Shanghai, May 23.
Nicely worded little notices on the front pages of our newspapers during the past week may be regarded fas insidious warnings to the housewife, These, indicating the rise in price, of certain commodities—though only "slight at present—make one wonder where the ascent will stop. and when we shall be happily sliding down to easier costs and more stable arrangements. Financial experts, uncomfortable people to talk to at any time, are not at all cheering when they' get on the subject of exchange: One has only to engage a financial wizard In talk of exchange and he will, Inthe easiest and pleasantest manner possible, tell one that the dollar may shortly descend to a rate of 500 to the pound sterling. The fact that he himself receives his salary In sterling will only make him the more sure. that our money is going from bad to worse. There is, however, one bright reflection which arises from the possibility of the pound being purchasable for 600 dollars which is, by getting a couple fof pounds transferred from our Post 'Omce savings account, we could wipe fff quite a nice little bunch of debts sheet, here, and' start again with a clean the daughter
Text read from the printed page and cleaned; old type leaves the occasional error.