Messrs, Samuel Montagu Ca. on US. Policy London, Feb. 18 The uncertainty of the American silver polley, Mexico's going off the iver standard and China's virtual abandonment of the white metal are enumerated in, the annual silver re-ort issued today by Messrs. Samuel Montagu & Ca, as the three great financial changes during 1935.
"Although the United States _purchased 544,000,000 ounces of the white metal during 1995, the report states, liber silver reserves are nearer the three-to-one ratio to gold only by $60,000,000, owing to the huge increase in her gold stocks.
The world output of newly-mined silver in 1835 amounted to 206,000,000 uncos, which is 21,000,000 ounces over the production for 1934, while: supplies available from other sources {in'1935_ was 415,000,000 ounces.
The principal factor inthe near future will doubtless continue to be the American Treasury, the. report, continues, and there is no indication as to the Jines on which they will Proceed, This uncertainty has been
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