The Shanghai exchange market} during the past week showed considerable activity and strength. The bulk of business transacted consisted of sales of gold currencies by speculators and genuine purchases by import merchants. The principal feature of the week was the decline in the value of the yen, due partly to poli Japan, and partly to military camp!
Tsinanfu. As business conditions in Japan are fairly good and normal, the drop of the yen cross-rate to G. $47 is to. be ascribed entirely to the two aforementioned causes.
The volume of export paper offering in our market is but small. Apart from sporadic sales of raw IK, the export season is now over, if one overlooks the not inconsiderable shipments of eggs and egy prow ducts going on at present.
Text read from the printed page and cleaned; old type leaves the occasional error.