The "Chinese Engineer & Contractor" in recent bulletin devotes considerable space to the subject of the stock and produce exchanges which have grown up in Shanghai during the past 12 months, A survey made by the journal in question showed that on January 14 104 such exchanges were in ecxisttence, with a total capital of $134,- 300,000, and at the time of writing lit appeared that many of them! were tottering at the approach of China mew Year. It will, of course, not be known how they have met the settlement until business re-opens tafter the holidays.
So much has been written on the! subject of these "exchanges that} there is naturally little fresh left for the "Engineer & Contractor" to say. It gives a resume of the gambling mania leading to the establishment of these exchanges, and what is of the first importance is that a full list of the exchanges has been compiled! giving their ad: dresses, amount of capital, registration and the name of the promoter.
Text read from the printed page and cleaned; old type leaves the occasional error.