Guaranteed undisturbed sleep! bet, of the China Stabilization Board. who arrived in Shanghai from Chungking several days ago received plenty of attention from the local Chungking controlled newspapers yesterday, all of which prominently displayed a recent speech he made Chungking at the national financial conference in which he explained in detail three ways America could help China. The "Chinese American Daly News" reported that he had held important conversations with Chinese and foreign bankers in Shanghai.
Quoting reliable banking circles, the report said that they might have discussed the improvement or maintenance of the "black" or unofficial foreign exchange market in this city with a view to enhancing the trade relations among the friendly Powers represented in Shanghai. Permanent stabilization of the foreign exchange -|rates in Shanghai was said to have been the aim of the discussions. The report stated that further conferences were expected to be held soon.
It was reported by the "Central Press Service of China," a Nanking cigar that "it is believed that Mr. Fox's mission is to make a preliminary study of the economic problems of Chungking in so far as Shanghai is concerned, and that as a result of his present visit part of the financial system in the International Settlement and possibly also in the French Concession will undergo a radical change."
Text read from the printed page and cleaned; old type leaves the occasional error.