Tombstone epitaph., 1922-04-02
sRiTisH INDIAN OFFICE
 ATTEMPT TO THROTTLE SILL
 YER MEETS WITH DEFEAT


 YER MEETS WITH DEFEAT
 NEW YORK. March 2s.--The legis- iative assembly of India this week punctured another attempt Of the British ofice to interfere with the sii- yer position of that country A pro- posal to levy an import tax on silver brought into India to provide a premi- an equal to the import tax on all sil- yer shipments out of that country was rejected. It is said that this pro- posal had been somewhat quietly add. ed to the revenue bill
 Samuel Montague & Co. of London. stated on March that the continu- ance of inquiry from India doubtless arises from the native agitation in that country. a disquiet which inclines ;he people to hoard previous metal"
 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 s.t Ct cents which is the highest since February IT. Shipments to Lon don from New York continue in large volume In February they amounted to sl.s21.715.
 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 buyer in New York Exchange rates on Hong Kong and Shanghai are the highest in several weeks.
 Silver stocks at Shanghai are larg- CT.
 China silver purchases in this country since the first of the year are about s6.OOO,0 900 against one half this amount for the corresponding period last year. India. likewise. is buyer to the extent of about s2.00o. 900 com pared with s962, ,S9e last year.
 IL is reported that the Indian legis- 1 lative assembly has rejected the in creased excise and salt tax proposals. When cotton import duties were re gently increased from II to 15 per cent tax of 1-2 per cent was pro- posed on domestic consumption of cotton goods This will be even more unfavorable to Lancashire intersts. Wheat-sown area in India is 20 per cent larger this year than in 1921 but is , per cent under the previous D. year average. India had to buy a large amount of wheat last year. Burlap exports from Calcutta to this country and Canada in February amounted to 70,4OO. 900 bales. Last year monthly averages were 70.OO0,- OOo bales but February, 1921. ship ments were about s2.300,O ,O00 bales.
 China's consumption of American cotton. months ending January ,31. amounted to 11.97o bales compared with 20.S04 bales at the end of Au- gust. s.31s for the January. 1921. per iod and none in previous period
 Export season for Chinese hide shipments has opened and is said to be exceptionally active. Goatskin prices are exceptionally high.
 Experts of silver and gold from Manchuria have been prohibited by General Chang Tso-lin.
 Equitable Trust Co. o. New York. has contracted with Columbian Minis try of the Treasury to furnish the Col umbian government with 5000 900 sil- yer coins. denomination of 50 centav- os 0.S0O fine The minting of these coins is being handled in the U. s. Mint at Philadelphia
 Purchases of domestic silver at the sl an ounce-net price has been but 10000 ounces in the past week. To tai for the year is 11.?32.72S ounces and combined toal. 100.247, sos ounces. Total order is POS. .0OO. 900 ozs.
 Gold shipments. London to India. since the first of the year. amount to about f4.345.s74 to this country. No oh ha-o h>o~. ru.A~ Shx-