OCR Text |
Show 'ORIENT COMES TO THE OCCIDENT FOR SILVER For the first time in history India and China have appeared in the New York metal market for actual silver metal. The daily quotation of $1.05- represents the New Y'ork bar silver price and is based on the London quotation for same. The quotation $1.11 1.13 represents the .cost of shipping tle actual metal to the far East, meaning China and India. Formerly all the far East business was divided by London, but the present cost of shipping the metal met-al to London represents about S cents an ounce and another S cents an ounce from London to the far East, so the direct shipment from the United States was inaugurated to effect saving and the quotation $1.11 (j? 1.13 hi represents the cost of this new departure deliverable far East. Ex. |