The Archive · 1930

Remarkable Slump in Silver

Sudden Fall Below Two Shillings: ting of Japanese Gold Embargo Quoted as One of the Factors Shanghai received another financial shock on January 6, when the official sterling rate dropped to J/11%, the first time that it had fever been below 2/-. Coming on {op of depreciation in the share: markets of the world and especially the state of the local exchange, the situation is far from bright. As! tone leading business man " said "Shanghai's. streets will" soon be ith rubber and outlined with rency changes in the Far East, where Japan is adopting a gold standard and lifting the gold] embargo on January 11.

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

Your account