Nervousness Results in Sharp Decline Shanghai, Jan. 19.
statement of Dr. H. H. Kung, Minister of Finance, emphasizing the efforts of the Nanking Government maintain public confidence domestic bonds, failed to prevent the 1 nervousness which prevails in the Jocal Chinese bond market and a sharp decline in prices occurred yes terday. A mild reaction set in later {in the afternoon og a result of shorts covering.
Dr. Kung's statement was regarded in financial circles og inadequate to 4 counteract the present market condi-lions in that no specific denial was given to the questions raised in the petition by the Chinese Chamber of Commerce in regard to the reported intention of the Government to reduce the rates of interest on domestic bonds or the declaration of 'a moratorium thereon,
Text read from the printed page and cleaned; old type leaves the occasional error.