The Archive · 1938

K. Silver Movements

London, July 8.

Silver movements in: the United Kingdom during the week ended July 6. resulted in a surplus of exports over imports by £927,000, compared with net exports totalling £27,000 during the previous week.

Exports of the white metal from the United Kingdom during the period under review totalled £944,- 000, including shipments valued at £877,000 to the United States and £23,000 to Aden. Exports during. the previous week totalled £92,000, including shipments of £68,000 to the United States, Coming from various sources, imports of silver for the same period smcunted to £17,000, Imports for last week summed up to £65,000, including £22,000 from France.—Reuter New York Cotton Market New York, July 8.

The acreage report was some higher than expected, but it failed to [have any influence on the market, and prices ruled steady around the pre-Bureau levels, During the early part of the past week, the market was strong and very active in sympathy with the strength of stocks and in response to the relatively ^small private acreage estimates, and then turned quieter pending the Bureau report.

The possibility of rather extensive weevil damage still persists.

At the same time, the recently expanding mill activity is pointing towards better consumption figures, which are helping to sustain the firm undertone of the market.

Textiles presented a good' appearance, but latterly conditions were somewhat quieter. However, sentiment continues to be cheerful, The demand for spots has improved—

Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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