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Show WORLD SILVER MARKET SUPREMACY ? ' FINALLY TRANSFERRED TO NEW YORK f The following article taken from the I Financial Review et New Tork shoald ! be oet interrat to the mine eperstora af 'fish and the Weaf. For years the price 1 of stiver haa been regulated rn London. J la fact. R a I we ye haa been during mod- em tlmea, Notking Dvoro beneficial roald happen far the at l tee prod ace re of Kerth ' sod South America thaa te have the I market sapremncy la New Tork; tnatead I of I.esodon. J "Tke New Tor Mirer market has re cre'a an atnttot epnchai devetspment I tn the fact tkat It haa apparently super-' eeded London as the sliver Ua-ttng cea- tcr of ths world. 0t large velsmo ef I boelneae that has goae direct to London j has been traneferrod to this e4-euntry. This I In partlralarty traw ef the baaaar' bd-I bd-I neaa of Mnmbay and CalruUa. ' "Aa a result bid prtcre tb ifew . Tork j have averased atxrat three-eighthd vf a cent above I he h heat Lenclun bid Loadoa be I Hew d-slera II le aal-1. are alee aberi aa both pe aed .'fat am asies. "It la eel Una ted that Iodise Mlvof pae-cbaeea pae-cbaeea lor the pas to renth hare bees ts per cent big bar teas tor ta yeorraapondlna perloA sf last year. Naturally Nat-urally the larger volume of orders sent direct to New lork. rather than indirectly indirect-ly through London, has created the Im-preaelea Im-preaelea among many New York dealers that theae purchases are mack larger, but for July and ee far for August tbta cannot be determined uaU a snore careful care-ful survey la poeetMe. .... "Buying here by China baa been ' steady and represent the customary iraoesctlons of ttrb Chlneee beaks snd ether bank aaenelea la this .country- -Silver stocks at Shanghai svs smaller aa compared with oarller July eeoorda and are rrenrtea at t7.tss.MS oaa. ta sycee. B.seaea. sod about see bars, as asaiast JT les.tag oaa In ayeee. gtl.--.. and lUt bars ea July ll -Weather conditions In Im'Js eentlnue favorable The eottn market fee been i weak, due te tk lower prtrrs 1st thiol roentry.Bbut sra expected te recover. I to the cerropond!ng rraetlon toward Ibighee levela alas la thla aoanlry. Tbe eart.-r estimate of the jute crop la now confirmed and IvKal are under cwtiive-t"n. cwtiive-t"n. eaedustv ef Nepal, la LtbMjt avrss. |