London Hears Efforts are Being Seriously Made to End Conflict London, Jan. 5.
Hopes that serious efforts may shortly be made towards securing some settlement of the Sino-Japanese war were responsible for a sharp upward movement by Chinese bonds yesterday.
It is realised that the potential recovery capacity in China in such an event must be large, especially as the latest returns of Customs revenues, issued by the Chinese Embassy, indicate a relatively small real decline in China's receipts for 1939 compared with last year.
Many financial quarters who were prepared for a much greater decline are now wondering whether, if China can secure such large Customs revenue with so many of her legitimate irade outlets closed, she might not provide a spectacular commercial recovery were normal trading conditions restored.—Reuter.
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