Mohave County miner and our mineral wealth., 1921-07-01
.|ND|A'S NEW SILVER
 IMPORTATION RECORD

Montagu < Co.,, London, admit that silver impoftations into India for the first 4 months of this year amounted to 95,O00,0O0, value, or about 31,5OO,- 900 ozs. This is at the rate of near ly 95,OOO, ,O00 ozs. yearly. Previous to the war India's average silver inn ports were only 40,0OO,0O0 ozs.
 The Chinese situation assumed con- siderable importance in the silver mar kets during the week. It is under stood that the Chinese consortium, or ganized by T. w. Lamont of J. P. Mor- gan & Co.,, is likely to break wide open and that new consortium of Chinese bankers and also some strong inter- ests in this country will be formed. It is known that the Continental and Commercial Trust & Savings Bank of Chicago, a participant in the Morgan consortium to the extent of $5,000, 900 has withdrawn. John J. Abbott, vice. president of that institution, is now on his way to China.
 Another important factor is the ex- pected boycott in China of all British goods. This movement is due to the Japanese-British Alliance. The report that the British will refuse to agree to any aggression against this country even though it is bound to do so in the event other countries attack Japan does not affect the Chinese attitude since the protest is against this al- liance between China's greatest enemy and Great Britain. Unless British merchants succeed, as they did in the recent Chinese boycott of Japanese goods, in mixing up American goods with those of Japan, this boycott should result in greatly increased im- ports from this country. It is be- lieved that there are now enough h- dependent American merchants in China to protect themselves against these maneuvers.
 I U. s. A. Government purchases of silver at $1 an ounce under the Pitt man Act, amounted to but 173,000 ozs: for the period June IA to June 22, the smallest record since the re-purchase order has been in effect. In our pre- vious review we intimated that avail able domestic silver for the last 6 months of this year would be around 5,000,00 ozs.
 The latest reports on silver move ments supplied by the Federal Re- serve Board (June to 10) shows ex- cess of exports amounting to $4,977,- TAG. About 10,000,000 ozs. of foreign origin silver has been used in the trades here during the past 6 months, which accounts for a part of this diff ference between receipts and exports.
 Silver imports from Mexico were $827, ,676, another approach to the av- craze 10-day record. Mining opera tions in that country are still greatly restricted. Canada so far this year has supplied this country with $1, ,921,- 775. Operations there indicate 5 to 6 million ounces for 1921.
 Silver received from Germany, Jan. 1 to June 10, is but $187,553. News papers refer to the large shipments from that country but apparently the Federal Reserve Board is not familiar with them. Shipments to the Far East in the latest To-day period were $263, ,584. Japan secured $234,555 of this amount. Total to Asia to date is $1O,s7s,O72 or about 2O,OOO,OO0 ozs. I In gold movements the Far East has shipped $45,576,537 to this country, a new high record. China and India have supplied $35,877,559. These Asiatic gold movements are due both to the need of payments in gold for imports because of depreciated foreign silver and the sale of gold against the repurchase of silver. India has been absorbing a large amount of silver in China and London. China is holding it's own, but a stronger silver buying movement is expected shortly in both cOuntries.-N. Y. Financial Review.