Tombstone epitaph., 1921-06-26
Woslc SILVER STOCKS
GElATiVElV SMALL

visions OF the Pittman act now
amounts 10 j7,46s,6S7 ounces.
To,a' imports of foreign origin sill
yer into this country January to May
20 are sa2.s7e.6s2. value, or about
g. SEQ, 900 ounces, at the five months
average price of 90 cents an ounce.
Exports OF foreign silver are s1S,52O,-
$50. representing excess in imports OF
si1j6,112 Il has been carefully esti-
mated that consumption of foreign sill
yer in this country so far this year is
more Than 100000 ounces As we
have previously stated, uses by film
companies and silversmiths are ex-
ceptionally large.
Silver stocks a. present are about
100000 ounces at London. 1900 900
ounces san Francisco, 100000
ounces in sycee and 1880 900 dollars
a; Shanghai coin and bullion Indian
government t,665 laos of rupees In
India and fairly small supplies in the
bazaars OF that country. These totals
are fairly smaIl and are no. even un.
usual for Shanghai in view OF the new
and larger banking system of China.
Silver holdings OF the leading banks
o. Europe have Increased during the
past three months and are now G4S.-
152.1oo compared with { 45,sS3,500
one year ago The Bank 81 France
holds eIosooc00 against es,60OOO0
last year.
Senator Henderson OF Colorado, has
introduced a ball in the senate to es-
/ tablish a department OF mines. In
der lis provisions the bureau OF mines
and The geological survey, LOW under
F., the department OF the interior,
would be transferred to tbs new de-
partment
I II was announced June . in Ger
man cable that the German govern
men: mad begun negotiations with
American, English, Swiss and Swedish
bankers for The pledging to them of
large part of me silver owned by the
Reichsbank. Total reported silver
held by this bank is less than $500, 600
. ounce=-iicured at GO cents an ounce.
/ This is e comparatively insignificant
item.
! The London market improved this
week. although no pronounced move
ment is expected there for the next
few months
| An unlimited amount loan for the
/ Indian government was offered thru
/ the British office in London this
week. /, IS IN rupees and in the form
! OF 5 ana lO-year bonds al 6 per cent,
repayable at par. This loan is not
Bengal and Bombay banks have re-
duced their III inimum rate OF discount
to per cent Conditions in India are
improving in many directions. The
famous Hansa Steamship company of
Bremen. Germany, is arranging to in
augurate a large fleet of boats to and
| from Indian ports. Germany has been
making rapid progress in securing In
dian trade. AS one prominent Indian
remarked 10 this writer: We have
persistently endeavored to increase
our business with the United States,
but have been discouraged because
settlements have been forced through
London. II Germany wishes to con-
duct non-British trade with US, ! pre-
sumo we will have 10 accept it."
The conspicuous feature Of the Ia:-
est ten-day statement issued by the
fedora, reserve board shat Of May 10
to May 20) IS the receipt Of s2.155,0S5,
value, from Mexico Previous 10 ship
ments have been on an average Of
around s550,Gor Production there for
the first five months OF This year Is At
about the yearly rate Of rot more than
Is, 0O0. coo ounces.
The importan. qussnou - where
does this Mexican SILVER come ssom.
A press dispatch from Monterey last
week carried the information that
Adam Fisher OF San Antonio. had re-
quested permission OF ;he Mexican
government 10 remove s,646 yoId bars,
1850 silver bars and 100000 ccta-
gonal Spanish silver p,eees all Of a