhile after the sharp fall of the last few weeks. America is not inclined to sell so readily now that there is a possibility of China replenishing its stocks from San Francisco. The stemming of the decline rendered' it more difficult for bears to cover; this, together with a few Indian buying orders, brought about a fairly strong reaction from the lowest price touched last week, but to-day buyers seem to be satisfied for the moment.
NEW DUTCH COINAGE, The "Gazette de Hollande' an-nonuses that "a new fiorin is shortly to be issued in Holland, of a ower alloy than that at present in circulation, Since November, 1921, 2,200,000 of those florins and 16.000,- 000 half-florins have been minted for the Dutch East Indies. For
Text read from the printed page and cleaned; old type leaves the occasional error.