Tombstone epitaph., 1922-05-21
WORLD SILVER MARKETS
 DISPLAY GREAT STRENGTH


 combined influences of pronounced demand from India and China foreign origin silver towards the end of the week reached = cents the high-s since October l7. 1921
 The best bidding was from India. but the situation in China k cxcep- tional and apparently indicates much higher silver prices.
 General Wu Pei Flu. the great Chin. ese nationalist. who recently defeated the ManChurian war lord. General Chang Tsao-Lin. has levied upon ;he three leading so-called Chinese gov ernment banks. Bank of CummuuiCa- tions. Bank of China and also the Frontier bank for the necessary funds 10 pay off all Chang soldiers no sdr- render to the Wu forces at Tien tsin. The total amount is to be charged against the account or control of these banks by Liang Shi-yi, former premier. the John D. Rockefeller of China snd an ally of General Chang. This has resulted in rendering the paper money Of these bank, prac'l- cally worthless and also creates much larger demand for silver
 l. is also understood that General Wu intends to levy upon these banks the total costs of his recent contest with Chang which would probably i'm povcrish I.ians Shiyi talso known as the God Of wealih'J end sorely cripple the banks mentioned and also some others. not mentioned.
 Trade conditions in India have been so exceedingly favorable for the past few months that some reflec- tion was inevitable in the silver markets
 A, the same time bullion specula- tors in India and China are of un. doubted shrewdness and il is appar ea: that they hay" adopted bullish attitude on silver that may continue without variations for the rest of this year
 Al analysis of silver import, and exports of Great Britain for the first 9 months of this year shows the ex- ten; of the diminished supplies at London. During this period net loss ]. exports amounted to Gl.07s s66 compared with e71$.2s4 in the first 9 months ot last year
 Oi the imports. supplies from the European Continent are much small er than for any previous postwar period. Holland sent but l3i.i4j ozs and France l5S,7oS. This country was the largest contributor with l.. o6@.ls2 ozs.
 On the eNpor; side c472.gJO was sent ta China and Hong Kong against { 262 loo last year and to India G2., 25-31 compared with S2JUO. 30U in the corresponding 1921 period
 The totals are e3.6S2.3sl as ex- ports and e2,6OG.5l5 as imports
 Our silver exports to India for the Iirs: 2 months were of the value Of s2.559.0si against sl,5l5.ss5 last year To China they amounted 10 Si.7O7.7.6 compared with s5.5G5.sI3 last year. French Indo-China also received $I.- 320O0O.
 It is somewhat interesting that In dia Is now taking more silver from this country than from London April official figures are not ready but the volume to the Far East was much larger than in the preceding months Around April 19 China purchased more than 20.000.o0o ozs probably the best high record for such d short period
 Mexico has sent Us sl2.S33.S29 against combined total imports of $IS.219.Ss5 during the first months Germany has sent but ss4.0o0; the balance is from Central and South America.
 No purchase Of domestic silver
 at the Sl-an-ounce net price has
 been reported during the past
 business days. The total pur-
 chased during the first four
 months and the first week of May
 amounts to 2o.s4s,47s ozs. which
 is more than total production in