Money Market in Shanghai Stable Despite War As an indication of the stabilization of the Chinese money ' market. the Loan Discount Committee has been Issuing fewer and fewer loans follow Ingg the gradual decrease in demand, according to information from Chit hose elreles, Established shortly after the outbreak of Sino-Japanese hostilities in Shanghai, the Committee has left a Dalance of $18,500,000 on the loan account by the end of November. The purpose of the organization Is to assist banking, industrial and commercial houses to meet the. emergency, The gradually decreased demand for.'loans from the Committee, ac~ cording to the report. has been due to the fact that local modern-style Danke and native banks have the resources to meet the needs of industry and commercial establish-
Text read from the printed page and cleaned; old type leaves the occasional error.