withthe wee ending on October 2- "ie fal towing notes on exchange, deal
Tt is rare distinetion—though not necessarily a welcome one—for the Shanghai exchange market to. wit ness official quotavfons of 2/63, a rate at which business was actually transacted on October 1. Until that} date every single day of the week showed accentuated—weakness in Wwer prices. The initiative can easily be traced to Shanghai, and the echo coming from both London and New York was a consequence fof Shanghai's doings.
China (which in this case stands for "Shanghai") figured daily as a seller of silver in London and New York.. The bulk of these transactions is undoubtedly represented by_ short sales, India bought almost Gaily, at times outright, at others against simultaneous forward sales China's bear tactics were 30 thor-
with catastrophic: vehemence. There ugh that silver prizes came ow were differences in the price of the en prompt action by appointing a liquidator in the person of Dr. Wang Chung-bui, with whom is associated M. Padoux as ce-liquidator. Tis step has called forth general approval, as it tends to conserve the existing assets of the China branch-of the Russo-Asiatic Bank wit in the country. The endeavour to have the liquidation of the China Jzroup carried out separately, and ict together with the offices in London or Paris, is fully justified.
The circulation of banknotes issued by the China branches appears to be very small, as are also the deposits of firms and sindividuals—with the possible exception of Harbin. What the public in China is principally interested in is the ex: change position of the bank.
Text read from the printed page and cleaned; old type leaves the occasional error.