To the Editor of the "Norra-Cmuwa Dany News."
In your esteemed paper we ily quotations for- silver bars. We know. that om the London market silver is quoted so many pence per ounce troy. But we shall be very thankful to you if you inform us as to the exact weight in international standards of weight, ounces troy, of silver bars and that of gold bars as they are quoted daily on the Shanghai market We could not find any exact information on this subject in corresponding literature on money and exchange, but we have been told on several inquiries that a silver bar is 100 taels weight and a gold bar is 10 taels weight. If it is s0, then we figure out the exact Weight of silver and gold pars in the following way: we take a tael equal to 1} oz avoirdupois, which {s current opinion, also and knowing that 1 ounce troy is 1.097 oz avoirduboids, 1 oz avoirdupois 28.25 grammes, and 1 oz. troy 31.10 grammes, we find that a tael is 1.215 oz. troy.
On June 10 in some newspapers we have the following quotations: Shanghai gold bars, 978 touch, Tls. 248.00, which gives Ts. 20-41, per 1 oz troy. Silver bars, 998 touch, Tls. 111.00, which gives Tls. 0.9135 per 1 oz troy (111.00 @ivided by 100 and 1.215).
Is our calculation correct?
'Among your readers you have,. Sir, many highly versant in exchange matters, and prompt information on their part on_ this subject' will be greatly appreciated. T am, etc., Inquisirive Russtax-Shanghai, June 16.
Text read from the printed page and cleaned; old type leaves the occasional error.