Review for Week Ending May changed: Chinese Speculators Rem: to Extent of In reviewing the main features the local exchange market for the past week one may convenien point to the principal features outlined and repeated in their ya ing aspects in our reviews for the past four weeks. The causes, 1 effects and the deductions—therefrom remain unchanged. In two words: "undertone weak" with hope for a change if and when silk supplies begin to flow into the interior from their present Shanghai confinement. Before this is the case one cannot logically expect an upward move of any cons Any atterspt to characterize tendency of the silver and local change market in any other light a few sentences to supple-the happenings of the week.
(0.009 worth of silver to Shang-close of the week, The! mint at Hangchow is now working in addition to the coinage plant Nanking. As dollars are not necd-ed by the commercial community as a body requirement: 5 have to red here), ax is evidenced by the continually ruling: rate of about Tls. 71.75 per 100) Toco! dollars, and as there are of enough har silver supplies here to ceeupy Oxo mints, It ix not dificult to deduce that the activity of both establishments might find an early: end.
The Chinese speculators remain oversold in yen to the extent of at east Yen 39,000,000 apart from following, rates: (lows for merchants 2
3, 49! for Guilders, rupees and 15.30 for French francs. Exports could' at certain short ments be placed at (lowest for 4 months 6), 613 and 15.72. terloink transactions for May (lowest) were: 2/53, 608, 168.
The Yen The concerted action ree the yen eross former low levels. AN the close of the week the yen was quoted at 443 for near and 4/55 for terme Much depends upon the eof the Chinese to do more for the in the cot at Kobe and New with China during
Text read from the printed page and cleaned; old type leaves the occasional error.