Mention has already been made these notes that Poland was reputed to have purchased 10 million ounces of silver for coinage purposes at prices to be fixed monthly according to the averages London quotations during the month. -Although nothing further has. been heard of the matter, it appears that the transaction has actually taken place. It is quite feasible that the silver required by Poland will be supplied: by the Indian. Government from its surplus stock. If this surmise should prove correct, it would explain the shunning ' of publicity.
"At. the opening of the week 1 private wire reported that negotiations are proceeding between New York silver interests and Czechoslovakia for the acquisition by the Intter country of 20 million ounces of silver for coinage purposes. The transaction is apparently connected with a loan and prices would be. fixed on the monthly average basis. Te cannot be confirmed yet that the deal has actually been con-also. made purchase of Native Interest (Per Day) iver. supplies, but nothing Alton 00s per Hie materialized 0 far. ner s, s yee 1,090 The bar silver arriving in Shang-sai from the States is being: prom-Customs March Exchange Rates ply used up by the mint at working for about 6 weeks, after} the New York recess, but the price Mk. Tis, 2 of dollars here has steadily advanced. rad The reason is to be found in the rather heavy outflow of silver 24 dollars to outports. "The mint at Nanking, which had been idle since the Chinese New Year, has just roa Bulgar eas been supplied with a thew director, Whether this will. mean 1 swedish reten Bas Norwegian Kronen 2.62 fu ently renewal of activities re-Danish Kronen 2.61 mainsgto be seen; the decision rests 1 Caeeho Sinv. Kronen 23.54 probably more on dollar prices than {on personalities.
1 aut bit Max. $1.50 Yen Cross Rate Domestic Exchange mextANO INDUSTRIAL BANK RATER. shanghai, 1,051 ing remained steady for 'a comparatively lengthy period the yen has advanced towards the close Of the week to 474 U.S$ for 100
Text read from the printed page and cleaned; old type leaves the occasional error.