Mohave County miner and our mineral wealth., 1922-03-31
BRITISH INDIAN OFFICE ATTEMPT TO
 THROTTLE SILVER MEETS DEFEAT
Legislative Assembly Rejects Export
 Premium Plan

Premium Plan
 The legislative assembly of India this week punctured another attempt of the British Office to interfere witt the silver position of that country. A proposal to levy an import tax on sil' yer brought into India and to provide a premium equal to the import tax or all silver shipments out of that coun' try was rejected. It is said that this proposal had been somewhat quietly added to the revenue bill.
 Samuel Montagu & Co.,, of London stated on March 9 that the contin- uance of inquiry from India doubtless arises from the native agitation in that country, a disquiet which inclines the people to hoard the precious me tal."
 Improvement in the Indian situation resulted in higher silver prices, dur ing the week. Exchange rates be- tween London and India were much higher beginning on the 22nd.
 Sales in foreign silver were made at 66 cents which is the highest since February r. Shipments to London from New York continue in large vol ume. In February they amounted to $1,921,715.
 India is not only making many de- mands in London for silver but is ac- tive in the New York market.
 China is said to have been a seller in the London markets but has been a buyer in New York. Exchange rates on Hong Kong and Shanghai are the highest in several weeks.
 Silver stocks at Shanghai are larger.
 China's silver purchases in this country since the first of the year are about $6,OOO,OOO against one-half this amount for the corresponding period last year. India, likewise, is buyer to the extent of about $2,OOO,ooo com pared with $962, 1899 last year.
 It is reported that the Indian leg islative assembly has rejected the in creased excise and salt tax proposals. When cotton import duties were re- gently increased from Il to 15 per cent a tax of 71a per cent was proposed on domestic consumption of cotton goods' This will be even more unfavorable to Lancashire interests.
 Wheat-sown area in India is Z0 per cent larger this year than in 1921 put is 5 per cent under the previous b. wear average. India had to buy large amount of wheat last year.
 Burlap exports from Calcutta to this country and Canada in February amounted to 7O,40O,000 bales. Last year monthly averages were 1o'Voo'- GOO bales but February, 1921, ship ments were about 82,300,OOo bales'
 China's consumption of American cotton. 6 months ending January ol, amounted to 71,970 bales compared with 2O,sO4 bales at the end Of Au- pust. 8,31S for the January, 192l' per ;od and none in pervious period.
 Export season for Chinese hide snip ments has opened and is said to oe exceptionally active. ,Goatskin priceS are exceptionally high. .,
 Exports of silver and gold rom Manchuria have been prohpiteo oS General Chang Tso-lin. vi,
 Equitable Trust Co.,, of New YorK' has contracted with Columbian Minis trv of the Treasury to furnish tne tne Columbian government with S,ooo'ooo silver coins, denomination of 50 centa- vos O.5oO fine. The minting Of these coins is being handled in the U. D. Mint at Philadelphia.
 Purchases of domestic silver at the s1 an ounce-net price has been put 17o.000 ounces in the past week. To- tai for the year is 11,7s2,72s ounces and combined total, 1OO,247'ooo ounces Total order is POS, 100000 ounces; ,
 Gold shipments, London to lnaia' since the first of the year, amount to about s3,O0O,OOO against A,345'S14 to this country. No shipments have been made to this country, however, since the middle of February. Since Marcn i we have shipped more than soe'oo' to London.