The position in Shanghai was made as cany as possible by the decision of the Foreign Banks late on Monday evening not to press for the payment by native banks of short loans and native orders, The ext time granted for payment is indefia tion of the grace will position of the respect But the crax of the trouble is the adequate supply of Mexican dollars, mich threatens to give oat if the rush continues, The Foreign Banks need all the dollars they have io their coffers so much so that they are unable to banks, Supplies of dollars are from Hongkong and it is reported that a good stioant is already on the way—as also from the interior, Of course, it ought to be easy for snbstantial banks to get the needed snpplies within " week, for the price offered to-day for the dollar in almost without parallel—except during the Boxer rebellion.
People with ready money are doing roaring trade by giving loans at exorbit ant interest on very substantial securities offered by those under influence of the panic. This not confined to Shanghai alone, as place. similar state of affairs is reported from Tientsin and Peking.
Text read from the printed page and cleaned; old type leaves the occasional error.