Show silver Is going higher silver hae has advanced several point points during the past week or ten da das a and an authorities are predicting even high er prices the following report hai has just been sent out by samuel mon tague co cc of london demand tor for the british home mint has been the chief factor although there has not been much pressure from that quart er the coutIn continent eul has been more or less a constant buyer and a lew few orders have emanated from the indian bazaars the closeness of the china ex change to parity the absence ot of tree free selling from the united states the mintage of japan on accorn account t of russia and the exten sion of the area in which the indian rupee has to do duty namely to egypt and east africa as well as the readjustment of currency in in dia itself create a felling of con flrence as to the future or of the market the important statement Is made that large amounts of sov are being melted down throughout india to make good the falling off in the imports of gold bullion the effect of this has been to create a decrease in the circulating medium which may have to be made good by the end of the year by the in creased coinage of rupees it is estimated that about 20 to 2 25 sovereigns have been melted down in indian every day tor for at ht least eighteen months and and this must have created a fairly large gap in the amount of money in circulation |