The affairs of the new Stock Exchange will be administered by '4 committee comprising the mom-hers of the committees of the two former bodies, an arrangement that, provides for the fullest representation of all members who now occupy 100 seats in the Rew exchange. This number, we" understand, is limited to the present figure, and it is interesting to see how the value of scats in the Shanghai Sharebrokers' Association have increased rapidly in the past few years. About two years ago the value of a seat in the Associn tion was only a few hundred taels Jand, in fact, the first seat to be sold realized 50 small a price as Ti 700. Since that time prices ha been steadily rising until about three weeks ago the seat of a member who has been ong absent changed hands for so high a, price as. Tls, 10,000 while, two week ago, Tls. 15,000. each were offered for two seats, but no one being willing to retire and sell, no deal was effected, Two Auctions Daily Through the initiative of Mr. V. Gensburger, the late Bir, Jack Spunt and the committee of. the Sharebrokers-Association a large number of innovations has been introduced for the purpose of facilitating business and these will be carried on inder the amalgamation. Thus for instance the practice of. holding auctions in the afternoon as well as the morning will be adhered to, thereby enabling brokers whose requirements were not met in the morning to have another opportun ity of doing business "for their clients before the close of the day.
Text read from the printed page and cleaned; old type leaves the occasional error.