Show SILVER SITUATION LOOKS GOOD silver reacted from 67 to 66 thursday against the announcement that the chinese merchants bank at shanghai and honk kong had been closed says the new york financial review of the it is not known i whether this failure had any relation to the reported short position in silver of many chinese bullion dealers london and india were large bidders apparently indicating a return to the upward trend silver has been holding around 67 cents despite the failure of the pittman bill to become a law and probably because of the larger requirements of russia and japan the chinese position is also much more interesting at present on account of the trading activities of shanghai speculators stocks there at the beginning of this week were about gozs in s y cee dollars and 2500 bars this is a considerable decrease from those of about gozs in dollars and bars two weeks previous it is the opinion among bullion dealers here that improved business conditions in mongolia and other countries bordering upon northern china and chosen has created a pronounced demand for silver in russia china and japan the latter country appears to be especially appreciative of these new conditions london has received most of the buying orders for several weeks but supplies have been comparatively small in this country due to the decrease in imports from mexico and south america consumption against new coinage requirements outside of russia is probably negligible germany accord ing to reports may proceed to coin marks silver against its first coina coinage z e of a similar amount the first allotment was secured th through rou h its own silver holdings during the week however the banks of spain holland and belgium increased their silver reserves to the extent of about pittman bill lost in lower house the pittman bill providing for the purchase of the uncompleted amount of 1 silver covered in the provisions of the original pittman law failed of enactment in the niad mad scramble and confusion during the closing hours oi of congress it had passed in the senate two weeks earlier but failed to secure the anticipated attention in the lower house it will be brought up again when congress reassembles |