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“...quantity than usual came across.
The manufacturers, however, found increased profits in the
shortened out-turn, and have had a more than ordinarily pros-
perous year.
Treasure.
Silver.
Gold.
Copper cash.
The movement of silver during the past year was not such as
to require notice.
Gold bars to the value of 105.775Z. were sent southwards
from Chefoo, their ultimate destination, of course, being Europe.
Of this gold, a small part came from Vladivostok, and a good
deal more was brought from Manchuria, bv cold-difforers and
i i • i °
others returning to their homes.
Copper cash during the last few months has been extraor-
dinarily dear; that is to say, silver has exchanged for a very
much smaller quantity of cash than usual. It does not seem
that the depreciation of silver has anything to do with this.
Indeed, it would be strange if the depreciation began to make
itself felt here just at the time when silver has shown slight
signs of recovery throughout the rest of the world. The
Chinese...”
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