Silver and What to Think: Absurd Rumours and Solid Facts measure. The authorities are' sure to ignore it.altogether. China is vitally interested in high silver prices, even if one day she intends: to adopt the gold exchange sta dard; this means, under all circumstances.
(7) Another remedy against the devaluation of silver is seen in the closing of the Shanghai Gold Stock Exchange. Here we have another usual order of their importance in the purchasing of American goods, as follows: Japan, Australia, Chi Philippine Islands, India, New Zealand, Netherlands East Indies, Hong kong, Malaya Kwantung, Ceylon Siam, Indo-China, British Oceani and French Ocea 15 except Austr exports to the United States during 1929, The slight Australian' ds crease was because of lighter Unit-creasing the manufacture of olga eftes. An interesting item of China's importations in 1920 was a. large number of airplanes from the United States, while substantial creases in automobiles and automo-supplies were noted in ship~ ments to all the Far Eastern pure The rar East afforded a market for over 20 po cent. of the total By There are records to which one Aikes to, point with pride; and there are records which one is anxious conceal, It is with such unmixed feelings that further new silver levels have to be registered, namely 207d. for ready, 20)d. for tivo. months forward delivery in London, 43% conts_in New York, and Rs, 48.01_ in Bombay, official quotations of January 8.
That, these pitiful figures should find their echo in Shanghai official rates is a natural, though sad, incident. It is with a-silent, hope that it might be a case of "never again" that these memorabilia are Focorded here as a symbol of fright bygone times, namely: 1/114 for tar. on London, 478 for U.S, $ and 103° taels for' 100 yen; in the actually and it is said that the buyer is now in deep mourning over the bargain.
Present Aspects of Silver, and 'a Retrospect The writer does not pretend to Know what silver is going to do next week, or next month. But on the other hand he honestly believes once more there has been a lid stampede, and as usual on ich_oceasions, it was almost im-"possible to smooth the wild waves Of excitement, Undoubtedly saner views prevail at present which, it sincerely hoped, will bring about alm reasoning and reason. In the excitement, thoughts have taken flight into' the realm of phantasm and, as logical reasoning was not possible, causes were sought for the break, but not quickly found. And so it came about that a swarm of fanciful rumours became the ttalismati of the masses who, as is only too often the ease in such precarious times, took refuge in the fabsurdest explanations of which they would normally be ashamed, Panic and fright have brought about actions and created thoughts: and explanations which were not merely incorrect, but often border~ ing on the ridiculous.
"Tet us -examine some of the views and explanations which have come forward recently as a graceful apology for the unprecedented misbehaviour of silver prices. Examples are taken at random here; thane alone would not suffice to show the crass "ignorance which has recently been displayed; for a worthy partner is to be seen in the remedial measures which have 30 freely-been proffered.
Text read from the printed page and cleaned; old type leaves the occasional error.