San Francisco, Jan. 11.
Banks here report a noticeable decline in Chinese orders of Amer can commodities, following the crash in the price of silver.
Reports of failures of native Chinese banks in Peking and elsewhere continue to arrive and it is believed here that the effect of d is heightened by politi cal and military conditions in China 'The Wells Fargo Express Ca. officials declared to-day that China possesses the most silver in hists and predicted that the recovery in the price of silver will be gradual'.
Some bankers, on the other hand, expect a sharper recovery because many silver mines of the Wesern United States have announced thit they are closing because of the large supply and the low prize. This will naturally tend to reduce tie tupply and help the price.
The local branch of the Hongkong.
Shanghai Banking Corporation id to-day that there is a decline in China orders which is especially noticeable as regards lumber and flour. It is to be noted, however, that these are also suffering from the regular seasonal decline and it is difficult to'determine what portion of the falling-off can be attributed solely to the influence of the price of silver, it was pointed out.
It is believed that cotton shipments from the United States to China will also feel the effect of the silver decline before long. At the present time it is too early to make an accurate forecast, in the view of the experts-—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.