Comments of the Feb. 19.
Such words as "phenomenal" and "extraordinary" are used in describing the piece goods auctions held in Shanghai this week, the first to be held since the middle of January. The prices realized at the three large auctions of the week represent advances in all lines that constitute a record never before reached, such prices being beyond the dreams of the dealers. Competition was of the keenest at all three auctions and especially at the Yuenfong auction on Thursday. All grades shared in. the rise.
There are several causes for auch appreciation in values, which is not usual immediately following Chinese New Year. Stocks are getting shorter in the interior, for one
Text read from the printed page and cleaned; old type leaves the occasional error.