It is unlikely, states the report in Jconclusion, that silver will be generally used as an clement of mone-{tary reserve by the Central banks. It there had been any general demand for silver internationally as for gold, there would have been no need for the adoption of any special action fon the part of the United States to hold silver.
The policy pursued, it slates, may somewhat reduce the "demand for gold in the market and may supple: ment the already high gold reserve cover for the purpose of international expansion. There is no evidence, however, to justify the conclusion that such a policy would produce 'a fundamental change in the monetary Position of silver from an international point of view.—Reuter. firmness in foreign ets the downward trend continued unchecked the next day at the close of the day the market was about $17 below the previous closing.
Shens covering their over-night positions on Friday checked the bearish trend and. maintained the market at about $760 for practically the whole day, but with bad feeling prevailing on the following morning the price declined to the low of the week, $749.80, toward the closing, Monday ano AYRtH at " an irish" 9776.90 cles (8190 Low price $702.20 at 9.07 am, Tu Lowest rice §74080 at 11.14 am, Satur
Text read from the printed page and cleaned; old type leaves the occasional error.