The market has continued to be influenced sympathetically by the news that the Pittman Act hag practically ceased to be a bull factor. We have been informed by cable that, though purchases under the Pittman Act have been suspended, further tenders will be received until June 15, when a final decision will be given as to what amount, if any, of these tenders will be accepted im order to complete purchases. The Continent has sold freely and fresh bear sales have been made; America has also been a seller. The Indian bazaars have bought freely for shipment, and some covering has been made by bears, open at higher rates, who have been disposed to cover at falling prices. Yesterday, China came in as a buyer at the now comparatively low level. In view of the fact thas the fall has been largely sentimental, and that the U.S. output is not likely to add To the world's supplies, possibly for some months to come, the present rate for forward silver would seem to be fairly low, though there are rumours of more Continental selling imminent.
Text read from the printed page and cleaned; old type leaves the occasional error.