The Archive · 1930

THE SILVER SLUMP Huge Losses of Chinese Gold Speculators

Tt is learned from very reliable sources that, as a result of the recent silver slump, a number of Chinese gold bar dealers have been caught aid_are now finding themselves in difficulties.

One broker is said to have lost as much as Tls. 1,000,000 and the losses of another prominent dealer exceed Tls. 250,000. Our fon is that a number of facing bankruptcy Conmtunisric handbills bearing on the commemoration of the anniversary of the Peking-Hankow Railway workers' strike (February 7, 1923) and exhorting workers of Shanghai to be in readiness for general strike in the spring of 1930, were found distributed in Kiangwan January 31. Communistic pamphlets urging students and workers to go on strike on February 7 and supporting the Independence movements in Korea and India, were found on North Szechuen Road, near Azalea Terrace on January 30.

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

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