Tombstone epitaph., 1922-03-19
CHINA tN WORLD SILVER MARKETS FOR FIST TIME
 IN MORE THAN A MONTH


 NEW YORK. March l5.-Re-en. trance of China in the silver markets is responsible for recovery in prices. At the beginning of the week sales were made low at S4 3-4 cents which compares with the low of S2 1-2 last week which was the lowest price in about F months. On Wednesday sales were around 65 cents, which was subjected to a slightly lower level the following day due to changes in the London market.
 The Indian exchange rate has held steady around % cents for some time and the improvement in that on Shanghai and Hong Kong will mater ially benefit trade and silver prices with the Far East.
 The commercial attache of the De- partment of Commerce at Picking re ports very satisfactory business condi- tions in China since the Chinese New Year. The two official government banks have resumed specie payments The higher London-New York "cross rate has enabled the American ex- porter to compete on price basis with British competitors.
 Our imports from China in January were $10,565,000 compared with $5,- 022.000 in January, last year. Our ex- ports were s7.635. 900 against s12.645.- GOO last year. The February move ments are understood to have been larger with equal advantage 10 China on its shimpents to this country
 The general opinion in China is that trade with this country is bound to be quite large this year.
 The Chinese loan of the Pacific De- velopment Corp. amounting to s5.500.- 900 has been extended to June l. 4 condition of this extension is the pay ment of s160.o00 for interest and on account of principal to be made out of the current salt revenues
 Sir Charles Addis of the Hong Kong & Shanghai Bank and chairman of the British group of the Chinese Censor tium is expected to arrive in New York next week It is understood that he will confer here relative to future operations Of the Consortium. A more formal meeting is to be held in Lon don in April. In China the opinion prevails that the Consortium is prac- tically dead. Chinese banks that made loans to the Peking government against the salt surplus as security have formed coalition so that they con consolidate the hypothecation of this security to a total of $96, ,000, ,000
 This financing. under the plans pro- posed by the banks. will cost the gov ernment about Is per cent.
 Silver purchases under the Pittman act amounted to 97,243.623 ounces on the 9th. This represents an increase in totals of 3.o5s.ss5 ounces in the past Is days. Total since the first of the year is s,72s,74s ozs.
 During February the U. S. Mint turned out 2.s20.O00 silver dollars compared with 2.91s.473 in December and the record high" Of e3,ii5, ,oeo in October. 1921. Coinage for Colombia in February was 100000 pieces with 375,O00 pieces for Venezuela.
 There has been no gold shipments from London to New York in the past four weeks The Hand strike situa- tion is likely to be prolonged.
 Large Russian gold shipments via Sweden are expected.
 National anBk of Commerce has re- ceived from Germany 9S cases of gold bars and 35 cases of gold coin. Ma tional City Bank received 100 of gold coin, also from Germany.
 Japan is taking more gold and sil- yer. It's gold imports in January were $2s,571,371. against exports of $s62,- 9s3. Silver imports were $s,4s5.75s and exports. $3,977,11s.
 DIES AS RESULT AUTO ACCIDENT