Samuel Montagu & Ca. silver market has been quist. Support has come mostly from bears, and speculative quarters connected with China. America has not been a seller, and supplies from the Continent have been scanty. Had offerings been larger, the demand, which has not been keen, would not have sufficed yo hold' up prices. India has been more inclined to sell than to buy.
The U. S. Mint report for /1921 specifies the production of silver in France for 1919°and 1920 as 12,000 0z. in each case. These figures are probably conjectural.
have heard on excellent authority that the actual output each year' was about 10,000 kilos, "or 321,500 07.
Coined silver is_ still flowing strongly into the Indian currency chests. Fresh record holdings are being shown each week. The amount of notes in circulation is still somewhat below the record total of 16,691 lakhs on Jan. ~~.1920, The ratio between the note Statistics compiled by the Treasury Department's Bureau of Markets show that, after eight advanced, these including other food products, textiles; fuels, industrial materials and sundries, successive monthly declines, cover- while three—cereals, metals and ing the period from January to building September, 1922, our index num-perhaps the most interesting ber shows a slight reaction inj feature of the October price move-October. This reaction, only ment was the fact that the group small fraction of 0.6 per cent., Is of fuels marked a gain of 3,5 per significant chiefly as showing the cent. over September and appeared sensitiveness of the price index so|te be the highest one during the the very irregular movement of] past 16 months since June, 1922. commodity prices which occurred} Our monthly—numbers ce during the month recently closed. October, 1921, are given below Five groups of commodities Miscelinacous 3 22 Last Wed. of 8 3 3 Zs 5 38 46 Ge Sept.
Text read from the printed page and cleaned; old type leaves the occasional error.