The Journal of Commerce" publishes remarkable figures of companies organized in Shanghai during July. It gives a list of 45 companies, of which are exchanges. In the case of only 16 of these exchanges is a statement of the capital given, but the total for these comes to the heavy figure of $17,950,000. At the same ratio the total for all 29 will be over 31 millions. No mention is made of the amount of capital paid up in each case, but it is known that in certain instances it was less than 30 per cent. of the face value. ome of the shares in thes exchanges are known to have quad-rupied in value within a very short time from the date of issue, so it is obvious that the community has tied up a very great deal of money in_these rash enterprises.
Tu these columns trust companies have already been referred to, and according to the "Journal of Commerce" four such institutions were organized in Their capital amounted ta $16,009,000. Among other flotations of interest a following:—Union Day Bank (capital $1,000,000); W Spinning & Weaving Ca. (capital $3,000,000): Ho Hsin Iron Factory (capital $2,000,000) the China National Sugar Refining Ca: (capital $5,000,000).
The above figures of capitalize tion do not include the Domestic Bonds Exchange (organized by: Mr. Fu Siao-en and others at the request of the Government) with a capital of $10,000,000, half of which has been already subscribed.
Text read from the printed page and cleaned; old type leaves the occasional error.