Hongkong, July 8.
Business in this Colony has been very quiet for the past two months 'The decline of the Hongkong dollar and the incessant civil war in South China have a very bad effect on trade, The valuo.of real estate has' dropped by almost twenty per cent. while the share market is doing fairly well." This week the share brokers are experiencing a rather dull marke, Merchants generally fare of opinion that unless the civil war in Kusngtung ard Kuangsi comes to en, carly close, trade in Hongkong: is far from possible, The trade slump in Hongkong iz to some extent attributed to the lack lof discernment and foresight on the par' of some business executives, These foreign managers were misled by reports of the local press that the general political situation would become stabilized with the overwhelm ing defeat of the northern insazgents and the Knangsites-Ironsides. JO Canton news agency. provides free copy" to the local English press-announcing victory after victory of the government forces over the antiiChiang Kai-shek The enemies are "reported" to be ie-feated with thousands smashed to pieces and hundreds of madhino Jeuns captured, Chinese Banks Meeting Demands July 11.
The run on Chinese banks has practically ended as all these money, houses'are able to meet the demand of "the depositors. The biggest!
Text read from the printed page and cleaned; old type leaves the occasional error.