London, May 22.
Montagu's silver report, says:—It is learned from New York that the United States Mint has instructed the purchase at $1 the fine ounce of silver of strictly American origin. Tt is thought that the stringency of the regulations in this matter will exclude silver already—smelted owing to the difficulty of tracing its source. Thus the effect of the operation of the Pittman Act is not likely to be felt in the London market for some time, especially if the supplies from the Continent continue to be similar to those recently reccived.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.