Clark Yen: The Question of Parity The following notes on the Shang-exchange market deal with the week ending August 21.
Contrary to the violent ffustuations which prevailed during the previous week, we have been able to witness a very calm and uneventfol market during the week under review, London quotations for bar silver remained steady at practically: the same level, variations not ex-feeding one-ighth of penny.
Iver and exchange markets were dominated by China, as heretofore. Due to the already heavy; overbought position of our Chinese speculators, the latter have not shown much faclination of ly increasing their com: Some of the gold portion of their engagements, while others stepped in and bought what was offered. In this way the status quo ante was maintained. To summarize, the speculators were marking time during the week, wait-
Imports:
Text read from the printed page and cleaned; old type leaves the occasional error.