Tombstone epitaph. (Tombstone, Ariz.) 1887-current, 1922-02-05
INDIA BUYING GOLD; NO
DOMESTIC SILVER AVAILABLE

MEM YORK. Jan. 3i.-Foreign ORR
gin silver markets during the week
have varied within the narrow range
OF less than ;hree-quarters Of a cent
an ounce. The tone, as during the
last week. is firm. Greater activity is
anticipated after the end of this
week. which marks the closing OF the
Chinese New Year and related annual
settlements in Indian and Japan.
The important news from China
was that Liang Shih-Yi had resigned
as premier after occupying that once
for less than two months. He is sue
ceeded by DIR. W. W. Yen who has
been the foreign minister under the
two previous premiers. DR.. Yen is
held in the highest regard by the
newer elements" of China which
means majority of its citizens
This should result in great harmony
between Pekin and the delegation
now attending the sporofic conference
at Washington.
This change in the Chinese cabin
e, may also mean the military domin.
ance OF General WI Pei-Fu who has
also been supported by the same ma
jorities This is OF further import
ance since il would indicate de.
crease in the supposed Japanese in
fluence exerted through General
Chang Tso-Lin.
4 II is also reported from Pekin tina,
the Four Power Consortium has
agreed that China is justified in float
ing l4.oco.Oeg-tael domestic loan Sc
cured by the salt revenue.
The Consortium also requests that
the overdue Japanese loan of 10000,
I coo yen be redeemed in monthly in
stallmen,s of 100000 yen labout
( $3.50. 00Oj to be derived from the salt
revenue \ chinese syndicate will
underwrite this loan.
A national movement to secure
funds for the purchase of the Shan
tung railway has been started in Pc
kin. The amount proposed is 10000,
900 yen in the form Of domestic
loan with the Picking Mukden, the Pc
king Hankow. the Peking-Sulyuar
and the Tientsin-Pukow railways a:
security This loan is of course con
ditional upon a successful conclusion
OF the negotiations at Washington.
At Paris a loan for 400, 000, 900
francs (about s32,000.O0O at prevailing
exchangel has been proposed by thu
government for the purpose of rehab
ilitating the Banque Industrielle d.
Chine 1t was also suggested tina
loan be offered in New York. bill
has been introduced in the Chambe
of Deputies to authorize loan to tn,
same bank of the Chinese Boxer in
inc
500, 600. 600 francs These indemnitie
were waived by this country ant
Great Britain
The revenue derived from the mar
time customs of China in the pas
year were the highest on record an,
amounted to 54,500,000 Halkwal
taels Cabout s41.500, O00).
Cotton shipments from Bombay I
Japan and China still will continue i
large volume For the past wee
compared with 1000 last year. Tots
: since August is $4,000 against PA
900 bales for the corresponding Sc,
: en- months period. Shipments to Grea
Britain are at the same low valu
maintained in the previous year. T
Continental Europe they are 1000
, bales less. The ports of raw cOtto
into that country are So per cent les
: than in 1913.
, In the London gold markets India
: buyers Shave been active due to tn
; lower gold premium.
About 100000 in silver has bee
r received from Germany in this cour
+ try since the first Of the year. It
believed that these shipments are !
connection with reparation credits.