OCR Text |
Show RECENT FLUCTUATION OF SILVER EXPLAINED I Parts- r-esu-e of the srr.j'.! supp'.v Jn I London, a. r, a.s the incre.isip. ccnti-nental ccnti-nental denia- d. ih prico of a:. er has boon a i lim-tnp f.is;, writes fnnlvAs K. W.icel of t:-.e H.j:;on an,1 Tore: en h"-ch;nj;e h"-ch;nj;e of New York C-ty. Tl.e '.alxr tro'.!-bles tro'.!-bles n t'oNiilt have niatrr'A'.S- cont n'ovjtod to the rise. It Is suited t't tt take nt Iet a ir.ontri before mines there can return lo ikt:i-.a1 prod 'jot Ion. The ',or; tvarKet h.T.ii a'c Voo:i flr:Ti. S:er-iliiK! S:er-iliiK! have been cen rat-hch- steaov and rtitwriurni:y t:-,f r;.e lore Is ainsost i:i tho srre pivportlon as in lx:idon. The (,'hlna market mu'ertain at the moment. The market there has tven dull, but there is no doubt that tt thouhl follow the rou r. so of siS er. At present Indit-atlons, sliver ts not hkely to de-h:u coneiiemly o niay see the fcJhanichai rates nuirh hipher. The banks tliere r BilII short of oah. A;thoi:th reoent e-portti e-portti of silver from the l mte1 States niav 'lp for a ulu. further purvhaseji i" have to be made of silver. The siook in Shanchal on July 23 was ltj.OiH tVO tae's and JU.OO.i.iVO " , Note vlrx-uLatlon Is Increasing; fa.t In i India, while the silver reserve h do- ! v;me,i. On July 21 ImHan nirretu-v note ctroulatlon a lakhs (a'lakliii equals 1iV.nh rupees, ; or a""roi- i mately $.:.3. as nwainst ' m.:?: lakh. I t-n Juno 50 and U.tVA Ukhs on J ne Silver l;i Ind'a has now declined to lakhs, or lesa than V0 per cent of t"hc I total roserxe. Slnee the ont'vvak of the I xvar up to May. a: 21.0,.0 In if old ' tuid M.itV.'.oo!! Mandard omu-es of mlve" haxe been Imported into India. The ruree market Is Mill dull teniporw rilx brt with silver at Jl. V a non level xMi; ;1Hv e to bo found for the rupee. |