The market commenced, with a bearish tendency, but the volume was small, therefore te drop was limited. Opening at $954.70, the price declined soon after and by 345 am. the low rate of the day, 3992.50, was registered. "The balance: (ly of the morning's trading was idle, the price Muctuating between $953- 3984 and closing at $054.
The afternoon session opened 9959.90, was quiet at this rate for bout an hour. Shorts profit-taking land covering near the and of the day caused a small advance, the closing rate being $955.90.
Reasons for decline:
1, Russo-Japanese complaints Excess stocks of cash bars refecting in small change-over.
4. Steadiness More infation talk in US, in monte ight eredic silver.
4 months! signt docts Reasons for advance:—months' sight credits 1. Probable drop in cross rate. 1 months' sight docts 2 Uncertainty as to outcome of New York—demand Kuiing conference in regard to silver. 't'monthe" sight erediis Shorts covering and profit: Parls—4 months' sight docts Fes. 548 taking.
These figures include Tls. 25,800,- 000 and $261,110090 in. Chinese banks in which there were 7,980 bars. an Sten There were n> movements yess Imports:—Ts. 380,000 f.om Tientsin Tls. 16980,09 to London SuOiGd 4 New Yorke 1,700,009 Melted and eclned Tie, 7110000
Import $0000 frum Fouchow 202,000 sycee melted and coined $24,320,000 to New York "20,000, London $25,200,000
Silver came to-day at 21yed. ready and forward as compared with 215d. ready and 21d, forward last week.
Tndia and London. speculators bought, China sold. America bought but not keenly.
Text read from the printed page and cleaned; old type leaves the occasional error.