The Archive · 1923

Scanty Silver Supplies

Little change has taken place in the market during the week. Supplies have been scanty, Continental offerings being small and America a reluctant seller. China has been the principal buyer and, of the balance of supplies, the greater portion was absorbed by bear covering. The tone has been fairly good.

The Toronto '"Globe" holds favourable views as to the future of silver. Mining interests in Canada seem to welcome the end of purchases under the Pittman Act. They anticipate greater stability in the absence of artificial measures such as the Act mentioned.

Text read from the printed page and cleaned; old type leaves the occasional error.

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