An example of the growing community-spirit is afforded by the "arrest". by the people of seven men alleged to have been speculating {In rice outside Chengtu's North Gate. One of the men is reported to be the gent of a certain bank and has been released on ball. aged to meet all obligations through 2 temporary loan of another $2,000,- 00 from six of the stronger ancial Institutions, the situation was reeved. Tt is estimated that obligations fo the extent of $29,000,000 were met by the various banks on that day. Yesterday the Bank of China assumed responsibility for liquidating the half-month (hi-clit) required securltes.
'The two reasons' given for the unusual shortage of money are: frst, the unusual demands of the govern ment whose bonds ore heavily discounted when offered as security, and secondly, the heavy buying in opium futures." The latter "product "has shown a surprising upward trend in export, and the price has risen from 40 cents to $1.60 an ounce on Seechuen opium and from $140 to $240 fan ounce on Yunnan product, In September alone, the collections on plum exports amounted to $1.800,-
Text read from the printed page and cleaned; old type leaves the occasional error.