Far Eastern exchange has not had time to recover from the effects of the violent break in the silver market. It is a matter for satisfaction that the effect on other exchanges has been negligible, and it is also gratifying that fears lest the collapse of silver would cause a financial crisis in China have proved unwarranted.
Tt is now generally credited that speculation in the white metal by both Indian and Chinese interests was the chief se of the great fall in silver's price. But considerations bearing on Oriental trade enter in, and the Japanese situation can scarcely have failed to have been a contributing factor.
Text read from the printed page and cleaned; old type leaves the occasional error.