Mohave County miner and our mineral wealth., 1922-04-14
STABILIZED PRICES
 IN FOREIGN SILVER

The greatest variation on foreign origin silver prices during the week has been one cent an ounce. Varia- tion, for the year so far is but 312 cents which is an approximation to a liked" price and certainly to greater stability.
 Commercial conditions in India and China show pronounced improvement For February exports of India ex- ceeded imports and for the first time since last September. The "depres- sion" in India the newspapers refer to is that of the British-Indian office in trying to raise sufficient revenue to meet greatly increased expenditures.
 London dealers admit that sales from this country have been compara- lively small recently. The feeling among dealers, however, is that silver is high but the statistical position does not justify this attitude.
 A rather interesting development in this situation is a cable announcement from London that import duties into India have been withdrawn and that as result business of Lancastershire merchants in cotton goods is much better. This statement is probably premature. What the new Secretary for India is trying to do is to get these import duties removed so that "big business" in England will have more leeway in India. The procedure favored is reduction of the Indian inn port duty from II or 15 to 16 per cent and an increase in the excise duty of from 31a to per cent. Lancaster shire merchants are to assure the h. dian natives that they will be able to to raise larger revenues by letting British cotton goods come into India and also in paying much higher prices for the natively produced cotton com modities. It was probably because the former secretary, Edwin s. Montagu, would not tolerate imposition of this kind that he was removed by the nimble political puppet of the British super tradesman, the "die-hards.'
 Gold shipments to India from both London and New York continue. More than $549,0OO was dispatched by one New York bank this week.
 Cotton movements at Bombay are much larger. Shipments to China, Japan and Europe for the past week amounted Al thousand bales compar- ed with 5000 bales in the same week of last year. This total movement, August last to date, is 1,26O,O0O bales against 5S3,O0O bales in the cores bonding period.
 The Department of Commerce re- ports that business conditions in China continue to improve. Our imports from China for months amount to s72, ,792 ,OOO against $7S,2O5, 900 in the previous period. This is a pronounced improvement over our trade previous to the war.
 Silver stocks at Shanghai are small CT. They are 4O,5Uu,Ooo ounces III sy- cee, 32,5OO,OO0 dollars and 1900 bars. Reduction in bars amounts to 800 Tn one week.
 The Director of the Mint has se- cured no domestic silver at the $1 an ounce-price during the week. Coinage for March amounted to $6,01O,O3O in silver and $2,560,016 in gold. This included 6,s6O,OOo standard silver dol lars. Silver pieces coined for Colom- bia were 1,000,000.
 Of gold imports into London last week. s371 ,O42, s367 ,OOO went to In dia. No gold has been shipped from London to New York since Feb. b. Normal Transvaal shipments are not likely within two months.-N. Y. F1- nancial Review.