The Archive · 1928

Silk Bills on Europe Offering

'The following review of the Shang- at 1085 for near, and 1689. hal exchange' market covers. the forcand deliveries week ening September Notwithstanding the fact that!

Again it. was the yen which dering ihe week goAiia fe, Mat, the: yea, which hctendd fut ihe cere wan a emote the China echanaes, ood deal of activity to be witnessed Dempo, supplies Kiukiang "Road jin the local exchange market, due with exciting information on the to rises and falls (principally the yen's state of health. In the begin-former) in the value of the y ig of the week we were cold that, Speculators were very active, cover as Japan's balances abroad were ing a good portion of their oversold a ig away, the government wa old position. At the close the taking steps actually to float those old dealers are still slightly "short" foreign loans which, in yen, ut overbought to nearly' were granted in New the same extent in sterling and in Kuxember, 1927, bat w

Text read from the printed page and cleaned; old type leaves the occasional error.

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