Peking, June 3.
Of the opening of banks in Peking, there is, or seems, to be no end. A new bank or a new branch is inaugurated almost once a week.
The latest entrant into the financial world of Peking is the Sino-Italian Bank, which is practically a Chinese concern with a foreign status. It will do ordinary banking business and will be associated with the Credito Italiano, one of the most powerful institutions in Italy. Already it has a head office and a branch in Tientsin, and it is proposed to open a branch soon in Shanghai and later in Hankow.
Mr. Alde Bellini, the manager of the Peking branch, had a busy time yesterday receiving the many guests who attended the inaugural reception. Business during the day was said to be good,.tho deposits being very considerable: Among the many greetings displayed on the walls was one from President Hsu Shih-chang.
Text read from the printed page and cleaned; old type leaves the occasional error.