The shipment of hard dollars to Hongkong, for account of Canton, ikns been going on from here for the past week. Local prices have therefore risen to 72.5.
Due to insurrection the Hankow Mint has been closed for the past week; its re-opening is expected at an early date.
Sycee is moving from foreign banks into native banks. There is no shortage of cash as yet in Shanghai, but it is significant that those wide differences between ready, and forward delivery of gold cur-rendes are slowly disappearing.
The liquidation of its originally very large volume of outstand exchange contracts has been rapidly finished by the Russo-Asiatic Bank. Only insignificant amounts remain in suspense at the moment, too small to have any influence on the exchange market. Wherever the Russo-Asiatic Bank was established there romain other foreign banks in the field. This refers also to Hailar (Manchuria), a centre for wool, where the Dalbank is now established, The import of bar silver into India continues to be brisk. Fou: weeks ago the daily offtake at Bombay was 125 bars; a week later 150 bars; the following week it had risen to 275 bars, while reports for the week under review indicate 250 bars par diem. latter figure, if it is maintained, means a consumption of about million ounces a month, which is considered very good and above the
Text read from the printed page and cleaned; old type leaves the occasional error.