336
999 fine for silver deposits is too high other mints require 9974. You have to alloy the bars down to 10 Dineros 20 gr. say about 902k rios.
high
we also think 242 on the first million too
the highest mint charge is 3%.
Allow us to suggest:-
1,000,000 or under 29
over 1,000,000 to 2,500,000 1-3-47
over 8,500,000
14%
In fixing prices the first thing you have to
remember is that Mexico is one of the largest silver producers and
that it is to your interest to encourage the circulation of your
produce in the Orient.
We fully approve of your idea as to the delivery by the Mint or "Comision" of coined pieces in any part
of the United States or Surope without any charge for commission.
We are sending copies of your valued letter
to our principal branches, and asking some of our high officials,
who are thoroughly acquainted with Oriental markets and require-
ments to write to us their view on the above important casters.
These views we will communicate to you later on.
Meantine we think there is no hurry in the
wetter so far as China is concerned, seeing that sliver is hover-
-ing around your Feso melting price.
Quotations from Shanghai come today. 1.1. on London 2-104 equals silver at 64.04
cents per ounce here.
Mexican dollars Shanghai (Old a19) Tis.
72-70-100: equals 50 cents each here.
China New Year falls this year on 24th.
instant and prices for delivery in China after that date are very
much lower same with Silver in London where the "spot" price
today