Show 0 j silver output of country shows substantial decrease 0 government purchase ot of american silver at 1 an ounce tor for april may not exceed 1 ounces in march 7 ounces were so cured and in january and february 9 ounces april reports show a total of ounces ob tallied for the first twenty days says the financial review A recent report of the federal re serve showed a loss ot of 19 in silver and other cash reserves this movement Is not quite clear un less sliver silver has been transferred to the treasury department more than a month ago it was in dilated that the closing of large cop per company properties producing silver would decrease production in this country from 15 to 20 ounces for the balance of this year monthly output for the last nine months of 1921 has been estimated at 3 ounces or about 45 ounces tor for the twelve month period allowing for 17 ounces purchased in the first three months this estimate now appears to be too high the pittman repurchase act Is to for 0 00 ounces of which 47 ounces have been secured from june to date the latest ten day report april 1 to 10 of the federal reserve board shows imports of and ei ex ports of this Is about the smallest movement tor for any ten day period in more than four years 17 ex cess coss exports foreign origin are receipts from mexico were much smaller in the london market and on foreign origin silver prices are again upward rd the advance to 2 26 6 points april 12 was offset by the labor troubles in that country af after ter to declining to 33 pence a recovery to 86 85 pence was registered it Is expected that the chinese trade bill will be accepted by con gress this provides tor for tax ex t options and federal incorporation of t american firms in china this bill was passed in the house in iii the previous session but did not get through the senate exchange rates with china and india hold above the lower levels of he the past six months shanghai have lave been as high as 70 up to 64 in the past week conditions in india continue to show improvement european banks have gained 1 pounds in silver 11 sinta au january I 1 silver imports into L london ondon are about 2 pounds tor for the first three months month 1 ot the year and exports about 87 pounds |