To the waiter of the Newel-Cuiwa Dany News"
Sin—During the month of August when the "exchange rate of the Chinese dotier dropped steadily. unt alow record of 3% a. had been Teached, we heard a continuous wal {fom the importers of such commodi ties" as. butter, coal, gasolene and Imported materials generally, while prices were Jumped. tp with indecent haste every time that the exchange market made the slightest slip.
This an open Jeter to these opporluniats, In-which T wish to clearly Bsk on behalf of the Shanghai public, the "allowing question.
Having inde the public pay for every fall" in exchange, what are Your" intentions now. that exchange ates for sterling have "appreciated Spproximately"33°1/3 per" cents and for US. dollars. from 18 0 18 per cant. Do you intend. to prove that {Your excuses: were correct when You ila that the increases In price were duo to exchange losses and. to. re= verse the process and reduce prices Now that exchange rates have appre= elated, or, do you ntond 0 cook up excuses. fo enable you to" maintain the present inigultode price levels?
Would' the" butter importers start the ball "rolling with an early prot Use of reform and then when this comes to hand 1 shall then cal upon little speech. ' sisi cal and gasolene wallahs fora Shanghai, Sept. 30,
Text read from the printed page and cleaned; old type leaves the occasional error.