The report of the British Chamber of Commerce, Hankow, for the week ending August 17 states Finance and Money Market: Bar silver was quoted in London on the 16th instant at 38d. ready and 373d. forward, net advances of lid. and lid. respectively during the week. Owing to scarcity of supplies coupled with small" purchases on™ both China and India account, the market has ruled firm. The outlook, however, is uncertain. In sympathy with silver the official quotations have advanced to T. T. 3/9) and 4 m/s credits 4/0}. Business has been on a very restricted scale owing chiefly to the political unrest in the Yangtze Valley, and the little that was done has been hampered by the delay in receipt of telegrams. The New York /London cross rate at the week end was reported as 3.643. Chinese market rates: Shanghai Taels 96.075. Local currency dollars 70.2. Native interest: cent.
Exports—With the political situation so uncertain and exchange on the upward grade, business is suffering as " consequence. Tael prices are still maintained—here, and it would seem that home buyers for many lines of China produce are holding off the hope that lower prices may be obtained later Imports—The political situation is unchanged and has had the effect of completely bringing business to a standstill. There seems to be no sign of an improvement in the immediate future, and the market will doubtless remain in its present state for some time to come.
AnaLysis or Exports.
The analysis of exports issued by the Chamber shows the following principal figures:—To Shanghai—1,042 piculs jute (abutilon), 1,545 piculs vegetable tallow, 6,554 piculs cotton, 3,523 piculs beans, 8,788 piculs white peas, 7,080 piculs wood oil, 206 piculs hen albumen, 558 piculs hen yolk, 2.940 tons antimony regulus: to other ports in China—4,019 piculs jute, 643 piculs vegetable tallow, 637.piculs cotton, 4,281 piculs beans, 2,585 piculs wood oil; to United Kingdom—2,050 piculs jute. 168 piculs gallnuts, 16,824 piculs beans, 1,680 piculs white ped, 2,616 piculs wood oil, 5,468 piculs hen albumen, 6,059 piculs hen yolk; to America—427 piculs wood oil. 749 piculs hen yolk, 840 tons antimony—regulus France—252 piculs jute; to Germany—1,438 piculs wood oil; Japan—307 piculs cowhides, 1,140 goatskins. 4,898 piculs jute: to Holland—8,400 piculs sesamum seed, 2 piculs wood oil.
Text read from the printed page and cleaned; old type leaves the occasional error.
