From THE "Nonru-Cu1NA DAILY NEWS" or Jury 6, 1869
M the. profits of the trade of Shanghai had kept with its expansion it would merit the title of EL which "T ture of things be Mhe case. "Enormous profits imply id pow known, in one part of thedyorld, pore or lose of monopoly, and to, mud "What is going on elseweBe, st monopolies to exist long, un The brilliant success of the earlier China. merchants—and strangely enough, tdo. their subsequent disas! -have attracted attention and excited competition which may be expected henceforward to grow with the growth. oF th ira Mim. 3 "would: nave; peen, possible ta ow great houses 125-80 should nave undisputed enjoyment ai i monopoly. And me failures of: 1864-55 supplied material for the which had become logically" ch collapse; and result of competition, decreased profits and ese has visie of these lih: followed. In the case of exports, actual loss has resulted. From a tranquil and lucrative certainty, ili rapidly Competition. Shanghai through the period of inflation and subsequent depression incidental to all new ports, and seems now emerging into a condition of steadier trade.
Text read from the printed page and cleaned; old type leaves the occasional error.