There can be very little doubt that while foreign business is suffering greatly, the Chinese merchant are being much more severely hit. They are no longer able to buy piece goods at auction prices as the auctions have been suspended, and in some cas issed a very fine market. The quantity of tea which had arrived in Shanghai at the time the crisis started was about 200,000 Fackages, and good prices were expected for it. The Chinese holder of this cargo ceased transactions and 1 they cannot command the which was expected, In fact they are unable to make sales. nce of the loss being. to be seen in silk. off. it the present juncture, There would normally be a heavy
America being especially keenly in-
New York is purchasing:
Japan, while local silk remains in the hands of Chinese merchants who are losing, at the very least, interest on their money. The Ukelihood, furthermore, is that when all this" accumulation of silk is placed on the market at the close of the present trouble, its weight will bbe s0 great as to bring prices down very considerably.
Text read from the printed page and cleaned; old type leaves the occasional error.