The Archive · 1911

Demand for Mexican Dollars

Although the ran on the banks by amall depositors and noteholders continued yesterday there was a slightly better feeling of confidence, and it is believed that there will be an early relief from tension. Silver come, or rather Mexican dollars, are in great demand, so mach so thet tel exchange was driven op to 82 yesterday; aod if the rao on the banks cuptinues, it may move up to 85. The broke have paid out almost all their coins, estimated at $7,000,000 0 week ago, snd the demand has not shown apy signs of weakcese. The situation in Shanghai is extraordinary as although there are Tle. 28,000,000 worth of silver bars and sycee they are useless means of helping to tide over the crisis, The native banks have faced the situation with perfect equi and those tat temporarily closed their doors bare done so. parly on account of scarcity of the Mexican dollar coins.

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

Your account