The Archive · 1924

Speculation in Dollars Giving Rise to Increase in Prices All Round Peking, Sept." 29

Since the outbreak of hostilities between Chibli and Fengtien, railway traffic kas become completely, suspended, and also the supply of goods from local districts eut_ off owing to the compulsory enlist ment of coulles as well as to the commandeering of carriages, In consequence, price necessaries have suddenly zone up, thus menacing the living not only. of the lower-classes but also of the bourgeoisie in the capital, To make matters worse, while! coppers are being coined excessively, certain Chinese circles have begun buying silver dollars with the consequence that these coins have become scarce in the market, causing a heavy fall in the value of coppers. The quotation of coppers is now standing at over 300 for one silver dollar as against about 230 quoted in pre-war Marshal Wu Pei-fu has riven instructions to the Ministry' of Finance and all Departments, concerned to contrive some relief of the impoverished people—Eastern News Agency.

Text read from the printed page and cleaned; old type leaves the occasional error.

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