To the Editor of the "Norra-Curna Dairy News."
Sm,—I trust you will pardon me for addressing you on a purely business matter, but as the subject of my letter receives full publicity through the medium of your columns in the way of quotations and transactions, I feel that my desire for the same publicity to be given to this letter is not altogether extraordinary.
The daily list of quotations issued by the Shanghai Stock Exchange on Saturday last showed an alarming decline in the value of rubber shares, so alarming in fact that I am of opinion that some explanation is necessary.
Granted, the price of rubber has suffered a more or less serious Japse, but the market has remained steady in its present weak state for some time, and I think I am quite right in assuming that the mem: bers of the Shanghai Stock Exchange have not received any Gnside information" which predicts a further relapse in the price of this commodity. Again, there have been no transactions of importance for a considerable time, due chiefly to the fact that holders do not intend to part with valuable securities during a period of temporary depression. That being 0, I feel very curious to know on what basis the ridiculous quotations set forth in Saturday's list were made.
Reluctant though I am to use the word "ridiculous" it appears to me to be the only one which covers such an unreasonable change.
The large holders of rubber securities will naturally treat the quotations as they deserve, with utter contempt, but the' small investor is not so well informed and may tend to become panic-stricken. Bank officials also, who regulate overdrafts, ete., to a certain extent, according to the quoted value of securities are liable to bring unnecessary hardship to cer-ain of their clients,
Text read from the printed page and cleaned; old type leaves the occasional error.