the Exchange Stabilization Com miltce, which was inaugurated Inst Friday under the auspices of the Ministry of Finance, fs expected to function in a day or two, the regula tions governing the new body having been completed yesterday.
The first week of the introduction of the Chinese Government's export tax on silver and" the equalleation charge saw wide Muctuations Inthe market, From the closing price of $008.40 on October 13, the gold bar rice rose to $090 at last Saturday's closing, a difference of $91.40, On October 13, the day before the introduction of the new tax, the gold bar market opened at $007,'a rise of $19 In comparison with $886 on the previous day's opening. It proved to be a surprise to many bankers to see bars open at only $927.50 on Monday week. the first day of the enforcement of the Government order, as it had been, anticipated that the market would have opened around $080, which was not as much as ten' per cent., in view of the imposition of the silver lax. This. level was reached only on last Tuesday.
Last Wednesday saw a fairly reasonable level. However, actual speculative nervousness dominated last Thursday's operations, sending the price from $979.50 at the opening to high as $1,020, Fluetuations have taken place between $075 and $1,014.50 during the remainder of the week and yesterday,
Text read from the printed page and cleaned; old type leaves the occasional error.