The keenness of Chinese merchants and speculators in connexion with the establishment changes" is shown by the new projects now daily reported in the Chinese press. The latest report is that the movement is spreading so rapidly that is it is believed to be extending to every part of the country; and quite possibly we may hear of fantastic proposals (judging from some already put forward) which will put the Exchange "craze" in a class with the Soufh™ Sea Bubble.
The Chinese press now reports thut the executives and staffs of the Shanghai Produce Stock Exchange. the Chinese Cotton Cloth Exchange. the Chinese Covton Exchange, the Woo Hai Stock Exchange, the Shanghai Silk and Cocoon Ex. change, and the Chinese Cotton Yarn Exchange, held a meeting at the Yih Ping Shan Hotel on Monday afternoon and discussed vho advisability of forming a federation of exchanges. It was stated that seven exchanges have already been established in Shanghai and that proposals are going forward for the formation of 20 or 40 more, whilst similar proposals are being made in many provincial cities. The opinion was expressed that the establishment of these exchanges should promote business prosperity, if they are organized and conducied by experienced business men. Hence the proposal to establish a. federation. The meeting appointed a committee to draft regulations for the proposed federation.
Text read from the printed page and cleaned; old type leaves the occasional error.