The Archive · 1930

Strength of Bonds From Ove Ows Consesroxoest

The following article from the "North-China Daily News" London correspondent is published as a matter of terest as lowing how Chinese bonds were recently regarded in London. Naturally at the time there was xo idea that the Shanghai-Nanking Railway would be unable to meet ite half yearly interes London, Nov. 1.

During the last few days the greatest possible attention has been paid to Chinese Bonds, which have been moving upwards steadily for some days, although there is a good deal of reason to believe that there is heavy speculation going on. This upward movement is due opinion to the general belief that the Chinese Government will ultimately recognize all existing International liabilities both secured and unsecured, Thus on Monday last the principal feature of the foreign share market on the Stock Exchange was the continued strength of these bonds. The 1913 "Fives" rose 12 to 69$ and rises of two to three points were established in some of Soe: Well all I can say is Yhat you will be sorry after you kill The end.

The lesson to be drawn from the play seems to be that even if one's Wife clouts one on the head now and again it is just as well to take her long to court when one's life is in danger, and the dramatist seems to infer that if Zantippe has been able to address a. few forceful arguments to the judge, it is just possible that Socrates would have escaped the hemlock cup. In the circumstances, however, it is not at 4) ell unlikely "that Socrates was exercising a wisdom of choice with which his wife might not have entirely agreed—unless, of course, there was some insurance money to collect! 7. P.O, the railway loans, Shanghai-Nanking issue being quoted at 60, and Tientsin-Pukow at 30. Yesterday, however, ax indicating the accuracy my remark about speculation, realizations caused a reaction. The five per cent, of 1912 fell & to 488 and the 1919 issues relapsed 13 to 672. The five per cent. of 1890 weakened 3 to 993, and the four and a half per cent. of 1898 went. back A to 883.

Text read from the printed page and cleaned; old type leaves the occasional error.

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