Afternoon nin "002 per '81,000 'F002 per F1,000
Interbank transactions during the! week were of small proportions and speculators remained idle. On Friday, March 16, quotations for gold bars, during the entire day, fluetuated merely to the extent of & mace.
not unlikely that the stagnation of the local exchange market may continue for another week. The Chinese speculators' overbought gold position probably amounts to 15 million yen, all currencies included.
March Exchange Rates Trade and Exchange st mick et soa aa Wy. Tls. 696)
During this time of the year one Mx. Tls. 143! usually observes that requirements for imports are on the increase. Hongkong #141 During the week under review there Segnere $133) wan indeed porters who were looking for 2/7, fair demand from Belch Marks £941 for delivery during 1928." In many instances these rates were conceded by banks, but as the demand became too large, rates had to be lowered to 2/6%. There was a good offering of sik bills, principally for Lyons. banish Peso Dativeris for imported cargo, con:
tinue to be good, notably arti Austrian "Shifingt 50] silk, clearances of which have been Hr Hangchow $1000: 002.0 ace atastied on Maree tations Highest Lowest uss Gi sah Yen Due to 8 rise im the Yen cross rate our market showed a sagging tendency.
Highest Lowest Gold Bors 36680 36510 Ready For' Ban sitven and. pence per std, et 24)
ganta per on. trey Dowbsy B. per 100 tala 60:00
Bombay offtake of silver.
"American flour, but ther side cannot quote for early delivery.
An export article of growing. portance is groundnuts, Of these China, during 1925 and 1926, exported in round figures 2 million piculs (chiefly unshelled) per annum, valued at about 17 million Haikuan taels. It will probably be of interest to China exporters to hear how India, stands with retard is commodity. Messrs. Prem-Chandy Hoychand & Sons, in their weekly market review of February 17, have the following to say wi regard to Indian ground nut crop:
"This crop, the latest accretion has assumed sufficient to India's agricultural resources,
magnitude, to deserve separate!
notice from commercial quarters:
all over the world.
The total area under cultivation this year is 5,244,000 acres; this marks an increase of 24 per cent:
over the previous year, when only.
Text read from the printed page and cleaned; old type leaves the occasional error.