Shanghai, Jan. 14. ceased to import silver, and, In tact, now provide the largest part of the "other supplies" coming into the This situation should give "cause for ser= fous concern, and make them ask themselves where their present polley leading them.
The world production of newly mined silver has decreased somewhat, but at the same time the producing countries have between them. bought a considerable part of the current supplies. Nobody now for a moment believes that the U.S. Government's recent silver legislation was inspired primarily by a desire {to increase the purchasing power of the 'Far East, That legislation wa undertaken mainly to benefit silver producers in the U.S.A, but it is astonishing. that Producers of twenty-five and a half million ounces of sliver, the USA, should have been willing' to raise the price against itself and. still buy In fall Fast year over 340 million ounces. The unfortunate reactions of this policy of silver purchasing on mone tary and financial conditions in China are already too well-known to need more than mention, Shanghai, Jan. 8.
Text read from the printed page and cleaned; old type leaves the occasional error.