The Archive · 1939

Ornamental Gold

Even the price of ornamental gold went up by $2. The gold was not only bought by persons who possess Government bonds through their banks but also by merchants from outports who are staying in Shanghai For a time it was generally realized that the Chungking declaration would not affect the general financial situation but later the rich again became keen about the gold-buying movement.

Soon after the Chungking declar: tion had been made public in Shanghai three Government bonds, the "Consolidated," "Reconstruction" and "Long Term Currency" Loans all secured on the Customs and subdivided into seven issues, registered record drops since the hostilities.

Their prices were suddenly reduced by $340 or even $4.90 in the case of the Class A Issue of the "Consolidated Bond."

Text read from the printed page and cleaned; old type leaves the occasional error.

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