The Archive · 1920

Purchases in Kiangsi From Our Oun Correspondent Kanchow

TUNGSTEN ORE

The demand for tungsten ore has improved during the past fey weeks, and stocks are being cleared off at advanced prices, yet not sufficient to repay what was paid out for the ore some two years ago. Consequently many who are not positively needling the money are holding on to their stocks, hoping it will yet rise much higher. There are yet great stocks of it all round this district, and now that it has ison in.price many have again gone to the hills to mine more.

With the advance in price there arose the usual squeeze. Sonie merchants from the adjoining province got in league with the yamens and a notice was issued forbidding it being carried over the border. Yet these same men were there to receive it at a greatly-reduced price and send it over for shipment. This, however, did not Jast long, and now all has been arranged. There is said to be one British and one German firm who are the present purchasers.

Text read from the printed page and cleaned; old type leaves the occasional error.

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