Because of the appreciation in the price of copper, consequent upon the worldwide rise' inthe price of basic commodities, a successful smuggler of Chinese copper coins may make a profit of about 40 cents on the dollar, the "Shanghai Nichi-Nichi" ald oh January 30.
Rates in Dairen are about 1,900 cash. whereas in Shanghai unoflclal deals are carried on the basis of 2,600 to 2,850 cash. The official rate is dixed at 3,000.
The local appreciation, the paper pointed out, is not seasonal as in the case of years before the "Chinese currency reform when increased demand for copper coins before the Chinese New Year's brought a temporary rise, but reflects the general world-wide trend.
Customs authorities are taking special precautions to prevent the outflow of these coins, having stopped seven boxes last weeic and five addi-tonal boxes on January 27. as they, were about to be smuggled out of the country,
Text read from the printed page and cleaned; old type leaves the occasional error.