Bombay, Sept. 9.
Messrs. Merwanjee & Sons in their silver report for the week ending yesterday write:—
Early steadiness of the market gave, hay later "under tome' bull liquidation.
It is reported that a Dill is to be Introduced in the Indian Legislature to rectify "the silver" agreement arrived at in London.
{Although arrivals of silver Bombay © from. up-country have goraleraiy amine, sacks here ave not been relieved as the daily offtake has been almost at an average of 20. bar compared with 60 bars last week, courtesy Steen, Culberteon & Frite Shanghai, Sept. 9.
The reactionary tendencies evident the behaviour of the market last week have continued during the period under review and the indus-rial and railroad averages closed on Thursday at their lowest Sgures Since August 18, Utilities remain the weakest section of the list and this average has broken through on the downside. the resistance "level established during the July reaction Rod i othe lowest since fate May.
greater portion of the losses occurred on "Tuesday when the market reopened after the three flay holiday" oyer the weekend, The decline on this fay-—the most abrupt for any single session since the end of Julymwas attributed to. the failure Of the expected post-Labour Day. strength and activity in. the market to materialise, Commodi. ties~except for silver=all recorded declines with. cotton fsenative to crop estimates awaiting the' "Government figares to. be Published on Friday. Business operations. were resumed after the Day. holiday with most ice operating under the' Re-and. the country is now awaiting definite indication as to how the various' codes "will "work out, The Market in Figures 'ONE. 31 Sept. Teehange Jgroups, due largely to carly reaction, chicly probe taking, 8 better tendency subsequently set ju, but, owing to the approach of the end of the account, quieter tions, on the whole, have pre-[wailed during the past week. British it-edged securities have been well maintained under influence of Felling Brought about by the Anane tial "and" political situation inthe Reich "Chinese bonds. have. Te: rained dul, but Japanese iernes are Ermer: in' other directions home railways were a feature of strength arent tate return bar talar' those "relating "te! goods trafic. Oil issues have been some: Srhat uncertain, while rubber shares Foreign Bechanges: the Une ly sterling, sais Sar wens lightly, bot [gold currencies, showed "a triner depreciating. again
Endeney. "Chinese rates have rated {iietly frm. "Japanese exchange The Money Market:—With_the tum of the' month, easier credit conditions again have prevailed The Discounts Market:—The firmness raling last week has been Barely" mumisned: this "week eater, 021 9920 of 21 sees sao anson 3086 2931 off 155 star sect off 088 vinery Ward 26 235 BR off 21
Text read from the printed page and cleaned; old type leaves the occasional error.