Commenting on the effect of the dual expiration of the United States Silver Buying Plan and the International agreement, the report explained that the latter Pact through-out "was dwarfed by the magnitude of the United States purchases already made and which are still required under the provisions of the Purchase Act."
Analyzing the year's trend of the market, the report asserted that the August weakness had been because of the Indian reports would be thrown on the market; However, "when it became known these shipments were for the Chinese Government account for safekeeping only confidence was restored and the market resumed its previous featüre-less aspect, On December 6, however, 6, however, a precipitate drop occurred at London."
Apparently becauses of belated recognition that the United States Silver Buying Plan and International Agreement would soon expire, the lowest prices of the year following But confidence was restored when the United States prolonged agreements with Mexico, China and Canada.—United Press,
Text read from the printed page and cleaned; old type leaves the occasional error.