It was announced on Tuesday that the September settlement of the Shanghai Stock Exchange had been altered from Friday. the 24th instant, to Wednesday the 29th. When the settlement days were fixed at the beginning of the year the 29th was chosen, but later it was altered to the 24th. This latter is obviously an inconvenient day, for not only is there a Jewish festival to-day, but there is likewise the Mid-Autumn Festival of the Chinese on the 26th. In the circuustances the original date offers more advantages.
Inquiry on Tuesday elicited the statement that, as in Jure, a carry-over has been practically' arranged. In the case of these who were carried over in June the financial institutions affording the necessary accommodation protected themselves by ample margins, and they seem to be satisfied that the position to.day is no worse. In certain cases, however, it is believed that extreuiely hich rates of interest are being required by private concerns.
Text read from the printed page and cleaned; old type leaves the occasional error.