Margin to be Raised to Avoid Arbitrage Disturbances Ins, Msl Tosmou, general, manager of Mie Central Bank of China when The wholesale price of rice yesterday ranged from $9.90 to $11.50 per picul. Retail prices quoted by local ice shops were:—
Chinese rice:—Best quality, $11.60; 00d, $1080; ordinary, $10.
Saigon rl t quality, $1040; ood, $9.40; ordinary, $8.40, Following further weakness, buyers showed more interest towards the lose of the week, and fairly large transactions have been booked both for Europe and America, Higher prices are now quoted again, and it remains to be seen whether' foreign consumers' are willing to follow.
Interviewed on Sept. 9 by Rulers refunding the question of the Mise of Eondon-New York erosserate, stated that instrvetions have. been received from Dr it, H. Kung, Minister Finance, hai, with a view 10, pre Wenting' the market here from bolag ised "for the. purpose of arbitrage transactions, The Central Banke 13-10 False the margin between the ofclal Fates and the buying or selling rates from er ¥ieand cent to Yi and Feents for Sterling, U.S, Dollars and Yon, respectively.
Wi. He ie farther directed to slate that when the London-New York eross-ato eases again to. the Level of last Sear, the Central Banke will be able io"revert to the old differences, 'The market has been exceptionally quiet during the past week, and thera has been practically no enquiry made. Prices on the Pacific have shown an advance, and dealers are holding', off in consequence,
Text read from the printed page and cleaned; old type leaves the occasional error.